The Arizona-headquartered broker said the new program represents a radical departure from traditional mortgage industry compensation models that typically see companies keeping a substantial cut of loan officers’ commissions. Since its founding in 2017, NEXA Mortgage has grown to over 2,500 loan officers nationwide.
“NEXA100 is about giving our teams of loan officers and branch managers trust,” said Jason duPont, branch manager and NEXA executive partner. “Our teams will get up to 100% 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.”
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Michael Neill, NEXA’s director of correspondent lending, highlighted the boldness of rolling out such an aggressive commission structure.
“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,” Neill said. “We don’t believe that.”
