Ready to join & accelerate your career?
Follow these simple steps:
- Explore a one-on-one introduction call with your recruiter sponsor (schedule here)
- Review our live systems, resources, products, & pricing (register here)
- Attend a live presentation to learn and ask questions about NEXA Mortgage
- Why NEXA (Zoom schedule here)
- Discover NEXA (trip schedule here)
- *Why NEXA University (schedule)
- *Required attendance if less than $50k MLO income in last 12 mo
- Review the contracts for employment
- Loan Officer Employment (W2)
- Loan Officer Contractor (1099)
- 1099 not allowed if NEXA sponsors your license(s) in:
- GA, IL, IN, MS, MT, NV, NJ, NC, RI, SC, VT (state rules)
- Dual Employment (e.g. Realtor & LO)
- Standard Team Agreement (branches)
- Employment Application (all)
- Credit Card Authorization (all)
- Questions? Visit with your recruiter sponsor (schedule here)
- Start the onboarding process
- Have ready either your a) passport or both your b) state ID/license and c) social security card
- Make sure you’re “web camera ready” for ID verification
- Visit Onboarding in Zoom (Mon-Fri 6am-6pm AZ time) (enter here)
- The onboarding agent will need the name of your recruiter sponsor
- Follow the onboarding agent’s guidance to join the company & sponsor your NMLS license(s)
- Communicate with both your onboarding agent & recruiter sponsor for all updates & questions
- After fully onboarded, attend all three LIVE ZOOM mandatory compliance classes:
- Onboarding & Retail to NEXA (every Mon 9am-11am AZ time) (Zoom here)
- Intro to Accounting & Payroll (every Wed 9am-11am AZ time) (Zoom here)
- Marketing & Compliance 101 (every Thur 9am-11am AZ time) (Zoom here)
- Note: attend all classes within three weeks after fully onboarded sponsorship to avoid suspension
- Brand new to mortgage originating? Get your NMLS license:
- Get started with your NMLS license (start here)
- Complete your licensing education (discount here)
Let us help you with your decision to come aboard and grow.
Attend all of our live meetings and trips!
- Link for “Purrfect Recruiting Services” Wednesday’s Rose Loan Calendly + Zoom\Google Meet link
- Live tips & techniques: Grow your passive income network by recruiting loan originators!
- Link for Why NEXA Thursday’s Rose Loan Calendly + Zoom\Google Meet link
- Learn how you will succeed as an originator at NEXA Mortgage! Live Zoom with Q&A.
- Link for Why NEXA University Friday’s Rose Loan Calendly + Zoom\Google Meet link
- Learn about our full A to Z training & support for all originators! Live Zoom with Q&A.
- Link for Discover NEXA UWM Trip Rose Loan Google Form (ClientTravel@UWM.com)
- Red Carpet treatment: Flight, hotel, meals are covered! Meet & learn about NEXA in person!
- Link for NEXAride Guest & NEXAn Registrations & Rules Rose Loan Google Form
- Flying out to UWM in Pontiac, MI for a NEXA event? We’ll transport you to/from airport!
Register your free account for full access to our live back office product, pricing, and support system.
Search our over 250 lenders/investors (and counting) by loan product type, state, and more.
Price out live scenarios using our Rate Checker
Veteran originator support coaches provide live systems and product scenario support & training.
New to wholesale/broker lending? For 55bps, use “Right Path.” A support coach walks you through origination from A to Z while teaching you the whole process along the way.;
Feel free to connect with any available account rep, vendor, or support coach live via Zoom and ask questions.
We offer diverse income opportunities including:
- Loan Origination Commissions
- Recruiting Partnership Revenue-Share
- 100% Bonus Payouts
- Branching/Teams
No Hidden Fees: Our loan product pricing includes no holdbacks, padding, junk fees, or admin fees. (Tap here to access our live Pricing Rate Checker)
Who Can Benefit?
- New Loan Originators (training provided)
- Experienced Loan Originators
- Teams, Branches, and Established Mortgage Companies
Flexible Branding: Keep your existing team or company name, or create a new one with or without a DBA.
Tap the image for a visual summary.
(See COMMISSION PLAN and PARTNERSHIP PLAN sections for details and calculators.)
COMMISSIONS INFO
Loan Origination Types:
- Brokered: Max 275bps margin; 100% bonuses on monthly volume over $3MM.
- Correspondent: No max margin, 100% bonuses on monthly volume over $2MM.
- 100% bonuses monthly volume requirement is lowered at each Partner Level.
- NEXA100: Correspondent loans qualify for immediate 100% bonuses.
- All loans with MLB where Secured Mortgage Processing (SMP) is used.
- All loans with UWM or EPM when Growth Partner achieved for the month.
For Individuals:
- You set compensation levels directly with the company.
- 100% bonuses paid to your ledger.
For Teams/Branches:
- Manager sets comp levels and splits with MLOs.
