Tagged: Gustan cho, Mat Grella, Mike Kortas, Mortgage NEWS
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MAT Grella Terminated From NEXA Mortgage
Posted by Brandon on March 28, 2024 at 2:42 pmCEO Mike Kortas terminates co-founder Mat Grella of NEXA Mortgage. More to come.
https://nationalmortgageprofessional.com/news/co-founder-mat-grella-terminated-nexa
Gustan replied 7 months, 4 weeks ago 12 Members · 14 Replies -
14 Replies
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Want to wish Mat Grella tge very best on his future endeavors. Mat Grella is an extremely powerful and intelligent leader and a man with a great heart. We are all going to miss him on his departure from NEXA Mortgage and with him the very best on anything he does. Wish you the very best to you and your family, my dear friend
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Wish Mat Grella and his family the very best. It was great meeting you Mat Grella at United Wholesale Mortgage recruiting event.
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Mat Grella was the co-founder of NEXA MORTGAGE and 50% owner. I think there is more to the story than what we are hearing from the media. No doubt that CEO Mike Kortas runs the show and is the apha leader but how can a founder fire a co-founder
https://www.mpamag.com/us/news/general/nexa-co-founder-terminated/483111
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The mortgage industry in the nation is in awe and shock with the split between CEO MIKE KORTAS and NEXA Mortgage President Mat Grella. Everyone in the mortgage industry thought CEO Mike Kortas and Mat Grella were the dynamic duo and inseparable. No doubt nobody knows the true reason for the split but I am sure more is coming. Insiders are talking about this and knowing the transparency CEO Kortas has, the real reason will be revealed sooner than later.
https://www.housingwire.com/articles/nexa-mortgage-co-founders-are-splitting/
housingwire.com
NEXA Mortgage co-founders are splitting - HousingWire
Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage, are in negotiations to end their partnership.
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NEXA Mortgage LLC is the largest mortgage broker in the United States 🇺🇸 and still growing strong. Under the leadership of CEO MIKE KORTAS, there’s no other mortgage company that offers what NEXA Mortgage LLC offers. Recent polls show 98.7% of loan officers intend on staying at NEXA Mortgage LLC for the rest of their mortgage careers due to CEO MIKE KORTAS and his stellar leadership
https://gustancho.com/career-opportunities/
gustancho.com
NEXA Career Opportunities » Mortgages » Realtor - MLO
Career Opportunities as mortgage loan originators, mortgage processors, account managers, loan processors, mortgage underwriters now available
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Wish Mr. Mat Grella the very best. Always liked Mr. Grella and always thought CEO Kortas and Mat Grella made a phenomenal team and the future was rock solid.
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NEXA Mortgage LLC leadership solit has a $6 29 Billion dollar empire at stake the largest mortgage company in the United States 🇺🇸 has an estimated $6.29 Billion market value and that valuation is at stake with the recent shakeout of leadership which is the termination of Co-founder Mat Grella
CEO Mike Kortas is the Chief Executive Officer and senior partner who has 50.5% of the company and is obviously the chief Dog at NEXA Mortgage.
https://super.news/en/articles/2024/03/28/nexa-mortgage-faces-leadership-crisis-6-29-b-at-stake
super.news
NEXA Mortgage Faces Leadership Crisis, $6.29B at Stake
- NEXA Mortgage co-founders Mike Kortas and Mat Grella are ending their partnership; Grella has been terminated from daily operations. - Negotiations for the buyout of Grella's minority share are ongoing, with potential litigation hinted due to
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This link about CEO Mike Kortas is inspiring and gives a true picture about how great this leader is and how he grew to the top. From what I heard about CEO Mike Kortas is hands down this legend is an icon who is loved and respected by all of his Branch Managers and senior advisors and feared by those who try to play him. CEO Kortas is an extremely intelligent and generous man who will not just fire anyone for greed or due to a power trip. I don’t know what happened between CEO Mike Kortas and Mat Grella and will absolutely not place any judgments nor opinions until facts get released and even then need to confirm from both sides.
https://nationalmortgageprofessional.com/news/nexa-big-thing
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Michael Kortas, the Chief Executive Officer and co-founder of NEXA Mortgage snapped and decided to terminate co-founder Mat Grella before separation talks finalized. Co-founder Mat Grella, owner of 49.5% of NEXA Mortgage, LLC. expressed interest in being bought out in November 2023 to spend more time with his family and young twin children. Mat Grella’s scope of work was to run the day to day operations of NEXA Mortgage, LLC and manage its 2,500 licensed mortgage loan originators while CEO Mike Kortas’s role was the visionary of NEXA Mortgage. Everyone at NEXA Mortgage knew CEO Kortas was the alpha male and had the ultimately say so on which direction the largest mortgage brokerage in the country will go.
