WHY NEXA Mortgage | The MLO Career Opportunity

WHY NEXA MORTGAGE

Unlimited compensation and access to additional income opportunities
Work remotely from your home, office, or anywhere else
Get paid as a 1099 Independent Contractor or W-2 Employee
260 lenders partners let you offer great rates to win business
Access to specialty loan products so you have a solution for every borrower
Get paid fast - 2 to 5 days after loans are completed
Sales training and marketing resources to help you get borrowers
Assistance from seasoned loan officers available live 6 days a week
AI tools to maximize your efficiency and help you bring on clients
Live online training, recorded videos, and PDF educational materials
Corporate leadership that delivers improvements every single week
Be your own boss, choose how you do business, set your own hours
Build your own bran, use your own team name or DBA, use your own URL
Optional training program for those transitioning from retail
Get paid referral fees for loans in states you aren't licensed in
Ability to do non-delegated corespondent loans and control margin spread
Earn extra dollars to assist you with marketing and operation costs
Choose your own CRM, LOS, and other tools
Training program for new MLO's and those coming from retail
Internal Facebook group for getting help from fellow NEXA MLO's
Weekly town hall with updates from management and Q&A session
Automated HELOC's that let you get paid for borrowers self-served loans

This Opportunity Is Not For The Meek or Timid

NEXA MLO's are independent loan officers who operate as their own business while being part of the NEXA Mortgage organization.

Every MLO is expected to generate their own business. You will not be given leads or incoming calls to work, NEXA will provide you training and ongoing support on on how to generate your own business. We also have a business development team that will work to generate you leads for a fee.

NEXA and its lenders will provide marketing materials, social media posts, guidance on recruiting realtor partners and other lead sources. There are weekly sales and training sessions available to help you enhance those skills.

As an independent MLO you are responsible for any costs associated with your employment. NEXA charges an $80 monthly fee to cover your Google Business package which includes your company email account and your loan origination software (LOS). This fee is waived for your first 3 months, and may be eliminated or reduced in the future. It will be deducted from your commissions.

If you decide to join NEXA there is an $80 background check fee and a $40 licensing fee for each state you are licensed with.

Once hired, you may incur additional costs for additional services you choose to purchase, or leads you pay for. You may incur charges for credit reports or other loan related fees that you aren't always able to charge borrowers for up front.

MLO's only get paid after a loan has closed and all the paperwork is completed & submitted and the lender has paid NEXA the commission. While some loans are completed in 2 weeks, many take 2 to 5 months from pre-approval to closing. You may work months on a loan that does not close and not get paid anything for it.

In exchange for these risks and expenses you get the ability to create a high paying career for yourself. A $300k loan can pay as much as $8,250 in commission. A $500K loan can pay $13,750 in commission. While getting 100% commission is possible, those only receiving 70% of the commission would earn $5,775 on the $300k loan and $9,625 on the $500k loan. The opportunity is there for those willing to take it. New NEXA MLO's receive 100% commission on eligible loans for their first 6 months.

Complete this form to receive more information

Our NEXA Academy Training is unparalleled

Live, online instruction is available for new MLO's and those transitioning from retail lenders or banks. You can ask the instructors questions and they will guide you through your initial loans. You will be given a mentor who you can contact anytime for assistance. Inexperienced MLO's are required to participate in the training program. It is optional for those switching from other lenders or financial institutions.

There is no cost for the academy, but a portion of your commission for your first 6 loans will be shared with your instructors. After you close your 6th loan you graduate from the academy and will receive your full commission going forward.

For full details on the training program you can log into our weekly zoom session for academy prospects with a Q&A session at the end for any questions you have.