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NEXA Comp & Expenses

NEXA LO's have options for comp plan and how they price their loans.  The typical pay plan has a top commission payout of 275bps of the loan amount.  We offer pricing flexability allowing you to do loans at  a lower comp rate and offer more competitive rates.

A portion if your comp is shared with NEXA, however there are multiple opportunities  for you to get 100% of your commission, less taxes and any fees that may apply.

NEXA now gives its LO's the ability to earn monthly revenue from the servicing of your closed loans providing you automatic recurring payments while giving you complete visibility into the loan and the ability to maintain your relationship with the borrower.  

Because NEXA offers unlimited pay and lets you keep the bulk of your commission, you are responsible for all costs associated with your employment. 

There is a $80 monthly fee to cover your essential technology services provided by outside companies.  THIS FEE IS WAIVED FOR YOUR FIRST 3 MONTHS. After that the fee will be deducted from your loan commissions. We are working on reducing or eliminating this fee so it may not apply in the near future.

You are also responsible for any additional services, tools, or marketing programs you choose to use. NEXA provides discounted services you can  purchase, or you can utilize outside services of your choice.

We offer a training university for loan officers transitioning from retail lending which includes an assigned mentor to help you successfully   pivot to brokering loans and independence . Your mentor is available via phone, text, email and Zoom.  Training is done via zoom so you can work from anywhere.  Training includes: