MLO Revenue Share Residual Income Opportunity

This blog at Gustan Cho Associates will cover the MLO revenue share and residual income career opportunity at NEXA Mortgage, LLC. Founded in July 2017 by CEO Michael Kortas, NEXA Mortgage, LLC is hands down the fastest-growing and largest mortgage advisor and lender in the nation.

The mortgage industry can be lucrative for skilled professionals, but success typically requires significant effort in building client relationships, understanding complex regulations, and developing expertise in loan products.

What is this MLO Revenue Share Residual Income Career Opportunity program? Recruiting top loan officers requires a multi-faceted strategy that includes understanding your ideal candidate, leveraging technology and data, and ensuring a supportive work environment.  In the following paragraphs, we will cover several effective strategies for recruiting loan officers.

MLO Revenue Share Residual Income Opportunity at Gustan Cho Associates, NEXA Mortgage Division

Across the mortgage industry, experienced pros can tap lasting income by joining revenue-sharing deals. Gustan Cho Associates, the NEXA Mortgage division, stands out with one of the most attractive MLO revenue share and residual income plays available today.

How MLO Revenue Share and Residual Income Work Together

MLO revenue share pairs seasoned originators with an established lender. In return, originators keep control over their business while enjoying access to cutting-edge tech, compliance teams, and marketing support. There’s no W-2; instead, income comes when borrowers close.

How MLO Revenue Programs Pay

Most closings reward you with an upfront commission. Revenue share programs kick the game up by keeping the payday rolling. Each loan that you originate—and each loan your recruited partner produces—drips income into the future, paying you for years as the team remains active. Work out the details; you’ll see steady payments after the signing ceremony. NEXA Mortgage stands out in the mortgage industry by offering Mortgage Loan Originators (MLOs) innovative compensation structures that include revenue sharing opportunities and residual income potential.

This comprehensive analysis examines NEXA’s unique approach to MLO compensation, focusing on their revenue share program, commission structures, and long-term income opportunities.

The passively-earning skill set of residual income sets revenue-sharing plans apart from traditional commission deals. When loan originators expand their circles, bringing on new team members, they get revenue from every loan closed. Over the years, these percentages have increased, often surprising recruits with their size. Instead of a one-time bonus, the check keeps coming every month.

Gustan Cho Associates: What Sets Us Apart with NEXA Mortgage

Gustan Cho Associates works as a department within NEXA Mortgage. This setup fuses the hands-on process of a neighborhood mortgage office with the wide-reaching capabilities of a nationwide lender. Mortgage loan originators, or MLOs, enjoy every cutting-edge tool a giant corporation offers while never losing the personal charm that wins repeat customers.

NEXA Mortgage: Inside the Corporate Engine

NEXA Mortgage is the licensed lender at the helm. It gives MLOs the paperwork, the money, and the behind-the-scenes systems to get loans from applications to funded checks. Because of this backing, originators can pull competitive rates, secure quick funding, and tap into a nationwide referral desk that processes every task—from compliance to systems training.

The company operates as a licensed mortgage broker across multiple states and has established itself as a rapidly growing player in the mortgage industry.

The firm is collectively licensed in dozens of states. Therefore, MLOs can write loans to clients moving to different zip codes and tap new referral networks without scrambling for paperwork or learning new regulations. This nationwide license broadens the horizons and allows mortgage specialists to cultivate a bigger business with greater combined power and reach.

Complete MLO Revenue Share Program Breakdown  

Gustan Cho Associates designed its MLO revenue share program to reward personal production and team-building. MLOs earn money by directly closing loans and collecting override commissions based on how well their recruited teammates perform.

MLO Primary Revenue Streams  

Loan origination produces the core of any MLO income. Gustan Cho offers competitive commissions on every loan that closes, and those rates consistently beat industry averages so that the base payout is strong and serves as a launching pad for bigger earnings.

Overriding commissions are the program’s upside. MLOs earn a percentage of their recruits’ and mentees’ revenue on each closed loan. This commission starts when a recruit submits their first deal, building a team into a residual income source that compounds over time.

Income at Multiple Levels  

The program lets any MLO build a team that goes several tiers deep, so overrides keep flowing to the sponsoring MLO at every level of the organization. First-line recruits provide the highest override percentage.

Top performers produce long-lasting residual income, which is why mentoring and ongoing support are built into the model.

