[Connie]

Several of my fellow mortgage loan originators were thinking of joining NEXA Lending and becoming independent mortgage loan originators and eventually become branch managers with a brick and mortar. Many things about NEXA Lending interested us and one of the major things that stuck out was the owner saying with conviction that NEXA Lending pays 100% to their loan officers which is not true. NEXA Lending takes 55 basis points right from the top of the 275 basis points. 25 basis points goes straight to NEXA up to $3 million in volume and then the loan officer gets 100% with any production over $3 million. Then 30 basis points gets deducted and gets allocated to revenue share. You are then left with 220 basis points. What would you pay loan officers if you have your own P and L brick and mortar branch? What would expenses be? How about employer matching taxes on W2 employees? I heard there were many junk fees like tech fees, accounting fees, and other fees? Do you have enough spread to pay for receptionist, processors, LOAs, rent, utilities, marketing expenses, insurance, licensing, reserves, and other fees and costs to comfortably run a brick and mortar P and L mortgage net branch? I heard there are other similar mortgage companies similar to NEXA Lending? Some names that came to mind is C2 Financial, Barrett Financial, Loan Factory, Edge Home Loans, or starting your own broker shop. Can you please advise on other mortgage net branch vs your own mortgage broker opportunities, costs, expenses, and maintainance fees in running them? Very much appraciated.

https://gustancho.com/careers/

gustancho.com

Mortgage Branch Manager Opportunity Careers

Mortgage Branch Manager Opportunity Careers for goal oriented licensed loan officers. Start as an independent loan officer on your own P and L

[Connie]

From my understanding, you can be sponsored by two different mortgage companies at the same time if the following holds true:

1. You are the owner of All-World Mortgage Brokers and the mortgage brokerage company is licensed in one state: Let’s say they are only licensed in Illinois.

2. All other states aside of Illinois, you can be sponsored by another mortgage company but cannot be licensed in two companies in the same state.

Correct me if I am wrong. This is what I was under the impression and understanding of for many years.

[Connie]

FSBO.com has started a new chapter with Mike Kortas, CEO of NEXA Lending, and Brad Rice, CEO of Homepie, leading the way. Together, through their company, FSBO Holdings, LLC, they want to remake FSBO.com as a lively, easy-to-use site that uses artificial intelligence to help users.

Current State of FSBO.com

• As one of the pioneers in the ‘For Sale By Owner’ space, FSBO.com empowers homeowners to take charge and connect directly with buyers, eliminating the need for a listing agent.
• With nearly three decades of experience, the site’s mission has always been to put homeowners in the driver’s seat, helping them save on commissions and steer their own sales.
• FSBO.com offers affordable listing packages and makes it easier to get on the Multiple Listing Service. Sellers’ homes are also shown on big sites like Zillow, Realtor.com, and Trulia.

Main Features and Services

• For about $399.95, the MLS plus FSBO package lets sellers list their home for 6 months on FSBO.com and in their local MLS.
• Their listings also appear on big national sites like Zillow and Realtor.com, as well as state-specific sites.
• In the ‘Sell’ section, sellers can get bright yard signs and marketing materials to help their listing stand out.
• They can also find home sale contracts for their state, with a satisfaction guarantee and all the needed paperwork.
• FSBO.com has been a low-cost online place where sellers can make listings, add photos and descriptions, use a flat-fee MLS broker, and work directly with buyers.

The New Ownership: FSBO Holdings LLC

• Mike Kortas, founder and CEO of NEXA Lending, and Brad Rice, CEO of Homepie and Amerifund Home Loans, formed FSBO Holdings LLC to acquire FSBO.com.
• Kortas now serves as CEO of FSBO Holdings, with Rice as president. Kortas holds the majority ownership, though the exact percentage has not been disclosed. Kortas clarified that NEXA does not own FSBO.com; instead, NEXA is expected to benefit indirectly through lead discounts and site aggregation.
• This approach aligns with Kortas’s ‘platform and joint venture’ strategy, which keeps the asset in a separate entity and allows NEXA loan officers to access consumer traffic and data. Rade and AI-Driven Changes.

Industry News About The Sale Of FSBO Holdings LLC

Industry news and updates about the sale show that the new owners plan to make FSBO.com easier to use, with simpler navigation and helpful AI tools and guides. Some of the main changes will be:

• The platform will introduce an AI-powered guide to help homeowners and buyers navigate each step of the transaction with newfound confidence and fewer obstacles.
• Instead of using complex legal terminology, the artificial intelligence system will:
• Turn contracts and disclosures into plain language and simple, step-by-step instructions.
• Guide buyers and sellers through negotiations like offers, counteroffers, and special conditions in a clear, organized way that helps users stay in control. Each task and next step will be explained clearly.
• The goal is to support the independent FSBO approach, helping sellers avoid traditional commissions while still feeling supported. Instead of taking over for people, the plan is to make the process easier and help users make good decisions.
• Imagine a first-time FSBO seller entering a few property details and having AI handle disclosures, suggest prices, write the listing description, and create a step-by-step checklist from listing to closing, including contract templates and state-specific advice.

