NEXA Lending targets recurring income model for loan originators

NEXA Lending announced Friday that it’s developing a new initiative aimed at allowing loan originators to participate in recurring income tied to the long-term performance of the loans they originate.

The initiative, described as a “servicing-aligned income model,” is expected to begin rolling out as early as July 2026, the company said.

The program centers on a separately structured mortgage servicing platform currently in late-stage development. NEXA said it is intended to provide a compliant framework aligned with licensing, regulatory and investor requirements.

Mortgage servicing rights (MSRs) are typically retained by lenders or sold to other financial institutions, generating ongoing income through borrower payments over time. Loan originators generally do not share in that long-term revenue.

NEXA said its model is designed to shift that dynamic by creating a pathway for eligible originators to access recurring revenue opportunities connected to loan performance, where permitted by law. The initiative also aims to increase alignment between origination and long-term loan outcomes.

The program includes several core components, including “servicing-aligned income opportunities,” enhanced visibility into the loan life cycle and a proprietary technology platform to centralize access, reporting and transparency.

Through the platform, participating originators are expected to gain greater access to servicing-related data tied to their loans, which the company said could support borrower retention and long-term engagement.

“This initiative reflects a long-term vision we’ve been working toward for several years,” NEXA CEO Mike Kortas said in a statement. “Our focus is on creating a structure that responsibly expands opportunity for loan originators, while remaining fully aligned with compliance, licensing, and investor guidelines.”

Kortas added that the effort is intended to work within existing industry frameworks. “This is not about disrupting the system — it’s about evolving responsibly within it,” he said.

The company said the rollout will occur in phases, beginning with internal implementation before expanding more broadly based on compliance considerations and market readiness. Additional enhancements and features are expected as the platform evolves and feedback is incorporated.

The initiative follows several other moves from NEXA, which rebranded in October. The company rolled out new artificial intelligence tools within its Agenetic AI platform in January, and it also recently appointed Todd Bitter as national director of sales and tapped Von Maharaj as chief financial officer.

Kortas has also been on the move. At the start of February, Kortas told HousingWire that he was in the process of acquiring several shell companies to build joint ventures.

Just days after that conversation, Kortas and Homepie CEO Brad Rice formed FSBO Holdings LLC to buy FSBO.com, one of the longest-running for-sale-by-owner platforms in the country. NEXA does not own FSBO.com, Kortas confirmed, but he said that the platform will benefit NEXA through lead discounts and lead aggregation.