"We are a non-delegated correspondent lender, funding 60% with our own warehouse lines. We have the same mission as retail LOs to serve borrowers but we can serve them with wholesale rates, Kortas said. Retail or wholesale, it's the same FHA loan it's just a matter of who's making more money on the margin in between. NEXA Lending can offer LOs 100% commission because of the way the company is structured, Kortas said, noting that NEXA has no middle management and no debt."
"And as a non-delegated correspondent lender, NEXA Lending avoids the risk associated with making loan decisions, while benefiting from choosing the underwriters it wants to work with. I get to choose which underwriting to group to work with because we can take it to someone else and we don't have to wait TRID days. So I would argue we have more control because we're not defined by one underwriter, Kortas said."
NEXA Lending aims to move large retail producers into the wholesale channel by highlighting wholesale pricing and loan officer financial upside. The firm operates as a non-delegated correspondent lender and funds 60% via its own warehouse lines while avoiding underwriting risk. The company provides 100% commission to loan officers through a lean structure without middle management or debt. NEXA selects underwriters flexibly to reduce TRID delays and keep workflow and funding control. The rebrand uses black-and-white assets to signal transparency. The strategy focuses on growing wholesale by appealing to large producers with price, choice, and clarity.
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