NEXA MORTGAGE Has New 100% Payout For MLOs

[Gustan]

NEXA Mortgage offers a unique commission structure for loan officers, which is often referred to as the “100% Commission” model. Here’s how it typically works:

1. 100% Commission: Loan officers at NEXA Mortgage can earn up to 100% of the commission from the loans they close. This is distinct from many traditional mortgage broker models where the commission is split between the loan officer and the brokerage firm.

2. Fee Structure: To support this model, loan officers usually pay a flat fee per transaction or a monthly fee to the brokerage. These fees cover the brokerage services, administrative support, technology tools, compliance, and access to a wide range of lenders. The exact structure of these fees can vary based on the services provided and the specific arrangements of the brokerage.

3. Broker vs. Banker: NEXA Mortgage operates as a broker, not a lender. This means they facilitate loans with various lenders rather than lending directly. This model allows loan officers to offer a broad range of products and competitive rates to their clients.

4. Flexibility and Independence: Since loan officers are working primarily on a commission basis without a traditional salary, they typically have more flexibility in their working hours and business strategies. This model is designed to attract experienced loan officers who have a solid client base and who are capable of generating their own leads.

5. Support and Training: Despite the independent nature of their work, loan officers at NEXA Mortgage often have access to extensive support and training resources. This can include marketing tools, CRM systems, loan processing support, and continuing education programs.

6. Earnings Potential: The potential for high earnings is a significant draw of this model. Since loan officers keep most of their generated commission, their income is directly tied to their productivity and the volume of loans they close.

This commission model is particularly attractive to seasoned loan officers who prefer greater autonomy and have the capability to manage their business effectively. It’s also important for anyone considering this model to understand the associated costs and responsibilities, as these factors can significantly impact net earnings.

If you’re considering working under this model or utilizing NEXA Mortgage’s services, it would be beneficial to directly contact them or visit their website for the most accurate and detailed information regarding their specific terms, fees, and operational structure.

[Bruce]

NEXA Mortgage offers a range of career opportunities for loan officers, known particularly for its attractive commission model and supportive environment. Here’s a breakdown of the potential career opportunities and benefits for loan officers considering joining NEXA Mortgage:

1. Commission Structure: NEXA Mortgage is notable for its 100% commission model, which allows loan officers to retain the entirety of the commission earned on the loans they close, minus transaction fees or monthly desk fees. This structure is particularly appealing to experienced loan officers with established client bases.

2. Flexibility: Loan officers at NEXA enjoy a high degree of flexibility in how they manage their schedules and operations. This setup is ideal for self-motivated individuals who prefer to work independently or remotely.

3. Wide Range of Products: As a broker, NEXA Mortgage provides access to a diverse range of lending products from various lenders. This diversity allows loan officers to better serve their clients by offering competitive rates and products tailored to specific needs.

4. Technology and Support: NEXA invests in technology and support systems to help loan officers manage their workflow efficiently. This includes marketing tools, CRM solutions, and processing support to streamline operations and enhance the customer experience.

5. Training and Development: NEXA provides training and professional development opportunities to help loan officers enhance their skills and stay updated on industry trends and regulations. This is crucial for professional growth and maintaining compliance in a heavily regulated industry.

6. Collaborative Environment: Despite the independence afforded by the commission structure, NEXA fosters a collaborative environment where loan officers can share best practices and insights. This community aspect can be invaluable for problem-solving and innovation.

7. Marketing and Lead Generation: Some branches may offer marketing and lead generation support, helping loan officers to expand their client base and increase their sales volume.

8. Regulatory Compliance and Legal Support: NEXA handles much of the regulatory compliance and provides legal support, which can be a significant burden for independent loan officers. This support helps ensure that transactions are compliant with federal and state regulations.

For those interested in exploring career opportunities at NEXA Mortgage, it’s advisable to directly contact their human resources or careers department, or visit their official website. This way, potential candidates can obtain the most current and detailed information regarding open positions, specific benefits, and the application process. This direct approach will also provide insights into the company culture and what might be expected from a career at NEXA Mortgage.

[Connie]

Gustan Cho Associates is a dba of NEXA Mortgage, the largest mortgage broker in the United States. Gustan Cho Associates is licensed in 48 states including Washington, DC, Puerto Rico, and the U.S. Virgin Islands. Gustan Cho Associates is a mortgage brokerage firm known for its specialization in non-QM (Non-Qualified Mortgage) loans and other specialized mortgage solutions. The firm operates under NEXA Mortgage, LLC. and is reputed for providing mortgage options to clients who may not qualify under traditional lending criteria. Here’s a more detailed overview:

1. Non-QM Loans: Gustan Cho Associates focuses significantly on non-QM loans, which are designed for borrowers who don’t fit the typical lending standards set by major institutions. These loans can be suitable for self-employed individuals, investors, and others with non-traditional income sources or credit challenges.

2. Services Offered: They offer a variety of mortgage products including FHA loans, VA loans, USDA loans, conventional loans, and jumbo loans. Each of these products caters to different segments of the market, providing solutions for first-time homebuyers, veterans, and those looking to purchase homes in rural areas.

3. Educational Resources: Gustan Cho Associates is known for providing extensive educational content about the mortgage process. Their online presence includes blogs, articles, and videos that help demystify complex mortgage topics and inform borrowers about their options.