- Branch volume pooled for 100% bonuses qualification to branch ledger.
Virtual vs. Physical:
- Virtual teams require no physical location or additional financial burdens.
- Physical branches need 2-mo reserves, manage finances, and NMLS compliance.
Notes:
- Brokered: funded and underwritten by investor. (third party origination)
- Correspondent: funded by NEXA; underwritten by investor. (non-delegated)
- We control full underwriting pods at top investors.
- We provide full transparency on purchase advice income.
Detailed Explanations: For more on splits, bonuses, and scenarios, refer to the COMMISSION PLAN section.
PARTNERSHIP INFO
- Opportunity for revenue-share from recruited loan originators, teams, and branches.
(Tap image below for a visual summary)
Loan Origination Types:
- Brokered:
- Max 275bps margin
- 100% Bonus volume starts @ $3MM
- Correspondent:
- No max margin
- 100% Bonus volume starts @ $2MM
- NEXA100: (see below)
The compensation formulas are simple:
Residential Loans:
- 88% * (margin – 25bps) = LO comp
- 25bps = company profit
- 12% * (margin – 25bps) = revenue share
- Example: $500,000 loan @ 275bps margin
- 275bps margin = $13,750 margin
- 220bps comp = $11,000 LO comp
- 25bps profit = $1,250 profit
- 30bps rev share = $1,500 rev share
- See the Comp Calculator below for more.
Commercial Loans:
- 80% * gross income = LO compensation
- 20% * gross income = company profit
- No revenue share on commercial loans
- Volume does count towards 100% bonus
- Unit does count towards Partner Level
- see Partnership Plan for details
- Commercial loan definition:
- 5+ unit residential properties
- Properties not zoned residential
100% Bonuses:
- Profit + revenue share = 100% bonus
- Paid on all volume above the monthly goal
- Monthly goal lowered at each Partner Level
- Branch/Team bonus on LOs pooled volume
- LO not on branch/team; bonus to the LO
- Partner rev share is still paid to upline!
- Example on margin of 275bps:
- LO compensation = 220bps
- Profit + revenue share = 55bps
- 55bps = LO/branch/team 100% bonus
- Use funds for any legal business use
NEXA100 Bonuses:
- Same as 100% Bonuses above, except . . .
- Paid on all correspondent loans funded at
- MLB when one of these is used
- Secured Mortgage Processing
- Growth Partner level achieved
- UWM when Growth Partner achieved
- EPM when Growth Partner achieved
- see Partnership Plan for details
- MLB when one of these is used
- No monthly volume goal requirement!
Overages:
- Applies to all residential . . .
- Lender paid loans
- or LO comp set to 300bps
- When LO comp formula exceeds . . .
- Lender paid LO comp agreement
- or 300bps
- Overage amounts are bonused to ledger
- Example 290bps margin @ 220bps LO comp
Fortune 500 level benefits are available to all full-time W2 employees only.
Full time is defined as having closed an average of at least two loans per month.
Benefits are not available to 1099 contractors at this time.
Review benefits documents and videos here:
Ready to join & accelerate your career?
Follow these simple steps:
- Schedule a one-on-one introduction call with a recruiter [Calendly]
- Attend a live presentation to learn and ask questions about the NEXA Mortgage opportunity
- Why NEXA (live Zoom presentation every Thursday 11am AZ time) [Calendly]
- (optional) Discover NEXA paid trip to UWM in Pontiac, MI [Google form]
- *Why NEXA University (live Zoom presentation every Friday 11am AZ time) [Calendly]
- *Required only if less than $50k loan origination income in last 12 months
- Attendance is taken, so be sure to be on time and participate
- Join the company by visiting Onboarding at any time
- Have ready either your a) passport or both your b) state ID/license and c) social security card
- Visit Onboarding in Zoom to start the process (click here)
- Be sure to tell the onboarding agent the name of your recruiter sponsor
- Follow the onboarding agent’s guidance to join the company & sponsor your NMLS license(s)
- Communicate with both your onboarding agent & recruiter sponsor for all updates & questions
- After you are sponsored and activated with NEXA, attend all three mandatory compliance classes
- Onboarding & Retail to NEXA (live Zoom class every Monday 9am – 11am AZ time) (click here)
- Intro to Accounting & Payroll (live Zoom class every Wednesday 9am – 11am AZ time) (click here)
- Marketing & Compliance 101 (live Zoom class every Thursday 9am – 11am AZ time) (click here)
- Note: failure to attend all classes within three weeks after sponsorship & activation will result in suspension of access to origination systems
- To get NMLS licensed:
- https://mortgage.nationwidelicensingsystem.org/slr/resources/sitepages/GettingStartedStateMLO.aspx
- Discounted Licensing Education: https://mortgageeducators.com/index.php?option=com_content&view=article&id=389&Itemid=101