Strategic Angle for NEXA and Loan Officers

• Kortas explained that while NEXA is not the owner of FSBO.com, the company stands to gain from discounted leads and streamlined consumer inquiries.
• NEXA loan officers could soon see FSBO-sourced leads flowing in, thanks to a fast-track integration of the new technology.
• Kortas also shared his early 2000s experience using FSBO.com as a loan officer, and he plans to draw on this background to help NEXA loan officers make the most of FSBO leads. In practice, this will likely involve:
• FSBO sellers will be encouraged to consider financing, refinancing, or pre-approval options offered by NEXA loan officers.
• NEXA loan officers could use FSBO.com as a great place to find new clients, especially in areas with lots of FSBO listings.
• AI will help sort and qualify these leads early in the process.
• With 30 years of brand recognition, FSBO.com stands as a trusted name for agent-free home sales. Competing with sites like ForSaleByOwner.com and flat-fee MLS services, FSBO.com is now evolving into an AI-guided, interactive experience.
• The acquisition marks a long-term push to modernize the platform, making it scalable and consumer-centric, while offering education, connections, and collaboration at every stage of the home-selling journey.

If needed, this content can be transformed into a press-ready, SEO-optimized article, complete with structured headings, a compelling meta description, and real-world examples tailored for loan officers in blogs or industry forums.

https://gcamortgage.com/

• This reply was modified 2 weeks, 4 days ago by  Connie.

[Connie]

Alot of sellers of silver that I strongly believe they will regret selling their silver at this price

https://youtu.be/02zsgVPZD8M?si=E1z2gyA_bJ11V5LD

[Connie]

Silver price per ounce has been extremely volatile and is holding strong at the $100 an ounce resistance support level. Silver has gone up as high as $117.00 an ounce and fell back to $103.00 dollars an ounce. As of now, price of silver an ounce is at $112.00

Strongly believe silver price per ounce will surpass $1,000 dollars an ounce in the coming weeks/months. Stay tuned folks

[Connie]

The Mayor of Minneapolis is facing major pressure after Target’s shocking decision to pull out of the state. The move has raised serious concerns about trust, economic stability, and the future of major businesses in Minnesota.

As one of the largest retail chains in the country rethinks its presence, questions are growing about what went wrong and how this could impact jobs, local businesses, and the city’s economy.

https://youtu.be/Dd2zdDC58Cw?si=3dc5pFnWTRBeLQ0v

• This reply was modified 1 month, 1 week ago by  Sapna Sharma.

[Connie]

For Business Inquiries: daniel.whitmore11@outlook.com

Mayor Jacob Frey’s Wife TIED TO Somali FRAUD – Feeding Our Future
Minneapolis Mayor Jacob Frey is facing a massive scandal after explosive allegations surfaced connecting his wife to the notorious “Feeding Our Future” fraud case—one of the largest pandemic relief scams in American history. With hundreds of millions of dollars stolen from federal programs meant to feed hungry children, these new revelations raise serious questions about potential conflicts of interest, political corruption, and how deep the mayor’s family connections run into this criminal enterprise.

In this video, we investigate the alleged ties between Mayor Frey’s wife and the Feeding Our Future fraud scheme that has already led to dozens of indictments. From suspicious business relationships and financial connections that were never disclosed, to timeline overlaps that raise red flags about what Frey knew and when, potential conflicts of interest that should have been reported, and whether federal investigators are now looking at the mayor’s family connections, we break down this explosive corruption scandal.

Discover the details of the Feeding Our Future fraud, how Mayor Frey’s wife is allegedly connected, what legal exposure the mayor’s family could face, and whether this scandal will finally end Frey’s political career. When corruption hits this close to home, no politician is safe.

https://youtu.be/8d1V4-jdU6Q?si=jvpmG4bJUUoPA8vP

• This reply was modified 1 month, 1 week ago by  Sapna Sharma.

[Connie]

Kevin O’Leary warns that what’s happening in silver right now is unlike anything he’s seen in his entire 40-year career. This isn’t about chasing a trend—it’s about a fundamental reality Wall Street is completely ignoring. We are on the brink of a historic opportunity that could change the financial future of those who understand what’s happening.

Silver is not just another commodity. It is the most undervalued, misunderstood, and critical asset in the market today. Kevin breaks down the undeniable catalysts set to send silver surging: an industrial demand explosion from solar panels and EVs that is non-negotiable, a severe and worsening supply deficit that miners cannot fix for years, and a paper market manipulation that’s finally breaking down.

He explains why the gold-to-silver ratio is a screaming buy signal, and why the coming rush from institutional money into a tiny physical market will cause prices to move in a way few are prepared for. This is about positioning yourself as a real asset before the crowd realizes what’s happening.

This video provides a complete breakdown of the setup, the risks, and the specific ways you can get exposure—from physical metal to mining stocks. Learn how to protect your wealth from currency debasement and potentially profit from one of the most asymmetrical opportunities in the market.
https://youtu.be/mYAuPUmG34o?si=K_daYEM_9S8s6xgF

• This reply was modified 1 month, 1 week ago by  Sapna Sharma.

[Connie]

Silver price per ounce is skyrocketing past $116.00 an ounce. Record high and the momentum is stronger than ever where its aggressively heading towards $1,000 an ounce and then some.