“We are always looking for ways to make lenders’ jobs simpler and partnering with Calyx presented a great opportunity to share the benefits of FirstClose ONE,” said Tedd Smith, chief executive officer and co-founder of FirstClose. “We always enjoy working with other innovative companies that recognize the need to constantly be improving efficiencies and we are honored they chose us to help them accomplish that.”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
NEXA Lending's acquisition of UMortgage, is more than a combination of two prominent broker-channel companies. It also presents a model for other independent brokerage owners weighing the benefits of scale against the cost and complexity of operating alone.Under the deal ann...
Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume
Mortgage applications for newly built homes lost ground in July, another indication that builder incentives are struggling to overcome buyers’ sensitivity to elevated mortgage rates.Applications for new-home purchases declined 5.7% from July 2025 and 1% from June, according ...
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