Nexa Mortgage is a mortgage broker based in Chandler, Arizona, USA. It operates as a retail mortgage broker, connecting borrowers with a variety of loan products from different lenders. The company focuses on providing personalized service and support throughout the mortgage process. Nexa Mortgage aims to streamline the mortgage experience for homebuyers and homeowners looking to refinance. As of my last update in January 2024 Nexa Mortgage continues to operate in the mortgage industry. For the most recent information, it’s advisable to visit their official website or check recent news updates. As of my last update CEO Michael Kortas is the Chief Executve Officer with Nexa Mortgage in a specific role or capacity, but without further context, it’s challenging to provide specific information. If Michael Kortas has become relevant to Nexa Mortgage or the mortgage industry more broadly after my last update, I would recommend consulting recent sources or Nexa Mortgage’s official channels for accurate information.
Gustan Cho Associates is a dba of NEXA Mortgage, LLC. Gustan Cho NMLS 873293 is a well-known figure in the mortgage industry. Gustan Cho Associates is the founder and CEO of Gustan Cho Associates Mortgage Group, a mortgage brokerage firm based in Oakbrook Terrace, Illinois, USA. Gustan Cho is recognized for his expertise in mortgage lending and has a significant presence in the mortgage community, particularly in providing information and guidance to borrowers with unique financial situations or those seeking non-traditional mortgage products. Gustan Cho is also known for his contributions as a writer and educator in the mortgage field, often sharing insights and advice through articles, blog posts, and seminars. He has built a reputation for helping borrowers navigate the complexities of the mortgage process, especially those who may have been turned down for loans by other lenders.
As of my last update in January 2024, Gustan Cho of Gustan Cho Associates, headquartered in Oakbrook Terrace, Illinois NMLS 2315275 continues to be an influential figure in the mortgage industry, offering guidance and assistance to borrowers through his mortgage brokerage firm and online platforms. For the most current information about Gustan Cho and his contributions to the mortgage industry, it’s advisable to refer to his official website or other reliable sources. Gustan Cho is a mortgage banker and the founder of Gustan Cho Associates, a mortgage company based in Oakbrook Terrace, Illinois, United States. Licensed in 48 states including Washington, DC, Puerto Rico, and the U.S. Virgin Islands, here are some key points about Gustan Cho:
- Experience: Cho has over 20 years of experience in the mortgage industry, working as a loan officer, branch manager, and mortgage broker.
- Expertise: He specializes in helping clients with unique or challenging financial situations secure mortgage loans, such as those with low credit scores, high debt-to-income ratios, or non-traditional income sources.
- Blog and online presence: Cho maintains a blog and a YouTube channel where he shares his knowledge and insights about the mortgage industry, providing advice and answering common questions from homebuyers and homeowners.
- Author: He has written a book titled “How to Qualify for FHA Loans for FHA Manual Underwriting Mortgage Guidelines,” which provides guidance on navigating the FHA loan process.
- Media appearances: Cho has been featured in various media outlets, such as Forbes, The Mortgage Reports, and the National Association of Mortgage Brokers, discussing trends and issues in the mortgage industry.
- Industry recognition: Gustan Cho Associates has been recognized as one of the top mortgage companies in the United States by various industry publications and organizations.
- Education and certification: Cho holds a Bachelor’s degree in Business Administration and is a certified mortgage planning specialist (CMPS) and a certified mortgage consultant (CMC).
Throughout his career, Gustan Cho has focused on helping clients achieve their homeownership goals by providing personalized service and expert advice in the mortgage industry.