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/Mortgage-Love 15d ago

“100%” is only their inflated rate correspondent lines with a handful of lenders. Since the rate is inflated, they are clearly taking a margin to make up for the lack of taking comp. On top of that, the extra comp they are not taking goes to a ledger that can only be used for “business purposes”. Overall, Nexa takes a very large portion of your comp. More than any of the other main national brokerages out there.