NEXA Announces Two More Loan Officer Compensation Changes
Mike Kortas says comp plan changes #14 and #15 will be revealed at NEXA's town hall — the fourteenth and fifteenth improvements to loan officer compensation.
NEXA CEO Mike Kortas has announced that two further changes to loan officer compensation — the company's fourteenth and fifteenth such revisions — will be detailed at NEXA's upcoming town hall. Kortas described them as the most significant compensation announcement the company has made to date.
The changes follow a period of rapid growth: NEXA passed 4,000 loan officers this month and completed its acquisition of UMortgage, adding 246 originators and roughly $2.05 billion in annual volume.
NEXA has revised loan officer compensation repeatedly as its volume has grown, with the NEXA100 program — introduced in 2024 — the most substantial prior change.
Details of changes #14 and #15 had not been made public at the time of publication. This item will be updated once the specifics are announced.
Source: Mike Kortas, public Facebook post (view post).
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