NEXA Lending Launches New Revenue-Sharing Model for Loan Officers
NEXA Lending has introduced NEXA Unlimited, a new program that allows loan officers to receive 100% of the revenues from loans they originate through the company. The model eliminates traditional fees such as flat fees, per-file charges, correspondent funding fees, and closing costs typically imposed by mortgage companies. CEO Mike Kortas emphasized that this initiative is designed to reward top-performing loan officers for their contributions without financial intermediation. CFO Von Maharaj noted initial skepticism about the program's viability but confirmed its economic feasibility due to NEXA’s scale, lean operations, and volume growth. The company believes this model challenges traditional practices in the mortgage industry by removing transaction-level fees that have long been standard among brokers and lenders.
