NEXA Mortgage

Office address: 3100 W Ray Road #201 Office #209, Chandler, AZ 85226 
Year established: 2017 
Company type: financial services 
Employees: 2,400+ 
Expertise: VA loans, FHA loans, fixed- and adjustable-rate mortgages, jumbo loans, USDA loans, 203k loans, reverse mortgages 
Parent company: N/A 
CEO and key people: Mike Kortas (CEO), Rana Mortensen (executive director), Douglas C. Hart III (senior partner/team lead), Richard Harte (director of NEXA Academy) 
Financing status: N/A   

NEXA Mortgage is a mortgage brokerage and an equal housing lender based in Chandler, Arizona. The company has over 2,400 employees and serves customers across 49 states, offering a variety of loan options, investment properties and other mortgage-related services.    

History of NEXA Mortgage 

NEXA mortgage was founded in 2017 by CEO and co-founder Mike Kortas. The company’s mission was to revolutionize the mortgage broker model while aiming to have the organization be the best place for independent loan officers. Since then, NEXA Mortgage’s originations have risen, and its operations have expanded to reach 49 states.   

Products and Services of NEXA Mortgage 

NEXA Mortgage has an array of products and services that are tailored to the needs of the individual. Such key offerings include: 

  • home purchase loans: offering loans to facilitate the purchase of homes, leveraging favorable mortgage rates 

  • refinance options: providing opportunities to refinance existing mortgages to secure lower monthly payments or better terms 

  • cash-out refinance: allowing homeowners to tap into home equity for additional financial flexibility 

  • commercial loans: catering to businesses for commercial property investments 

  • specialty loans: includes FHA, VA, USDA, and jumbo loans, tailored to meet specific client needs   

Culture at NEXA Mortgage 

NEXA Mortgage has a culture that is rooted in empowering and supporting its employees and loan officers. The company offers a live support session and multiple digital and marketing programs to equip its loan officers with the best tools and support system. They also offer a competitive compensation and employee benefits package, which includes:  

  • medical (multiple plans to choose from)
  • vision
  • dental 
  • legal services 
  • life insurance  

About NEXA Mortgage CEO Mike Kortas and Key People 

Mike Kortas is the CEO of NEXA Mortgage, bringing over two decades of industry experience to the role. His extensive background includes positions as a loan originator, team leader, branch manager, regional manager, and vice president. Previously, he served as vice president at Equity Prime Mortgage. 

Supporting him in leading NEXA Mortgage is a team of key figures: 

  • Rana Mortensen, as the executive director, focuses on organizational growth 
  • Brett Weiss is the career builder of NEXA Mortgage who is dedicated to advancing career opportunities
  • Douglas C. Hart III, an associate partner and team lead, steers major projects and leadership operations 
  • ​​​​​​​Richard Harte, as the director at NEXA Academy, is responsible for the company’s educational programs and broker training   

The Future at NEXA Mortgage 

NEXA Mortgage's 2024 financial strategy emphasizes rapid loan processing with most closures expected within 30 days, ensuring efficiency and customer satisfaction. They also aim to enhance broker retention through an innovative 4-way Compensation Plan that offers daily payouts and revenue-sharing opportunities. Going forward, NEXA Mortgage will likely focus on strengthening its financial foundation, enhancing services, and potentially expanding its market presence in 2024. 

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