This multi-level approach motivates MLOs to attract high-caliber professionals instead of chasing every lead. MLOs earn slightly smaller overrides on the second line, and progressively smaller amounts on third and deeper lines. Even at those lower levels, the income is still meaningful and encourages MLOs to help their recruits recruit.

Stable Earnings and Wealth for the Long Run  

Most mortgage pros watch their income rise and fall with the market, the season, and how many loans they personally close. A revenue share model smooths the ride by offering extra income from different streams. Pay continues even in quiet production months.

Earning Passively by Growing the Team  

When MLOs recruit and nurture new team members, they unlock income that requires little ongoing attention. Veteran recruits close regular loan volume, so their success kicks predictable override income back to the original MLO who recruited them.

NEXA Mortgage LLC is a full-service mortgage brokerage company headquartered in Chandler, Arizona (NMLS #1660690).

This passive revenue shines during slow markets or personal challenges that slow their origination efforts. An established team produces income even after the recruiting MLO shifts focus elsewhere or scales back origination.

Compounding Revenue Share Momentum  

MLOs who continue building and sustaining their teams often watch their income compound. As the first recruits bring in new team members, these second and third-level agents keep feeding the overall group’s production. The cycle repeats, creating exponential income growth possibilities that multiply over the years. NEXA Mortgage introduced the NEXA100 program in 2024, representing a paradigm shift in mortgage industry compensation.

The NEXA100 Program offers loan officers up to 100% commission splits, eliminating traditional commission cuts that plague the industry.

The compound effect occurs when mortgage loan originators (MLOs) put energy into coaching and mentoring their teammates. Strong teams keep raising their own game and lure in more top-notch recruits. Those recruits generate more override income, creating a nice return for the original sponsor.   When you help others succeed, you grow, too—that’s how this industry works.

Technology Platform and Marketing Support   

Gustan Cho Associates has rolled out a fully-loaded tech infrastructure to lift solo MLOs and their growing teams. Onboard, you’ll find a killer suite of customer relationship management tools, a smooth loan origination system, and marketing autopilot settings built right in.

Fast-Tracking Loan Origination Technology   

The Gustan tech stack tightens the loan app and processing loop, letting MLOs ramp up loan volumes without dropping service quality. Automated underwriting links and smart document management keep the paperwork in check. Suddenly, you spend more time closing and less time sorting boxes of files.

The mobile tools let you chat with clients and tweak the pipeline from anywhere. Whether at the coffee shop or the conference room, you’ve got the market in your pocket.

NEXA’s Revenue Share Program allows MLOs to earn ongoing commissions from loan officers they recruit to the platform. This creates a powerful passive income stream that continues indefinitely. Unlike traditional mortgage companies where income ceases upon retirement, NEXA’s residual income model provides ongoing financial benefits:

End-to-End Marketing and Lead Generation   

MLOs get professional-grade tools without the professional-grade hassle—gustan supplies sleek, ready-to-roll websites and on-brand social media folders. Automated marketing campaigns keep your message flowing, giving you a pro market beat for the price of a cup of coffee.

NEXA offers unique opportunities for real estate professionals through their Realtor-MLO joint licensing program. While NEXA offers attractive compensation, success requires meeting certain performance standards:

Best part? You don’t need a marketing degree, and you don’t need to break the bank to get started. Lead generation systems offer qualified mortgage prospects directly to participating mortgage loan originators (MLOs), helping supplement their marketing while keeping their pipelines consistently full. By combining company-supplied leads with personal marketing efforts, originators can tap into the broadest possible loan origination potential.

Training and Ongoing Development  

MLOs need lending knowledge and the ability to build and manage strong teams to thrive in revenue share programs. Gustan Cho Associates delivers all-encompassing training that blends technical mortgage expertise with proven business-growth skills.

Continuous Mortgage Training and Certification  

Training does not stop at the start date. All team members receive regular education on mortgage regulations, the latest loan products, and industry best practices, ensuring they stay compliant and knowledgeable. Their credits are always counted toward continuing education requirements.

With the NEXA100 program, MLOs retain up to 100% of commission earnings, significantly increasing income potential compared to traditional split arrangements.

Modules on specific loan solutions, specialized underwriting rules, and region-specific needs allow MLOs to acquire critical niche expertise. This knowledge lets them serve specialized markets and broadens their potential client base beyond standard offerings.

