NEXA Mortgage, the Nation’s Largest Mortgage Broker, Launches NEXA100

CHANDLER, Ariz.--(BUSINESS WIRE)--May 21, 2024--

NEXA Mortgage founder and CEO Mike Kortas announced today that NEXA Mortgage, the nation’s largest mortgage loan broker, is launching a revolutionary compensation plan for its mortgage loan officers (MLOs). Titled NEXA100, the new program will allow for NEXA’s loan officers to keep up to 100 percent of the loan officer’s commission splits, without any per-file fees or other hidden fees.

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Mike Kortas, CEO of NEXA Mortgage -- photo courtesy of NEXA Mortgage

“NEXA100 is the most competitive game changer in the mortgage loan industry,” said NEXA founder Kortas. “It gives our loan officers a shot at making 100 percent of the loan commission, including a reinvestment into their business. And the greatest thing about NEXA100? Our loan officers will still be giving our clients the best mortgage rates in the industry.”

Innovation has been at the forefront of NEXA Mortgage since its founding in 2017. With over 2,500 loan officers working throughout the country, NEXA has become the mortgage broker leader by being the champion for loan officers in an industry that didn’t always treat loan officers well…until NEXA entered the fray. Since its founding in 2017, NEXA has processed over 85,000 home mortgages.

Jason duPont, branch manager and NEXA executive partner, said, “NEXA100 is about giving our teams of loan officers and branch managers trust. Our teams will get up to 100 percent of NEXA revenue so they can grow their businesses on their own. We can only do that because of our deep knowledge of revenue origination and cutting-edge techniques.”

Michael Neill, director of correspondent lending at NEXA, added: “This is probably the boldest program we’ve launched because it goes against the fear that, if you give too much of the split to loan officers, you do not have anything left to run the company. We don’t believe that.”

ABOUT NEXA100

NEXA100 is an option where loan officers can earn 100 percent commission on the loan. Compensation rules must be obeyed per all agreements, and the 100 percent of the commission to the loan officer can be obtained when fees to the loan officer are factored including money that goes to marketing and other costs for the loan officer. For more information about NEXA100, go to www.nexa100.com.

ABOUT NEXA MORTGAGE

NEXA Mortgage is a full-service mortgage company headquartered in Chandler, Arizona, with additional offices in 48 states, Puerto Rico and the Virgin Islands. Whether buying a home, relocating to a new area, or refinancing, NEXA helps clients realize their dream of homeownership or save money when getting a new lower monthly payment. NEXA also funds investment properties and provides commercial financing. Reach out to NEXA for quickly funded home purchase loans, refinance rates, rate comparisons, property evaluation, and cash-out refinance options. For more information about NEXA Mortgage, go to www.nexamortgage.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20240520884629/en/

CONTACT: Press queries for NEXA Mortgage:

Ross Johnson, Johnson Public Relations

Ross.Johnson@johnsonpublic.com

(ph) 877.947.2496 ext. 1

KEYWORD: UNITED STATES NORTH AMERICA ARIZONA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY BANKING

SOURCE: NEXA Mortgage

PUB: 05/21/2024 12:30 PM/DISC: 05/21/2024 12:32 PM

http://www.businesswire.com/news/home/20240520884629/en