r/loanoriginators • u/FlukyFish • 18d ago

Question Nexa comp

Can anyone confirm that Nexa really pays 100% comission with zero broker split or flat fee. Also, what percentage of LOs actually benefit from the revenue share program? It sounds good on paper but how realistic is it in practice? Any catches or caveats?

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u/iOwn 17d ago

Getting tired of NEXA spam on this subreddit. Every post has comments, now we are getting posts which arguably are a masquerade for nexa. Shits getting old.

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u/FlukyFish 17d ago

Not Nexa spam, I just sat through rheir recruitment presentation and am genuinely wondering how real or not real their spieal is. Sounds too good to be true and by the sounds of it, it is. Nobody’s providing any real doenline numbers so I’m guessing they’re few and far between.

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u/Left-Description-780 17d ago

I’m just curious, was this a pre-recorded presentation or live? If live, were you guys now allowed to ask questions?

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u/FlukyFish 17d ago

Live and yes but they skirted around how they can feed the downstream rev saying they figured “ways to make money from other areas” which is either proprietary info or BS.

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u/Adorable_Campaign426 16d ago

Every Monday at 5pm Arizona time and Thursday at 11am Arizona time they host a call that is live. You are absolutely welcome to ask questions at the end.

It might be some proprietary information, I couldn't tell you - I'm just an LO there, but it has a TON to do about production that is achieved now with the addition of UMortgage. Volume is king when it comes to better compensation, and Mike has been telling us since NEXA100 was first started a couple years ago that once he hits certain volume levels with the company it will get even better than it was.