What NEXA Lending does

NEXA Lending operates as the largest mortgage brokerage in the United States, sponsoring a network of 3,453 licensed loan officers across 242 active branches in 48 states, with approximately $11 billion in loan originations over the trailing twelve months as of February 2026. Founded in 2017 by CEO Mike Kortas and headquartered in Chandler, Arizona (with a secondary office in Mesa), the company originates purchase, refinance, FHA, VA, USDA, jumbo, 203K, reverse, and specialty mortgage products on behalf of multiple wholesale lenders. Its primary customer is the sponsored loan officer, recruited through weekly virtual sessions, a Business Development Manager (BDM) program, joint venture partnerships, and what the company markets as the highest compensation splits in the industry; end consumers access the platform directly via digital rate tools, pre-qualification, refinance analysis, and a home search portal.

The technology stack centers on an Agentic AI platform combining Chat AI and Social AI for loan officers, an AI-powered point-of-sale system deployed in partnership with Bevri.ai (powered by Tidalwave's SOLO agent), and automated processing integrated with Fannie Mae and Freddie Mac's Day 1 Certainty framework. A Servicing-Aligned Income platform slated for July 2026 will allow affiliated loan originators to participate in residual revenue tied to long-term loan performance, while the February 2026 acquisition of FSBO.com creates a proprietary for-sale-by-owner lead channel. Distribution also includes a delegated correspondent channel (Sublime Mortgage Partners) and a non-delegated correspondent channel, with joint ventures such as Copper Ridge Ventures extending origination volume under an asset-light operating model.

Revenue is generated primarily through brokerage commissions on closed loans, sponsored loan officer fees covering compliance, licensing, and platform access, and an increasing share from joint venture economics and lead generation assets. Recent strategic activity—the executive appointments of a CSO, CFO, CAO, and EVP of VA Growth; acquisitions of FSBO.com and a phased stake in Copper Ridge Ventures; and the rollout of proprietary AI tooling—indicate a deliberate shift toward an asset-light, technology-enabled platform designed to scale origination volume while diversifying recurring revenue streams.

Name

NEXA Lending

Legal name

NEXA Mortgage LLC

Website

https://nexamortgage.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

NEXA Lending is the largest U.S. mortgage brokerage, sponsoring 3,453 loan officers across 242 branches in 48 states and originating roughly $11 billion annually. Revenue comes from brokerage commissions, sponsorship fees, joint venture economics, and an AI-enabled origination platform.

Ownership category

akta.pro rank

Product category

Mortgage Brokerage

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Retail Residential Mortgage Brokers (Purchase & Refinance) (FSALABAA)

akta.pro secondary industries

Wholesale Mortgage Lending (Broker Channel) (FSALACAA), Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)

Keywords

• Mortgage brokerage
• Residential lending
• Home loan origination
• Mortgage refinancing
• Wholesale lending

Headquarters

HQ city

Chandler

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Loan Origination / Brokerage Commissions: NEXA operates as a mortgage broker earning commissions on loans originated through its network of sponsored loan officers. The company earns spread/income on each closed loan, with loan officers receiving a portion of the commission through a compensation split model. The highest splits in the business are marketed to attract loan officers.
2. Loan Officer Sponsorship Fees: Revenue generated from sponsoring loan officers across 242+ branches in 48 states. Loan officers pay licensing, compliance, and platform fees to operate under the NEXA brand.
3. Servicing-Related Income Participation: A new initiative launching July 2026 that enables eligible NEXA-affiliated loan originators to participate in recurring revenue streams connected to long-term loan performance. This creates a residual/income stream aligned with loan servicing.
4. Marketing & Technology Platform Services: Providing turn-key marketing platforms, CRM systems, websites, and mobile apps to loan officers as part of the compensation package, with some premium features generating additional revenue.
5. FSBO.com Lead Generation: NEXA CEO Mike Kortas acquired FSBO.com (via FSBO Holdings LLC) to generate leads for the mortgage business, with lead discounts benefiting NEXA loan officers from the platform's home sale listings.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels10 records

Core offering

NEXA Lending is a wholesale mortgage brokerage that originates home loans through a network of sponsored loan officers operating in 48 U.S. states. The company provides residential and specialty mortgage products (purchase, refinance, FHA, VA, Jumbo, USDA, reverse, and niche programs for self-employed borrowers and investors), and equips its loan officers with proprietary AI-driven technology, compliance infrastructure, and lender relationships to originate loans on behalf of NEXA's wholesale lender partners.

