NEXA Commission Split Explained (NEXA100 & 275 bps)
How the NEXA100 plan, the 275 bps per loan, and W-2 vs 1099 pay actually work — and the real monthly cost.
How the NEXA100 plan, the 275 bps per loan, and W-2 vs 1099 pay actually work — and the real monthly cost.
- Under NEXA Lending's NEXA100 plan, loan officers keep 100% of their commission split with no per-file cut, earning up to 275 bps per loan.
Short answer: NEXA Lending (formerly NEXA Mortgage) pays its loan officers on the NEXA100 plan — you keep 100% of the commission you negotiate on each loan, up to 275 basis points (bps), with no per-file split taken by the company. In exchange, you cover a small monthly technology stack and your own marketing, and you can be paid either W‑2 or 1099 (HousingWire, MPA, BusinessWire).
How the split works
Most mortgage companies pay you a percentage of the commission you generate and keep the rest. If you earn 250 bps on a loan and your company runs a 70/30 split, you keep 175 bps and they keep 75. Under the NEXA100 plan, that back‑end split is eliminated: NEXA keeps 0 bps of the loan commission itself and you keep the full amount you priced the loan at, up to the 275 bps cap.
Instead of taking a slice of every file, NEXA charges a flat monthly platform fee and a small set of pass‑through costs (E&O insurance, technology, compliance). That is the trade — you cover the infrastructure directly rather than surrendering a share of each commission. The math flips heavily in your favor as your volume grows, because the monthly cost is fixed while your income scales per loan.
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.
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.
| Line item | What it is | Monthly cost |
|---|---|---|
| NEXA platform fee | Base seat on the NEXA100 plan | [VERIFY: current monthly platform fee] |
| E&O insurance | Errors & omissions coverage per LO | [VERIFY: current E&O monthly amount] |
| Arive LOS | Loan origination system used across NEXA | [VERIFY: Arive seat cost] |
| CRM / marketing stack | CRM + drip / marketing tools | [VERIFY: CRM cost, if not covered by team] |
| Compliance & technology surcharge | State compliance + tech pass‑through | [VERIFY] |
| Realistic out‑of‑pocket on Renato Rodic's team | After team‑covered onboarding & marketing | ~$80–$103/month |
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.
Worked example: what you'd earn on a $400,000 loan
Let's price a single conventional purchase at $400,000 at a typical broker compensation level. Numbers below use the 275 bps NEXA100 cap so you can see the maximum; adjust downward for whatever you actually price.
- Gross commission = $400,000 × 2.75% = $11,000
- NEXA back‑end split = 0% (NEXA100 keeps nothing)
- Per‑file fee = $0
- Loan officer take‑home before monthly costs = $11,000
- Monthly platform stack (allocated to this one file, assuming ~$100/month) = −$100
- Net commission on this loan = ≈ $10,900
If you price the same loan at 200 bps instead of 275, gross commission is $8,000 and net is roughly $7,900 — still the full commission minus the flat monthly cost, not minus a 20–50% company split.
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.
| W‑2 | 1099 | |
|---|---|---|
| Tax withholding | NEXA withholds federal & state | You pay quarterly estimated taxes |
| Payroll taxes | Employer pays half of FICA | You pay full self‑employment tax |
| Benefits access | Group health / 401(k) eligibility [VERIFY: current benefits menu] | You buy your own |
| Business expense deductions | Limited (unreimbursed employee) | Full Schedule C / entity deductions |
| Best for | LOs who want simplicity, benefits, steady withholding | LOs running as an S‑corp/LLC who want maximum deductions and flexibility |
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:
| Model | Comp rate | Gross | Split kept by company | Net to LO |
|---|---|---|---|---|
| Typical retail (low) | 60 bps | $2,400 | 0% of already‑reduced comp | $2,400 |
| Typical retail (high) | 100 bps | $4,000 | 0% | $4,000 |
| NEXA100 (mid) | 200 bps | $8,000 | 0% | ~$7,900 (minus monthly) |
| NEXA100 (max) | 275 bps | $11,000 | 0% | ~$10,900 |
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.
Frequently asked questions
Is there a monthly fee?
Yes — a flat monthly platform stack (see the table above). On Renato Rodic's team the realistic out‑of‑pocket after the intro waiver is roughly $80–$103/month. There is no per‑file split.
Are there per‑file fees?
No per‑file split under NEXA100. Any lender‑charged fees are passed through to the loan itself, not deducted from your commission.
Do new LOs get a different split?
The 100%/up‑to‑275 bps NEXA100 economics apply to all originating LOs. New LOs (no prior production) go through NEXA University — a required coaching phase — and typically ramp on their sponsoring team's onboarding path. [VERIFY: current NEXA University tuition / structure for brand‑new LOs.]
When do you get paid?
Commissions are paid after the loan funds and NEXA is paid by the wholesale lender — typically within a few business days of funding. [VERIFY: exact pay‑cycle language currently in the LO agreement.]
Can you build a team / downline?
Yes. When you recruit a loan officer to NEXA under you, you earn 10 bps every time they fund a loan, down three levels — real passive income that stays yours even if you or they later move. See the How to Build and Recruit a Mortgage Team guide.
Frequently asked questions
Is there a monthly fee?
Yes — a flat monthly platform stack (platform seat, E&O, LOS, tech). On Renato Rodic's team the realistic out-of-pocket after the intro waiver is roughly $80–$103/month. There is no per-file split.
Are there per-file fees?
No per-file split under NEXA100. Any lender-charged fees are passed through to the loan itself, not deducted from your commission.
Do new LOs get a different split?
The 100% / up-to-275 bps NEXA100 economics apply to all originating LOs. New LOs go through NEXA University, a required coaching phase, and typically ramp on their sponsoring team's onboarding path.
When do you get paid?
Commissions are paid after the loan funds and NEXA is paid by the wholesale lender — typically within a few business days of funding.
Can you build a team or downline?
Yes. When you recruit a loan officer to NEXA under you, you earn 10 bps every time they fund a loan, down three levels — passive income that stays yours even if you or they later move.
References
- HousingWire — NEXA to give 100% of commission split to loan officers
- Mortgage Professional America — No more commission cuts: NEXA offers loan officers 100% splits
- BusinessWire — NEXA Mortgage, the Nation's Largest Mortgage Broker, Launches NEXA100
- NMLS Consumer Access — verify NEXA (company NMLS #1660690)
NEXA Commission Split Explained (NEXA100 & 275 bps). Ask About NEXA. https://askaboutnexa.com/guides/nexa-commission-split-explained. Last updated July 10, 2026.