Business Growth and Leadership Skills  

Joining a revenue share team means cultivating the ability to build and lead. Training workshops cover effective recruiting strategies, team management techniques, and core mentorship skills to create high-performance groups.

NEXA’s model represents significant industry innovation in MLO compensation, addressing traditional pain points while creating new income opportunities.

Based on available data and tier structures, revenue share income potential scales significantly with network size: Leadership tracks prepare veteran MLOs to evolve from solo producers to respected team heads. Participants learn how to inspire, guide, and manage diverse talents while keeping groups motivated and focused on shared goals.

Compliance Framework and Regulatory Support

Following the rules isn’t optional in mortgage lending; it’s essential. Gustan Cho Associates has developed structured compliance programs to help every team member comply with federal and state laws.

NMLS Registration and State Licensing Support

New mortgage loan originators face a maze of NMLS and state licensing rules. The company offers step-by-step guidance to simplify the navigation, helping newcomers get their licenses quickly and correctly. Meanwhile, ongoing checks ensure that team members complete license renewals, continue education, and stay current with any changes in state or federal rules, cutting the busywork for the individuals and keeping the organization firmly in compliance.

Consumer Protection and Fair Lending Practices

Consumer protection isn’t just a best practice; it’s the law. Training modules highlight both fair lending rules and the ethical values that underpin them, so every loan file reflects compliance with the letter and spirit of the rules.

Internal audits and continuous quality control checks serve as a safety net, confirming that loan files align with regulatory and company standards.

These layers of oversight shield individual MLOs and the organization from compliance issues while still delivering loans that meet the expected quality standards.

Qualifying Requirements for MLO Revenue Share Participation

To join the Gustan Cho Associates revenue share program, mortgage loan originators (MLOs) must meet experience and licensing criteria. These guidelines verify that each participant has the expertise and credentials needed for long-term success.

Experience and Production Standards

MLOs need a track record in mortgage lending and a proven ability to close loans. These experience guidelines confirm that originators grasp core mortgage principles and have the skills to drive production.

NEXA provides compliance support to help MLOs maintain regulatory standards while maximizing income opportunities.

Prospective MLOs also must meet production benchmarks, such as closing a specific loan volume or producing a certain revenue level. These figures show that the program attracts motivated originators while helping preserve workshop quality.

Licensing and Professional Credentials

NMLS registration and state-specific licensing for each market must remain current. Adhering to licensing keeps the program compliant, safeguards consumers, and protects the Gustan Cho Associates brand.

MLOs can strengthen their application by submitting relevant certifications or designations, which signal ongoing professional learning and expertise in the field.

NEXA Mortgage’s MLO revenue share and residual income opportunity presents a compelling alternative to traditional mortgage origination careers. The combination of 100% commission retention, indefinite revenue sharing, and willable residual income creates unique wealth-building potential.

Geographic Market Opportunities and Expansion Potential

NEXA Mortgage’s multi-state licensing lets MLOs assist clients in various territories, widening their pipeline beyond the confines of a single market. This area of opportunity is especially attractive to originators wishing to assemble teams and serve borrowers in multiple states simultaneously.

Going Multi-State for Revenue Growth  

When loan officers (MLOs) work across state lines, they can chase big opportunities in booming markets while still serving their main area. This strategy keeps revenue flowing even when local markets cool.

The opportunity appears particularly attractive for experienced MLOs with established networks and proven track records, as well as ambitious newer professionals willing to invest in long-term relationship building.

For qualified MLOs seeking to maximize earning potential while building long-term wealth, NEXA Mortgage’s program warrants serious consideration. However, success requires dedication to both personal production and network development. Recruiting gets easier, too. Opening the door to MLOs from several states means hiring managers can build strong teams instead of settling for local talent only. A bigger candidate pool means companies find top performers more often.

Carving a Niche by Going Specialized.

Each state has its own lending landscape, with unique products in demand and tougher challenges to overcome. MLOs who zero in on a specific area—like programs for first-time buyers, loans for investors, or state-specific products—become the go-to experts and boost their bottom line.

Personal Productivity: The Bedrock of Growth  

A consistent, high loan volume showcases personal skills and gives potential team members a trusted example to follow. Top MLOs working on monthly deals are more likely to attract promising recruits than those whose pipelines are thin.

MLOs need a plan that blends personal productivity with smart hiring to cash in on revenue-share programs. The best performers are strong originators who know how to build a winning team.

