Mike Kortas calls loanDepot a "sinking ship" in social media post while promoting NEXA's recruiting package as the two companies remain embroiled in litigation
Tagged: NEXA Mortgage
The settlement ends a multiyear legal battle between the co-founders of NEXA Lending
New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools
The phased deal gives independent loan officers a new path into joint venture origination — without the back-office build
Former Be My Neighbor co-founder and Vetted VA advocate will scale VA lending at NEXA as the brokerage already outpaces the market with 11.5% of production in VA loans
More than 300 NEXA Lending originators are already active on the platform
Private equity investment to support technology, expansion, and potential acquisitions across the broker platform
The independent mortgage brokerage plans a phased rollout beginning as early as July 2026, giving affiliated originators a new pathway to recurring servicing-related revenue
Kortas suggested loan officers could begin receiving leads almost immediately after technical integration.
Designed not just to collect borrower information, but to actively coordinate tasks across the front end of the mortgage process