Product overview

NEXA Lending operates as a full-service mortgage brokerage platform offering a comprehensive suite of loan products and digital tools. The core product portfolio includes purchase loans, refinance loans, and specialized mortgage products including Adjustable Rate Mortgages, Fixed Rate Mortgages, FHA Loans, VA Loans, Jumbo Loans, 203K renovation loans, USDA rural loans, and Reverse Mortgages. These are complemented by specialized programs such as NEXAdpa (down payment assistance), DrNEXA (doctor program), Bank Statement Programs (self-employed), NO DOC Programs (investors), Construction One Time Close, and Hard Money/Fix and Flip programs. The technology stack includes the Agenetic AI Platform (Chat AI and Social AI capabilities), the Bevri Point-of-Sale Platform (agentic AI for loan origination powered by TidalWave), and a Servicing-Aligned Income Platform for recurring originator revenue. Digital consumer-facing tools include Pre-Qualification Letters, Refinance Analysis, Payment Calculator, Home Value Estimate, and Home Search. The company also acquired FSBO.com (for-sale-by-owner platform) through FSBO Holdings LLC. NEXA University provides ongoing training for loan officers. The platform serves loan officers across 48 states with approximately 2,500+ loan officers and operates 242 active branches.

Differentiator

Problem solved

Functional benefit

Products and services

• Purchase Loans Home purchase financing products enabling individual borrowers to secure loans for property acquisitions through NEXA's sponsored loan officer network, utilizing competitive mortgage rates across multiple wholesale lenders.
• Refinance Loans Mortgage refinancing products allowing existing homeowners to lower interest rates, reduce monthly payments, change loan terms, or access home equity through cash-out options.
• Adjustable Rate Mortgage (ARM) Adjustable rate mortgage products with initial fixed periods (3/1, 5/1, 5/5, 7/1, and 10/1 options) before rates adjust periodically based on market conditions.
• Fixed Rate Mortgage Traditional fixed-rate mortgage products with constant interest rates and monthly payments that remain unchanged for the life of the loan.
• FHA Loans Federal Housing Administration insured mortgages with low down payment requirements, making homeownership more accessible to first-time buyers.
• VA Loans U.S. Department of Veterans Affairs guaranteed mortgages for eligible veterans and active service members, typically requiring no down payment with lower closing costs.
• Jumbo Loans Non-conforming mortgages exceeding Fannie Mae and Freddie Mac loan limits, with financing options available up to $3,000,000.
• 203K Loans FHA rehabilitation mortgages financing both home purchase and renovation costs in a single loan, enabling borrowers to buy homes in need of repairs.
• USDA Loans United States Department of Agriculture rural development loans offering 100% financing with no down payment required for eligible properties outside city limits.
• Reverse Mortgage (HECM)