When outstanding service, fast loan processing, and in-depth market knowledge come together, the result is more than satisfied clients. These elements create a steady stream of referrals and build the professional image, making recruiting top talent much easier.

Smart Strategies for Team Recruiting and Growth

Producers committed to revenue share long-term dedicate real time and energy to finding, hiring, and nurturing the right people. It’s not a quick task. Trust, skills, and chemistry can’t be rushed, so steady outreach and follow-through are essential.

NEXA provides compliance support to help MLOs maintain regulatory standards while maximizing income opportunities.

The real game-changer is mentoring. When you coach recruits and keep checking in, you not only raise their game but also create a network of loyal producers eager to repay you. Over time, their success lifts your override income. Team-building you invest in today pays off in retention, production, and broader referrals.

Examining Your Revenue and Future Income

The income you’ll see in a revenue share arrangement differs for everyone. Your personal volume, the size of your team, and the market swings are the big variables. Yet, in a stable hiring and coaching climate, most top performers slowly build impressive streams of override income that can top individual loan production.

What to Expect In the First Year

When your recruits start, the override income rises slowly. They have to close loans and repeat those steps until they and the market are comfortable. Typically, it takes 6 to 12 months before meaningful income is easily noticeable.

During that stretch, your loan volume still drives the household cash flow. It’s critical to keep prospecting and locking loans for yourself while your team learns the ropes. Deliver your personal volume and recruit in the same week to create long-term legacy income.

Long-Term Wealth Building Through Compound Growth

Revenue share programs allow seasoned mortgage professionals to build long-lasting wealth with minimal effort after initial growth. As they grow and train teams, income compounds year after year.

Even when the original sponsor steps back, multi-generational teams generate income, proving that the compounding effect lasts well beyond the first deal.

That allure is why top producers who want more passive income, but still love the mortgage business, now migrate from active loan origination to models that reward delegation and mentorship as much as personal closes.

Comparison with Traditional Mortgage Employment Models

When you stack revenue share alongside conventional mortgage jobs, the benefits for the experienced loan officer who aims for wealth and autonomy become clear. Traditional firms offer a predictable paycheck that stops when you do, whereas revenue share unlocks a much wider ceiling.

Income Potential and Growth Opportunities

Legacy mortgage jobs cap compensation at personal production. In a revenue share model, the faster you build a team, the faster you multiply residual income. Those who advance the furthest sponsor enough teams to make personal production irrelevant.

Revenue share models give a founder-like sense of ownership that legacy firms do not offer. When teams succeed, their production builds a ledger value that appreciates over the years, creating equity that eventual sales or retirement withdrawals can monetize.

Professional Independence and Business Ownership Benefits

Single-agent independence has its thrills, but building a taxable business can drain personal savings. A revenue share agent enjoys much of the autonomy of ownership, including naming the team, setting the culture, and driving the growth. Yet, they leverage corporate tech, compliance help, and more.

The net result is business ownership lite: the benefits of capital without the predictable but costly capital and the expensive headaches of payroll, compliance, and tech infrastructure.

One of the most fulfilling rewards of the Gustan Cho Associates Revenue Share Program is the chance to create and lead high-performance teams. This experience boosts professional satisfaction and grows your leadership muscles more than most corporate jobs allow.

Application Process and Getting Started

If you think the program is right for you, here are the steps to take. First, double-check that you meet the conventions of the program, and confirm that you’re truly excited about building a great team.

Initial Qualification and Interview Steps

Start by submitting a simple online form, followed by a deep dive into your experience, state licenses, and production history. To speed the process, gather your most recent pay stubs, coaching letters, and a production log that tracks your closings for the last year—the more numbers and stories you offer, the stronger your case.

Next, you’ll participate in a virtual conversation about your mortgage know-how and your vision for leadership. Think of it as a chance to share the one mortgage chemist who recently saved a couple of thousand, and how that relates to your coaching circle.

Onboarding and Ongoing Support

Once you’re in, the next 30 days are packed with virtual classes on the Gustan Cho Associates platform. The curriculum covers everything from compliance hacks to referral marketing playbooks, creating a seamless transition from brand-new recruit to confident team captain in four weeks.

Ongoing mentorship from seasoned teammates allows newcomers to smoothly shift from standard mortgage operations to a revenue-sharing business development role.

