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NEXA Lending

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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Reverse Mastermind Summit looks to spark an LO renaissance

HECM, HWmember, Loan Officer, NEXA Lending, NRMLA, Reverse, Reverse Focus, Reverse Mortgage Daily /

Reverse mortgage veterans Loren Riddick and Shannon Hicks are launching a new event this spring that aims to increase loan officer sales skills across the Home Equity Conversion Mortgage (HECM) and proprietary loan spectrum. The Reverse Mastermind Summit — scheduled for May 5-7 in Riddick’s hometown of Knoxville, Tennessee — will feature several big-name speakers

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NEXA Lending sues former president over ’employee raid’

HWmember, Legal, Mike Kortas, Mortgage, NEXA Lending /

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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