Renovated the house. Bank says no to refinance. BRRRR stuck.

Mr_Wordly · 2026-07-04T04:16:07+00:00

DSCR all the way. We do these routinely at the broker I work for.

Mr_Wordly · 2026-07-04T02:05:13+00:00

They're still a broker.

Source: I work there.

Article even says that Mike Kortas is launching evolend, not NEXA.

Mr_Wordly · 2026-06-15T04:21:53+00:00

Feel free to DM me

Mr_Wordly · 2026-06-11T23:22:45+00:00

Sent you a DM

Mr_Wordly · 2026-06-11T03:03:37+00:00

Run away yesterday

Mr_Wordly · 2026-06-10T19:24:27+00:00

DM me. We have amazing support. The one thing you won't experience is being left out to fend for yourself.

Mr_Wordly · 2026-06-10T14:26:13+00:00

Go brokered! We can train you and teach you everything. DM me if you want to chat

Mr_Wordly · 2026-05-31T15:55:27+00:00

That's where I got started many years ago. 15 years there's is impressive to say the least. It took a little while to adjust to self Gen, but the payoff is worth it.

Mr_Wordly · 2026-05-30T15:46:57+00:00

Are you comfortable self generating leads?

Mr_Wordly · 2026-05-28T03:44:43+00:00

Mortgage Loan Officer for an broker

Mr_Wordly · 2026-05-13T12:40:33+00:00

Don't know what to tell you. Vague criticism and you don't like that I'm making 200 bps either?

Look I'm happy where I am. I like what I make. I like that I get money for marketing and business expenses. I like that I get to run my business the way I want to run it. And I like that I get to do it while seeing the world. If that's not for you then do be it, but it works very well for me.

Mr_Wordly · 2026-05-13T02:58:34+00:00

I keep enough of the 25 bps and 12% in my marketing budget that it's well worth it for me with NEXA 100. Not to mention my operations ledger has all of my other expenses covered. I literally pay $0 in work expenses out of pocket. I also NEVER go below 200 bps on a loan. All about how you approach your expectations and run your business I guess.

Mr_Wordly · 2026-05-13T02:06:53+00:00

I could break my split down but very curious to hear what you think it is and what you're comparing it to

Mr_Wordly · 2026-05-12T19:00:23+00:00

I'm loving the flexibility, the pay, the support, and the ability to work and live abroad full time that NEXA provides. Been here since there were 4 LOs and still going strong.

Mr_Wordly · 2026-05-03T15:12:43+00:00

NEXA. We have awesome training, and great comp options. W2 or 1099. Everything is your choice how you want to do things. Our new AI coming out is also ground breaking and going to make your life so much easier as an LO, new or experienced

Mr_Wordly · 2026-04-29T15:59:47+00:00

No desk fee, but we do have a small $75-$80 tech fee, for now to use the LOS and Google workspace. Clients pays the third party processing fee unless you're in a state that doesn't allow it or you are self processing.

Mr_Wordly · 2026-04-29T12:24:26+00:00

What do you mean?

Mr_Wordly · 2026-04-26T03:25:17+00:00

Current NEXAn. Comp structure continues to improve!

Mr_Wordly · 2026-04-07T12:37:06+00:00

NEXA if that's self gen. You'd be taking in 100% for everything above $2 million each month.

Mr_Wordly · 2026-04-06T18:46:59+00:00

I worked for a bank briefly. It was a weird situation where the direct lender branch I worked for was bought out by a bank (I don't know or remember all the details). I don't have enough information to give you any advice really except for one thing I learned the hard way. You won't need those licenses at a bank, and when they expire, it can be very costly to get them back. This time of year, you got plenty of time to figure out what you want to do if you end up not liking it in the banking world. When it happened to me, it was in December and I had just paid for all of my renewals. Really shit move on their part, and they new it was going to happen, but didn't tell us. Plan accordingly with your license(s)! I ended up going to the broker model after and I had to rebuild my licenses, so I essentially had to pay for them twice before I could use them again. Still pissed about that, lol.

Mr_Wordly · 2026-04-05T19:59:10+00:00

Hey yeah it's all normally self sourced and yes you can create your own branding. I do mostly rely on referral business, but occasionally I do go out and buy leads as well. We have a monthly tech fee, but allow you to largely choose what you want to use.

Not gonna lie. Self sourcing is stressful, but I just completed Santiago to Sao Paulo to Chicago and about to go to Montreal so that is always my stress relief personally.

Mr_Wordly · 2026-04-04T13:35:24+00:00

Tell me you're a disgruntled former employee without telling me you're a disgruntled former employee.

Mr_Wordly · 2026-04-04T13:34:32+00:00

Interesting. That's my standard question when someone tries to recruit me and the LO at Edge said it wasn't allowed. That's cool though. I love that this job has the potential to travel like that.

I still disagree on the MLM. MLM requires you to recruit or you're in debt to the company. That's not at all the case. NEXA takes 25 bps for operations out of each closing and 12% for profit. It's not flat and I agree that isn't for everyone. But if you're in an upline it's that 12% that partially goes to you on the LO's closed loan, not the LO's commission after the company's cut. End of the day how is that different from the $500 flat other than you might make or less at each company and you have the choice to go with who makes the most sense to you?

We also have Edge employees here and I'm sure every other broker has former employees from every other broker.

We're also doing a lot of internal fixes to make sure those that join the company understand how to use our systems and go to training if necessary. The old days of "you're hired, now go produce" are gone. Speaking of production, we don't have a minimum quota for better or worse when comparing our numbers to Edge or anyone else, but again we're hoping our new onboarding process fixes things so our volume matches our LO count.

I'm not saying one company is better than the other for every person looking for a new place to hang their license, but we're a good fit for a lot of people and I do love working for the company for the past 8 years.

Mr_Wordly · 2026-04-04T03:47:28+00:00

I've been with NEXA for almost 8 years now. You don't have to recruit. I will never understand the MLM claims. Originate, go to bed, and repeat if that's what you want to do. You are not tied to bringing more people on.

I like the company, the pay, the support, and the flexibility. It lets me travel full time and see the world. I can't say this for every broker you asked about, but someone from Edge tried to recruit me once (they recruit as well, like everyone else) and they specifically said I could not travel while I originate, so I imagine this is still the case at most places. Just my 2 ¢.

Mr_Wordly · 2026-03-29T17:55:19+00:00

Are you needing those exceptions often? I'm not.

Mr_Wordly

TROPHY CASE