Building Long-Term Success with MLO Revenue Share  

The MLO revenue-share opportunity at Gustan Cho Associates is an exciting way for mortgage pros to grow lasting wealth by building residual income. Revenue-sharing success demands ongoing dedication to personal production and team mentoring.

Competitive upfront pay, tiered overrides, and full resource support create a setting where personal achievement and collective wins go hand in hand.

Yet the chance to grow significant passive income and secure lasting financial peace makes this model an appealing substitute for the usual mortgage job. For licensed pros ready to evolve from solo contributors to team architects, the Gustan Cho Associates revenue-share plan delivers the platform, resources, and chance needed to meet ambitious financial and professional milestones.

The Top Mortgage Company to Work For

You will find out how, under CEO Mike Kortas’s leadership, NEXA Mortgage, LLC, founded with less than ten employees, now has over 2,500 licensed mortgage loan originators and is licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands.

This type of growth is unheard of. Regarding the qualities of newly licensed loan officers to look for, they are positive, energetic, well-spoken, consistent professionals with a strong foundation. The following paragraphs cover MLO revenue share, residual income, and career opportunities at Gustan Cho Associates.

How Does MLO Revenue Share Residual Income Career Opportunity Work?

We will show you how Michael Kortas is the Thomas Edison of the Mortgage Industry and how you can join the MLO Revenue Share Residual Income Career Opportunity program. Christy Hembree, a senior mortgage loan originator at Gustan Cho Associates says the following about how does MLO revenue share residual income career opportunity works:

NEXA Mortgage also has a Realtor – MLO Revenue Share Residual Income Career Opportunity joint licensed program.  The real estate agent is a licensed mortgage loan officer who can make commissions on both sides of the transaction.

The real estate agent makes a commission on the home purchase transaction, PLUS, since the realtor is also a licensed mortgage loan officer, the agent will be paired up with a veteran, experienced loan officer, where the MLO will take the file from application to closing. This article will cover the realtor –  MLO revenue share and the residual income career opportunity program.

Networking with Specialized Recruiting Agencies For Loan Officers

Partnering with agencies specializing in mortgage recruiting can provide access to a broader talent pool and streamline the recruitment process. John Strange, a senior mortgage loan originator at Gustan Cho Associates says the following about the dually licensed realtor – MLO revenue share career opportunity:

These agencies have the expertise and networks to find qualified candidates efficiently​. Your firm should communicate the benefits and opportunities it offers beyond just compensation.

This could include career advancement opportunities, work-life balance, and a positive company culture. Articulate what makes your firm a great place to work​. Each of these strategies can help you attract and retain the best loan officer talent, ensuring the growth and success of your brokerage. Implementing a combination of these approaches tailored to your specific needs and market conditions will enhance your recruitment efforts.

How NEXA Mortgage, LLC Was Created

To paint a clear picture of the MLO Revenue Share Residual Income Career Opportunity, we would like to give you an overview of how NEXA Mortgage, LLC was born and the man behind building the fastest-growing and largest mortgage advisor in the nation in less than five years.

Due to how CEO Mike Kortas structured the MLO revenue share residual income career opportunity program, the program is stronger than ever, comments Bill Burg of NEXA Mortgage, LLC. Many loan officers earn over six figures monthly from NEXA’s MLO Revenue Share Residual Income Career Opportunity program.

Mortgage Advisors Licensed In 48 States

Keep in mind high-earners of residual income from the MLO Revenue Share Residual Income Career Opportunities have job security and consistent monthly revenue share for life. For Life? YES. You must know about the man behind building this life-changing foundation for the NEXA Mortgage, LLC loan officers. For the first time in the history of the mortgage business, mortgage loan originators can now earn residual income like insurance agents. In the following paragraphs, we will cover and discuss the MLO Revenue Share Residual Income Career Opportunity with NEXA Mortgage, LLC. We will show you how to make six-monthly figures with a product that sells itself.

Using Online Platforms To Promote Your Message

Utilize popular job platforms like LinkedIn and Indeed to post job openings. Compelling job descriptions highlighting your firm’s unique benefits can attract the right candidates.

Why do insurance agents get financial security with the benefit of getting residual income for every customer they sign up with, and loan officers don’t?

Ensure your company’s online presence, including your website, is modern, functional, and properly represents your brand​. Licensed in 48 states with a lending network of over 280 wholesale investors, NEXA Mortgage, LLC, CEO Kortas had a vision and dream he wanted to accomplish.

