NEXA Lending News
Latest announcements and coverage
Geri Farr Named CEO of NEXA Lending
NEXA Lending has named Geri Farr chief executive officer, with founder Mike Kortas moving fully into the executive partner role — a transition first signaled after the UMortgage acquisition.
Mortgage Nerds Joins NEXA Lending, Keeping Its Own Brand
Mortgage Nerds, LLC, the VA-focused mortgage team led by Mike Cox and Brian Hofmann, has joined NEXA Lending while keeping its own brand — NEXA's latest team addition following the UMortgage acquisition.
NEXA Revenue Share Passes to Families — and the Thursday Call's 8-Year Streak
NEXA's revenue share passes to loan officers' estates rather than ending at death, with twelve families currently collecting payments from deceased producers — and the company's weekly call has not missed a week in eight years.
NEXA Removes Volume and Recruiting Requirements in Comp Changes #14 and #15
NEXA has eliminated the $2M correspondent volume threshold and launched NEXA 100 UNLIMITED — seven lenders paying 100% of revenue with no volume or recruiting requirement, effective September 1, 2026.
Two Rivals, One Platform: Inside NEXA's Acquisition of UMortgage
NEXA Lending has acquired UMortgage, adding 246 loan officers and $2.05B in annual volume — bringing NEXA to 4,047 LOs. Anthony Casa joins as executive partner. Full deal details, the earnout structure, and what the founders said.
NEXA Targets loanDepot Loan Officers With NEXA100 Offer as Activist Pressure on the Lender Mounts
NEXA Lending CEO Mike Kortas announced a targeted recruiting offer for loanDepot loan officers: one year of NEXA100 plus a signing bonus. The offer arrives as activist investor Randian Capital urges loanDepot's board to explore strategic alternatives, including a possible sale.
NEXA Lending and Co-Founder Mat Grella Settle Legal Dispute
NEXA Lending CEO Mike Kortas has reached a global settlement with former co-founder Mat Grella, ending a multi-year legal dispute over ownership and control of the brokerage, according to a July 2026 HousingWire report.
Renato Rodic's Downline Closes $16.5 Billion in Loan Volume Since 2020
Renato Rodic reports the loan officers in his NEXA downline — 10 levels deep — have closed over $16.5B across 52,000+ loans since 2020, equal to roughly 43% of all NEXA volume since 2023 per his July 2026 post.
NEXA Lending Celebrates 3,700 Loan Officers Milestone
NEXA Lending has crossed 3,700 mortgage loan originators — a milestone that cements its position as one of the fastest-growing broker-owned platforms in the United States.