4. Customer Service: The firm prides itself on its customer service, emphasizing the ability to help borrowers navigate the mortgage process without stress. They often highlight their commitment to providing a smooth and transparent loan process.

5. Nationwide Services: They operate across multiple states, offering their services to a broad audience. This wide reach allows them to address the needs of a diverse client base.

6. Loan Processing and Technology: Gustan Cho Associates utilizes advanced technology to streamline the loan application and processing stages. This technology helps in quicker processing times and enhances the overall customer experience.

For individuals interested in their services, either as potential clients or as mortgage professionals looking to work with them, it would be beneficial to visit their official website. This resource provides comprehensive information on their loan options, application processes, and educational resources. Additionally, contacting them directly can provide personalized information and assistance tailored to specific needs or questions.

https://gustancho.com/gca-approves-when-others-cant/

gustancho.com

GCA Approves When Others Can't

GCA Approves When Others Can't because Gustan Cho Associates Mortgage Group has no lender overlays on government and conventional loans

[Bruce]

There is so much benefits for working at NEXA MORTGAGE we will cover section by section. Here’s an article about NEXA MORTGAGE REVENUE SHARE PROGRAM. Certainly! Let’s dive into the details of NEXA Mortgage’s commission structure. If you’re a self-producing Mortgage Loan Originator (MLO) looking for a change in brokerages, NEXA has some exciting possibilities for you. Here’s what you need to know:

1. Base Commission:

   • The first layer of NEXA Mortgage’s compensation plan is the Base Commission. It starts with selecting a margin applied to your lender-paid compensation deals.
   • While you have the flexibility to choose different margins, it’s recommended to opt for 275 basis points, which grants you 220 basis points.
   • With this competitive rate, your commissions can significantly increase, especially when closing larger loan amounts.

2. Bonus Commission:

   • NEXA rewards hard work and dedication with the Bonus Commission.
   • Once you hit $3 million in funded volume per month, you’ll receive a 100% commission on everything beyond that threshold.
   • This bonus structure motivates MLOs to exceed their targets, and the potential for increased earnings is substantial. So, the sky’s the limit when it comes to achieving higher commissions! 1

3. Partnership Compensation Plan:

   • Taking their commitment to growth and recognition a step further, NEXA introduces the Partnership Compensation Plan.
   • When you’ve introduced 10 Originators producing at NEXA, you become eligible for the Partnership Compensation Plan.
   • This means you get a 100% commission starting at $2 million in production instead of waiting to hit $3 million.
   • This incentive encourages MLOs to contribute to the company’s success by bringing in top-performing Originators.

4. Revenue Share Program:

   • Are you interested in building a business within a business? NEXA Mortgage offers an enticing Revenue Share Program.
   • By introducing other Originators to NEXA, you can earn a portion of their commissions, creating a powerful source of passive income.
   • As you develop your downline and help others succeed, your Revenue Share can grow significantly.

5. Daily Payouts: Gone are the days of waiting for weeks to receive your commissions. NEXA Mortgage pays you daily, treating you like a realtor and ensuring you get your hard-earned money promptly. https://non-qmmortgagebrokers.com/careers/

• This reply was modified 1 week, 6 days ago by  Gustan. Reason: wrong url

[Susan]

Loan Officer Career Opportunities, Loan Officer Team Lead Career Opportunities, Branch Manager Career Opportunities, and National Mortgage Business Development Career Opportunities at NEXA Mortgage

https://forum.gustanchoassociates.com/career-opportunity/

forum.gustanchoassociates.com

Career Opportunity

GCA Mortgage GROUP has career opportunity for branch managers, and loan officers. We give the key to how far you take your mortgage career.

[Gustan]

NEXA Mortgage offers a unique and potentially lucrative commission structure for Mortgage Loan Originators (MLOs) that includes several components designed to maximize earnings. This structure is particularly appealing if you’re looking to maximize your income in various ways through their system.

1. Base Commission: MLOs start with a base commission that is determined by the margin selected on lender-paid compensation deals. Typically, selecting a margin that gives you 220 basis points on the loans you close can lead to substantial earnings, especially with larger loan amounts.

2. Bonus Commission: For high-performing MLOs, NEXA offers a bonus commission. Once you exceed $3 million in funded volume in a month, you’ll earn a 100% commission on any amount beyond this threshold. This tiered structure is designed to reward top performers with significantly higher earnings.

3. Partnership Compensation Plan: If you bring in 10 producing originators to NEXA, you qualify for their Partnership Compensation Plan. Under this plan, the threshold for receiving 100% commission drops from $3 million to $2 million, incentivizing both recruitment and production.

4. Revenue Share Program: This program allows you to earn additional income by recruiting other originators to NEXA. You receive a portion of the commissions from the business generated by the originators you recruit, facilitating a passive income stream.

5. Daily Payouts: Unique to NEXA, they offer daily payouts of commissions, ensuring that MLOs receive their earnings quickly after a loan closes. This can greatly improve cash flow for active loan originators.

This compensation model is part of NEXA’s broader strategy to attract and retain talented MLOs by offering competitive payouts and additional earning opportunities through recruitment and bonuses. If you’re interested in further details or considering joining their team, reaching out directly to NEXA or visiting their official website would be beneficial for the most current information and specific details related to your situation.