How Do I Become a Top-Producing Mortgage Loan Originator?

NEXA Mortgage, LLC has the state, the mortgage loan products, and the lowest rates. NEXA Mortgage, LLC has the winning formula that beats every competitor in today’s marketplace.

Utilize data and CRM tools to understand potential hires’ performance metrics and histories. This helps make informed decisions and target the right candidates​ (MMI)​.

What if NEXA developed a system where mortgage loan originators would have a similar system where loan officers can make a consistent residual income, month after month, year after year, and call it the MLO Revenue Share Residual Income Career Opportunity at NEXA? One thing, Kortas thought.

How Long Does It Take For The MLO Revenue Share Residual Income Career To Take Off?

It takes decades for insurance agents to make a six-figure residual income sufficient for them to retire comfortably. Mike Kortas’ vision was not only to create a residual income system similar to how insurance agents earn from the insurers they sign up, but he would crush it. Numbers do not lie. The residual income is guaranteed for life if the loan officer decides to retire from the mortgage industry and travel the world.

What Happens To Loan Officer Revenue Share When MLO Dies?

In the unfortunate event that the MLO passes, the NEXA MLO revenue share residual income is transferable to the MLO’s heirs. NEXA Mortgage, LLC is only five years young.

The million-dollar revenue share earners did not reach the million-dollar per year residual income mark for decades. The product at NEXA sells itself.

We will walk you through the process step by step and give you any information so that you can decide whether you want to join us at NEXA Mortgage, LLC and take your career to the next level.

How Do Mortgage Loan Originators Get Paid?

Loan officers work very hard on loans from application until closing. They get paid a fraction of the overall yield spread premium to the company. Depending on the comp plan, the MLO has an agreement with the company once the deal is closed. What is the chance that the borrower will take out another loan by purchasing a home or refinancing the existing one that just closed? Three to five years from the closing date? Ten years? Thirty years? Maybe never. Zero residual income.

Without residual income, the loan officer needs to keep hustling for new clients by making contact with potential new realtor partners.

Loan officers must keep their pipeline full with various marketing strategies, such as buying leads, cold calling, meeting new real estate agents, social media campaigns, etc. Mike Kortas saw a clear vision, which he knew was a given, and needed to launch in creating NEXA Mortgage, LLC, and the MLO Revenue Share Residual Income Career Opportunity. In July 2017, NEXA Mortgage, LLC was born with fewer than ten employees in Chandler, Arizona.

Why NEXA Mortgage?

CEO Mike’s vision was not just a pipeline dream that most people often fantasize about and talk out of their asses, but a vision that many in the mortgage industry often asked themselves hundreds, if not thousands, of times over and over again.

Now, there is nothing guaranteed in life, but by asking the right questions and doing research, you should be able to determine a realistic productivity rate for anyone you connect with.

Why not create a mortgage company for the loan officer to take their talent and hard work to the next level? CEO Kortas, like many of us licensed loan officers, asked why loan officers work so hard to get a loan to the closing table, and there is no residual income like insurance agents.

How NEXA Mortgage, LLC Grew From 10 Loan Officers to 2,500 MLOs in 7 Years

This blog will discuss best practices for recruiting business professionals and how they could impact your revenue share with NEXA Mortgage, LLC. The revenue share program offered by NEXA is a great way to earn residual income. Once you have decided to dedicate time and energy to the revenue share program,  you should develop an additional business plan.

Certain factors should be included to ensure your success. These factors include setting goals, developing a call to action, and implementing the proper steps to achieve your goals.

The executives of NEXA Mortgage established the program to disburse company profits to employees rather than share them with top executives like other companies. Participation in the revenue share program is not a requirement. However, it is available to entrepreneurs who choose to build their portfolios and establish an additional source of income.

The Ideal Loan Officer Candidate For NEXA Mortgage

First and foremost, what is your goal? In my approach to the revenue share program, I aim to recruit at least ten producing loan officers within the first 45 days and 60 producing loan officers within 120 days.  Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates, discusses the ideal loan officer candidate for NEXA Mortgage.

What is a producing loan officer? I expect to find a licensed loan officer who will write at least two loans per month.

It is crucial to clearly define the characteristics, qualifications, and experience that align with your brokerage’s values and objectives. Understand what makes a good fit for your team, considering factors like production volume, specialty areas, and geographic coverage​.

