NEXA100 Explained (2026): The Commission Split, the Ledger, and the Fine Print

How the split works

Most NEXA loans price at 275 bps total broker compensation on the wholesale side. Under NEXA100, the loan officer receives 220 bps as cash compensation and the remaining 55 bps (up to the 275 bps cap) is credited to a business-expense ledger for the LO's marketing and growth costs (HousingWire, MPA, BusinessWire).

Instead of surrendering a per-file split, you cover infrastructure through a small monthly platform fee and pass-through costs (E&O, technology, compliance). Because the monthly cost is fixed while your income scales per loan, NEXA100 economics tilt in the LO's favor as volume grows.

NEXA is a broker (with correspondent non-delegated capability), so on every loan you shop 300+ wholesale lenders on the panel and pick the best price and program for the borrower.

How NEXA100 actually works — including the fine print

NEXA100 launched in May 2024. Under it, the standard structure pays 220 bps to the loan officer in cash compensation, while the remaining 55 bps (up to the 275 bps cap) is credited to a business-expense ledger for the LO's marketing and growth costs — per CEO Mike Kortas's explanation to National Mortgage News: “Loan officers receive their normal comp and then we credit the rest to a ledger.” So “100%” refers to total revenue directed to the LO's benefit, not 275 bps of take-home cash. Some industry critics have called the framing “gimmicky” for this reason (National Mortgage News).

Remaining in the program has conditions. Per NEXA100 program materials, after the first six months loan officers must add one producing recruit per month and fund loans through select NEXA100 partner lenders to retain the program’s economics. Confirm current terms with your sponsoring team before joining.

Wider compensation range after May 2024. After NEXA became a non-delegated correspondent lender in May 2024, National Mortgage Professional reported the compensation structure became more flexible, with loan officers able to earn from 75 bps to over 300 bps per closed loan depending on the file and channel — a wider range on both ends than the standard 220–275 bps.

Channel note. NEXA100 loans run through NEXA's non-delegated correspondent channel with select partner lenders — an origination style with its own process differences compared to pure wholesale broker files.

This structure is why NEXA100 reads differently in marketing than in practice — it is a genuine increase in LO economics, with real strings attached that candidates should understand before joining.

The two states, reconciled. On a standard deal, NEXA's effective take is roughly 55 bps (a 25 bps funding/ops fee plus a 12% margin). On NEXA100-eligible loans — funded through the program's partner lenders — that remainder is instead credited to the loan officer's business-expense ledger for marketing and growth costs. In other words, NEXA100 doesn't change the 220 bps cash comp; it changes where the other 55 bps goes.

Two caveats from Renato Rodic's July 2026 breakdown. First, 220 net bps is a ceiling, not a guarantee — on competitive deals loan officers may voluntarily set comp lower to win on rate, so model your real average rather than the cap. Second, servicing revenue and recruiting revenue share exist on top of commission, but depend on loan mix, program eligibility, and sponsorship structure — don't count them in your take-home until you've modeled them.

Monthly costs and fees

Because there is no per‑file split, the honest question is: what does it actually cost me each month to be a NEXA loan officer? Below is the recurring cost stack. Where the company's exact list price changes over time, we mark it [VERIFY] so you know to confirm before joining.

There is no per‑loan file fee under NEXA100 — the monthly stack above is the total recurring cost. What you spend on marketing, leads, and any personal software beyond that is your own P&L.

Whether fixed fees matter depends on volume — on one or two small loans a month they sting; at high production they're a fraction of a percent of annual commission.

Worked example: what you'd earn on a $400,000 loan

Below is Renato Rodic's exact line-by-line math from his July 2026 public comp breakdown, priced on a $400,000 loan at the 275 bps cap. Figures are illustrative and assume the standard structure; your real numbers depend on loan mix, program eligibility, and any voluntary rate concessions.

1. Gross commission (2.75%) = $400,000 × 2.75% = $11,000
2. Minus 25 bps to NEXA (funding/ops) = −$1,000
3. Minus 12% margin on the remainder = −$1,200
4. Net to loan officer = $8,800 (220 bps)

NEXA's effective take on a standard deal is roughly 55 bps, per Renato Rodic's published breakdown (July 2026).

If you price the same loan at 200 bps instead of 275, gross broker comp is $8,000, and the entire amount flows through the 220-cash / ledger structure at pro-rated levels rather than a 20–50% retail-style company split.

Source: Renato Rodic's line-by-line breakdown

The math above is transcribed from Renato Rodic's public Facebook post in July 2026, in which he walks through NEXA's take on a $400,000 loan at 275 bps step by step — the 25 bps funding/ops fee, the 12% margin, and the $8,800 net to the loan officer. It is the primary source for the numbers on this page.

The embed below is the original post; if it does not load, the post is here.

W‑2 vs 1099 at NEXA

NEXA lets you choose how you're paid. Both routes use the same NEXA100 economics; the difference is tax treatment and benefits.

How this compares to a typical retail lender split

A common retail loan officer comp plan is 60–100 bps per funded loan (with company‑provided leads and salary in some cases). Here's the same $400,000 loan under each model:

The tradeoff is real: retail lenders typically provide inbound leads and infrastructure; NEXA gives you the full commission and you generate your own business (usually with your team's help). See the For Loan Officers page for the fit analysis.