NEXA Commission Split Explained (2026): NEXA100, the 275 BPS, and Your Real Take-Home

By Renato Rodic, NMLS #1615600 — Licensed Mortgage Loan Originator. NEXA team builder; founder of MLOBOX. Published: June 25, 2026 · Last updated: July 1, 2026

Short answer: Under NEXA Lending (formerly NEXA Mortgage), the NEXA100 plan lets loan officers keep 100% of their commission split with no per-file or hidden fees (HousingWire, MPA). The real cost isn't a hidden split — it's that you run your own P&L: a small monthly tech/software cost, your own marketing, and (for brand-new LOs) a required coaching phase through NEXA University. On my team, I cover the onboarding and the marketing stack, so realistic out-of-pocket after the intro waiver is roughly $80–$103/month. Here's exactly how the money works — third-party sourced for the company facts, first-party for how it runs on my team.

How does the NEXA commission split work?

Historically, NEXA paid loan officers 220 of 275 basis points on most loans and kept the 55-bps difference (National Mortgage Professional). In May 2024, the company launched NEXA100, which lets loan officers, branch managers, and team leaders keep 100% of their commission split with no per-file fees (HousingWire, MPA, BusinessWire). So the "220 of 275" figure describes the old model — under NEXA100 the full 275 bps is the LO's.

What is NEXA100?

NEXA100 is the compensation plan that gives loan officers access to the full 275 bps — the 100% split — instead of the 220 bps the company historically paid (National Mortgage Professional). NEXA's CEO Mike Kortas has said the company can afford this because it earns from its tech platform, events, and revenue share rather than from clipping each LO's split — and NEXA has been profitable since 2017 with thousands of affiliated LOs (National Mortgage Professional). NEXA is now the #1 mortgage broker in the nation (BusinessWire).

How can a broker afford to pay 100%?

Because the split isn't where NEXA makes its margin. Its revenue comes from: - a flat technology cost (a small monthly fee per LO), - its tech platform and events, and - a revenue-share program (overrides on recruited LOs' funded production) (National Mortgage Professional). You keep the commission; you also carry your own business costs — which is where the "what does it really cost" question comes in.

What does NEXA actually cost a loan officer? (the "hidden fees" question)

This is the section people most often get wrong online, so here's how it actually works — these are first-party terms for how it runs on my team, not a third-party estimate:

• New-LO coaching (NEXA University): New loan officers are required to go through NEXA University. It runs 55 bps per file on your first 6 loans — this also satisfies graduation. On those first six, the mentee earns about 165 bps per file, and the mentor's share is capped at $2,000 per file. Once you're "seasoned" — 6+ loans every 90 days — the mentorship fee goes away entirely. (NEXA University is a NEXA-wide program available to every NEXA LO, not a team-specific perk.)
• Recurring tech cost: $80/month, and it's waived for your first 3 months. There are no per-file fees and no hidden fees.
• Loan-origination software (LOS): you choose LendingPad at $80/month (the lean default) or ARIVE at $103/month. Either one bundles NEXA's back-end platform.
• Realistic out-of-pocket after the waiver ≈ just $80–$103/month — essentially the LOS — because on my team I cover the rest: all initial onboarding costs (background/credit check, per-state licensing, NMLS sponsorship fees) and the $699/month MLOBOX marketing stack (more on that below).
• No company leads. You self-generate — so budget for marketing. What I provide instead of "free leads" is the system to build your own pipeline (the covered MLOBOX stack), so the book of business you build is yours.

Trending cheaper: NEXA is building its own tech stack via a bevri.ai partnership aiming to push monthly fees toward zero — that's rolling out, not fully here yet, so I quote today's real numbers above.

They're not "hidden" fees if you ask up front. The reason this model favors producers over beginners-without-a-plan is the self-generated pipeline, not a secret split.

How does the NEXA revenue share / downline work?

NEXA pays you 10 bps every time a loan officer you recruited originates a loan — down three levels (National Mortgage Professional). The override is paid on real funded loans, not on sign-ups or recruiting fees — the distinction that separates it from an MLM. It's passive, it compounds, and it stays yours even if you or your recruits later move (NEXA doesn't claw it back).

Most LOs never actually build a downline because no one taught them to recruit. Here's how my team helps: the covered MLOBOX stack includes a recruiting website and team-building marketing, plus a personal AI agent that answers recruit questions 24/7 — and I coach you directly on how to run it (I built MLOBOX and run the team, so it isn't an absentee sponsorship).

How much do NEXA loan officers actually take home?

Income tracks production — there are no income guarantees, no base, and no draw. Public data for context: - Glassdoor: ~$148K/year average, up to ~$258K for top earners (Glassdoor). - Indeed: ~$210K/year average (Indeed).

Example scenario (illustrative, not a guarantee): take a seasoned LO past the mentorship phase, keeping the full 275 bps under NEXA100. One funded $300K loan per month at 275 bps is roughly $8,250/month gross (~$99K/year) before your own costs; two per month roughly doubles that to about $198K/year gross. Subtract your realistic monthly out-of-pocket (~$80–$103 for the LOS on my team) and your own marketing spend. During your first six loans the NEXA University math applies instead (mentee ~165 bps/file, mentor capped at $2,000/file). Your actual take-home depends entirely on your pipeline.

The 100% split raises the ceiling; your pipeline determines where you land under it.

Frequently Asked Questions

What is NEXA's commission split? 100% under NEXA100 (launched May 2024), versus the older 220-of-275-bps model — with no per-file fees (HousingWire; NMP).

What does "275 bps" mean at NEXA? 275 basis points is the full compensation on most loans. NEXA historically paid LOs 220 of it and now, under NEXA100, lets the LO keep the full 275 (NMP).

Are there hidden fees at NEXA? No per-file or hidden fees. The recurring tech cost is $80/month (waived for the first 3 months), plus your loan-origination software — LendingPad at $80/month or ARIVE at $103/month. New LOs are required to complete NEXA University, which runs 55 bps per file on the first 6 loans and then goes away once you're seasoned (6+ loans every 90 days). On my team, realistic out-of-pocket after the waiver is roughly $80–$103/month because I cover onboarding and the marketing stack.

Is NEXA's revenue share an MLM? No — overrides (10 bps, down three levels) are paid on real funded loans, not on recruiting fees or sign-ups (NMP).

How much can I make at NEXA? Public averages run ~$148K (Glassdoor) to ~$210K (Indeed), higher for top producers. Pay tracks your own production — there's no base or draw and no income guarantee (Glassdoor; Indeed).

👉 Want to see your real numbers under the 100% model? Run a private 2-minute comparison →