How Do I Succeed as a New Loan Officer

There is also the option of recruiting newly licensed mortgage loan officers.  There may not be statistical data to show past success seeing as they are newly licensed, so you will have to evaluate them differently. Let’s consider a house since we are in the real estate industry. A very successful mentor and dear friend once said, “Wake up in the morning and tell yourself today is going to be a great day.”

When you get ready for bed at night, “think of something positive from the day to be thankful for and always find a way to be better tomorrow.”

When the house is built, the foundation is the most important part.  Without a solid foundation, the house will not be safe.  When comparing that to new loan officers, it will likely prevent them from sustaining long-term success if they do not have a solid foundation.

Is The MLO Revenue Share Residual Income Career Opportunity Available For Loan Officers With No Experience?

Oftentimes, the best recruits come in as newly licensed loan officers. There is an old saying, “ positive attitudes bring positive results.” I am a firm believer and choose to live daily by that concept.  Christy Hembree, a senior mortgage loan originator at Gustan Cho Associates, says the following about the MLO Revenue Share Residual Income Career Opportunity:

Loan officers with experience are also great candidates to recruit. When you are recruiting experienced professionals, it is very common for the process to take slightly longer.

Most people already established within the industry, and many people in life, hate change. With that mentality, I often prefer to recruit newly licensed loan officers.  Because NEXA is committed to building successful loan officers, it offers a training program called NEXA Academy to train newly licensed loan officers.  Combining the vetting process with the training offered, your recruit may become a rock star within the industry.

How Does The Revenue Share For Loan Officers Work

As I previously mentioned, the NEXA revenue share model was established by NEXA executives to share company profits from the top down rather than isolate them to the company’s top executives. The revenue share program is not required but is optional for all loan officers employed by NEXA.

Build and Maintain Relationships

I’d appreciate it if you could develop lasting relationships with your loan officers. This includes regular engagement activities, professional development opportunities, and recognition of their achievements. A positive workplace culture encourages loyalty and can turn your current employees into ambassadors for your firm​.

Network and Internal Referrals

Please feel free to encourage your current employees to refer potential candidates. Personal recommendations often lead to hiring committed and suitable employees (MMI). The revenue share program can be very lucrative for those participating.  Each person is allowed 3 tiers of partners to bring on.

Typically, each tier is eligible for 20 new recruits, for a total of 60 recruits. The sponsoring officer will receive a 10 basis point commission on all productivity for each recruit they bring on.

The compensation is paid by the third week of the following month, so, for example, for all products a recruit does in September, the commission will be paid to the sponsoring loan officer by the third week of October.   Another amazing benefit of the revenue share program is that the residual income will be a life benefit for the sponsoring officers’ families.

Top Loan Officer Recuitment Strategies

As in all aspects of business and life, what works for one person may not work for another. However, I will provide some best practices to help you recruit and build a powerful downline in this section.  The most important thing when it comes to recruiting is your approach.

When talking to other business professionals, you must present yourself with confidence and positivity. Knowledge is key, along with confidence and positivity.

A smooth and engaging onboarding experience can significantly impact retention. Ensure new hires have all the necessary resources and support to succeed and maintain regular check-ins to gauge their progress and satisfaction​.

How Do You Recruit Top Mortgage Loan Originators

Could you know the market you are recruiting in and why your company, in this case, NEXA, is better? I always refer to the “if I could, would you approach?” which was ingrained into me from my early days in the automotive industry.

I have to tweak it in recruiting, but the same concept applies. With the market knowledge and what NEXA provides, it is very easy to ask someone, “Mr. Smith, if you could double your comp per file, would you be interested in hearing more?”

In today’s times, most of your recruiting avenues are done through social media.  LinkedIn and Facebook are the two platforms I use primarily.

How to Market Yourself as an MLO

Could you ensure your social media profile is clean, clear, and welcoming? I highly recommend avoiding anything related to political affiliations, religion, or any other outlet that may create controversy. Your profile pictures and cover photos need to be professional and should show what industry you are in. In my case, I promote Mortgage Lenders For Bad Credit, which is my brand and an affiliate of Gustan Cho Associates.

You want to create posts that show factual data, success stories, and motivational quotes, which will start to build credibility for you and your page.

Once credibility is established, it is good to make posts that will engage others to comment on them. There, you will begin to communicate with professionals and build relationships. The last part of social media networking is creating advertisements. It is the quickest way to reach a large audience. Speaking of networking, using your sphere of influence is a great way to meet people.