Quantifiable outcome

• $11 billion originated in past 12 months (2025-2026)
• +4 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability7 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Copper Ridge Ventures (CRV)coreStrategic or Co-development Partner · 21 May 2026NEXA entered a strategic investment and phased acquisition agreement with Copper Ridge Ventures (CRV), a mortgage joint venture holding company owned by Tim Owens. Under the agreement, NEXA provides centralized support across marketing, compliance, licensing, technology, processing, and operations while CRV integrates NEXA's platform and systems. Columbia West Capital served as financial advisor to NEXA. The partnership builds on longstanding professional ties between Tim Owens and NEXA leadership and reflects broader industry consolidation as lenders seek asset-light operating models.
• TidalwavesupportingTechnology or Integration · 17 March 2026Tidalwave is an AI mortgage technology startup integrated with Fannie Mae and Freddie Mac systems. NEXA's Agentic AI platform (Bevri.ai) utilizes Tidalwave's infrastructure. A joint study by Tidalwave and Columbia University researchers found Tidalwave's AI agent SOLO achieved 84% accuracy on loan underwriting questions versus 71% for Claude 4.5. The study highlighted that generic LLMs using mortgage PII data pose privacy risks.
• FSBO Holdings LLCcoreStrategic or Co-development Partner · 12 February 2026FSBO.com, one of the longest-running for-sale-by-owner platforms in the country, was acquired by FSBO Holdings LLC led by NEXA CEO Mike Kortas with strategic partner Brad Rice (CEO of Homepie). The new entity plans a full platform overhaul including AI integration and simplified purchase contracts. No layoffs are planned at FSBO.com. The acquisition provides NEXA with a proprietary lead generation channel and lead discounts for NEXA loan officers.
• Bevri.aicoreTechnology or Integration · 11 February 2026Bevri.ai launched its agentic AI-powered Point-of-Sale platform for mortgage originators, with NEXA Lending as the first client. The platform automates data collection, income calculations, and underwriting logic in real time, running underwriting findings for Fannie Mae and Freddie Mac. NEXA initially ran a beta with the platform, and 150 additional loan officers were activated in the closed rollout phase ahead of planned expansion into the third-party origination (TPO) channel.
• United Wholesale Mortgage (UWM)coreChannel Partner/ Reseller/ DistributorNEXA operates as a wholesale broker channel partner for United Wholesale Mortgage (UWM), one of the largest wholesale lenders. CEO Mike Kortas addressed and denied recent industry rumors suggesting he was dissolving his relationship with UWM. Weekly 'WHY UWM' sessions are held to educate loan officers on the benefits of the UWM partnership. UWM is listed as a key resource on NEXA's employee dashboard.
• Brad Rice / HomepiesupportingStrategic or Co-development PartnerBrad Rice, CEO of Homepie, is a strategic partner in the FSBO Holdings LLC acquisition alongside NEXA CEO Mike Kortas. Homepie is a competing or complementary for-sale-by-owner platform, and the partnership combines the two platforms under FSBO Holdings LLC for an AI-enabled overhaul.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Paramount Residential Mortgage Group: One of the largest independent mortgage brokerages in the U.S., operating a wholesale/retail hybrid model with thousands of loan originators. Closest comparable to NEXA in business model: sponsored LOs, multi-state branch footprint, and broker-channel revenue structure.
• New American Funding: Large retail and wholesale mortgage lender with a substantial loan officer network across the U.S. Directly comparable to NEXA in serving consumer purchase and refinance demand with a multi-channel distribution model and similar specialty programs for self-employed and non-QM borrowers.

Broad incumbents

• United Wholesale Mortgage (UWM): The largest wholesale mortgage lender in the U.S. and NEXA's primary capital partner. While UWM funds loans rather than originating through retail brokers, it directly shapes NEXA's economics, rate sheets, and competitive positioning in the broker channel.
• loanDepot: Large multi-channel mortgage lender operating retail, wholesale, and direct-to-consumer channels (LDWholesale, Lending USA, and mello brands). Operates at scale comparable to NEXA's sponsored LO network and competes for the same loan officer talent pool.
• Guaranteed Rate: Top-10 U.S. retail mortgage lender with a large national loan officer network and direct-to-consumer digital origination. Comparable to NEXA in pursuing a hybrid retail/wholesale model with technology-enabled loan officer productivity as a core differentiator.
• Guild Mortgage: Large national retail mortgage lender with a multi-channel branch and loan officer footprint. Overlaps with NEXA in serving purchase and refinance consumers across most U.S. states with comparable product breadth and specializations.
• Rocket Pro TPO: The wholesale broker channel of Rocket Mortgage, one of the largest U.S. mortgage lenders. Directly comparable to UWM in funding broker-originated loans and competing with NEXA for sponsored loan officer relationships.
• NewRez: Top wholesale and retail mortgage lender (formerly New Penn Financial) serving brokers and consumers nationally. Operates a comparable multi-channel model to NEXA with significant broker-channel volume and technology investment in loan officer productivity.
• Homepoint: Wholesale mortgage lender focused on the broker channel. Comparable to UWM and Rocket Pro TPO as a capital provider for broker networks, and directly relevant to NEXA's wholesale funding options and competitive dynamics.
• Rocket Mortgage: The largest U.S. mortgage lender with a direct-to-consumer digital platform and the largest retail branch network. While NEXA operates in the broker channel rather than retail, Rocket competes for the same end-borrower demand and is now extending into TPO through Rocket Pro.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mortgagenexa
• Facebookfacebook.com/NEXALending
• LinkedInlinkedin.com/company/nexa-mortgage

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEXA Lending