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Mike Kortas

NEXA Lending targets recurring income model for loan originators

HWmember, Loan Officer, Mike Kortas, Mortgage, Mortgage Servicing, MSRs, NEXA Lending, Origination, Servicing /

NEXA Lending announced Friday that it’s developing a new initiative aimed at allowing loan originators to participate in recurring income tied to the long-term performance of the loans they originate. The initiative, described as a “servicing-aligned income model,” is expected to begin rolling out as early as July 2026, the company said. The program centers […]

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NEXA Lending CEO Mike Kortas explains why he’s buying shell companies

HWmember, Mike Kortas, Mortgage, Mortgage Broker, NEXA Lending, Origination /

NEXA Lending CEO Mike Kortas is in the process of acquiring several shell companies to build joint ventures, he said in an exclusive interview with HousingWire on Monday.  “They are for multiple JVs with large teams, agencies, builders and strategic partnerships,” Kortas said without providing details on each transaction, which he said will be announced

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NEXA Lending sues former president over ’employee raid’

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NEXA Lending, formerly known as NEXA Mortgage, is accusing several former NEXA loan officers, managers and former president Mat Grella of executing a coordinated “employee raid” to harm its business. The suit, which was filed on Nov. 5 in Arizona’s Maricopa County Superior Court, claims that Grella, former branch manager Gregory Nichols and Michigan-based Platinum

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Tammy Richards joins NEXA Lending as chief strategy officer

HWmember, loanDepot, Mike Kortas, Mortgage, NEXA Mortgage, People Movers, Tammy Richards /

NEXA Lending is continuing to shake up its leadership by adding Tammy Richards to its team as chief strategy officer. The news follows several other leadership announcements for the Arizona-headquartered company. Most recently, NEXA announced a rebrand from NEXA Mortgage to NEXA Lending. Richards confirmed the news on her LinkedIn page and NEXA CEO Mike

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NEXA Mortgage rebrands to NEXA Lending, but it’s not a pivot to retail

HWmember, Mike Kortas, Mortgage, NEXA Mortgage, Origination, Wholesale Lending /

Mike Kortas wanted to be clear as he announced the company’s rebrand from the stage at NEXA Fest 2025: the company is not going into retail. The name change — from NEXA Mortgage to NEXA Lending — could seem like the prelude to lending in a new channel, but Kortas said it was actually a

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