Why NEXA Mortgage, LLC is a One-Stop Lending Shop

The competition never sleeps, is the saying at NEXA Mortgage, LLC. You always have to stay ahead of the competition. For some people, social media advertising and marketing generally come easily. Fortunately, once you have the attention of experienced loan officers, the culture and business model of NEXA sells itself.

With the ability to be licensed in 48 states nationwide, having over 210 wholesale investors, and having industry-best compensation plans, joining NEXA Mortgage becomes a “no-brainer!”

They work directly with realtors and loan officers daily, helping them build their businesses in multiple ways. You never know how the next person you meet can affect your life.  Stay focused, stay consistent, and be confident.  The last bit of advice for recruiting is joining a business professional group.  Through those experiences, more doors will open, and you will have to know which ones to walk through and make the best out of every opportunity.

FAQs: MLO Revenue Share Residual Income Opportunity

What is the MLO Revenue Share Residual Income Career Opportunity Program?

• The MLO Revenue Share Residual Income Career Opportunity program at NEXA Mortgage allows mortgage loan originators (MLOs) to earn residual income from their loans, similar to how insurance agents earn residual income from policies they sell.

How Does The MLO Revenue Share Residual Income Career Opportunity Work?

• The program welcomes loan officers who can participate and receive a portion of the revenue generated from the loans they initiate.
• This program also allows real estate agents who are licensed loan officers to earn commissions on both sides of the transaction, working alongside experienced MLOs.

How Was NEXA Mortgage, LLC Founded?

• NEXA Mortgage, LLC was founded in July 2017 by CEO Michael Kortas with fewer than ten employees. It has grown to over 2,500 licensed mortgage loan originators. It operates in 48 states, Washington DC, Puerto Rico, and the U.S. Virgin Islands.

What Makes NEXA Mortgage, LLC a Top Company to Work For?

• NEXA Mortgage, LLC is known for its rapid growth, supportive work environment, and innovative revenue share program.
• Under the leadership of CEO Mike Kortas, the company offers career advancement opportunities, competitive compensation, and a positive company culture.

How Can Real Estate Agents Benefit From the Realtor—MLO Revenue Share Residual Income Career Opportunity?

• Licensed loan officers and real estate agents can earn commissions on the home purchase transaction and the loan origination.
• They work with experienced MLOs to handle the loan process from application to closing, maximizing their earning potential.

What Strategies Does NEXA Mortgage, LLC Use to Recruit Top Loan Officers?

• NEXA Mortgage, LLC employs various strategies, including partnering with specialized recruiting agencies, utilizing online platforms like LinkedIn and Indeed, and promoting a supportive and positive work environment to attract and retain top talent.

How Do Loan Officers Get Paid at NEXA Mortgage, LLC?

• Once a loan is closed, loan officers earn a fraction of the overall yield spread premium.
• Additionally, those participating in the MLO Revenue Share program receive residual income from the loans they originate, providing a consistent and long-term revenue stream.

How Long Does it Take For the MLO Revenue Share Residual Income Career to Take Off?

• Unlike traditional insurance agents who may take decades to build significant residual income, NEXA Mortgage’s program allows loan officers to earn substantial residual income sooner, with many achieving six-figure monthly incomes.

What Happens to The Loan Officer’s Revenue Share When They Pass Away?

• In the unfortunate event of an MLO’s death, the residual income from the revenue share program is transferable to the MLO’s heirs, providing financial security for their families.

How does NEXA Mortgage, LLC Support New and Experienced Loan Officers?

• NEXA Mortgage offers extensive training through NEXA Academy for newly licensed loan officers.
• It provides ongoing support and professional development opportunities for all loan officers to help them succeed and grow their careers.

Why Should Loan Officers Join NEXA Mortgage, LLC?

• NEXA Mortgage offers competitive compensation, residual income opportunities, a supportive work environment, and extensive training and career development programs.
• With licenses in 48 states and a large network of wholesale investors, NEXA provides a robust platform for loan officers to excel.

How Did NEXA Mortgage, LLC Grow So Rapidly?

• The company’s growth can be attributed to CEO Mike Kortas’s innovative vision, the implementation of the MLO Revenue Share Residual Income Career Opportunity program, and a focus on creating a supportive and thriving work environment for loan officers.