UMortgage

Farr takes over day-to-day operations while Kortas focuses on acquisitions, partnerships, new businesses, and LO economics

NEXA Unlimited drops key production and recruiting requirements as the company bets its growing scale can support a broader 100% revenue model

Kortas relinquishes the CEO title, elevating Casa to co-equal "executive partner"

UMortgage will retain its brand and sales culture while moving onto NEXA’s larger operating platform, a model NEXA is openly pitching to other broker owners

UMortgage’s new offering features transparent compensation, capped corporate margins, and integrated CRM support, aiming to help independent brokers scale operations and capitalize on continued growth in the third-party origination channel

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.