Preferred Realtor Partner Kay Anne
Preferred Realtor PartnerForum Replies Created
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I heard Edge Home Finance, a national mortgage broker licensed in multiple states has been sold. Edge Home Finance is not a direct lender nor a mortgage broker. They had an aggressive recruitment campaign recruiting producing mortgage loan originators become independent mortgage loan originators or MLOs interested in having their own P and L. Many mom and pop independent mortgage brokers surrendered their NMLS mortgage broker company license in multiple states and joined Edge Home Finance on the promise they can operate as their own DBA with their own P and L and still operate their own mortgage broker company with full independence. Now, those folks are shit out of luck and now need to go back and re-open their own P and L NMLS mortgage broker since Edge Home Finance is not longer in business and has been sold. Many similar NMLS licensed mortgage brokers such as EDGE HOME FINANCE are offering full independence by surrendering your current brick and mortar mom and pop mortgage broker and join their larger mortgage broker and save hassles, such as licensing, bonding, corporate infrastructure, accounting, insurance, payroll, P and L, compliance, and operate under your own DBA and handle your own P and L for a fee, which can be basis points per file or a flat fee per closed loan. Some of similar mortgage brokers like Edge Home Finance are the following:
1. NEXA Lending.
2. LOAN FACTORY
3. BARRETT FINANCIAL GROUP
4. C2 FINANCIAL
5. SEA TO SEA MORTGAGE LENDING (C2C Mortgage Lending).
Can you please name other mortgage brokers with similar business models and operations platforms like Edge Home Finance? Heard there were rumors that Nexa Lending is for sale also and the CEO, Mike Kortas, sent out several memos via the internet and social media platforms that is was a blatant lie. Can you please also cover each of these mortgage broker operations and compensation systems and models and if it misleading to give up your own mom and pop mortgage broker and join one of these mortgage brokers as a mortgage net branch?
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Trump’s Cabinet Loyalty Culture: When Praise Starts Sound Like Political Survival
A closer look at Trump’s loyalty culture, from Todd Blanche and Pam Bondi to Kristi Noem and Kash Patel, and why it matters politically.
In Trump’s world, praise is not just public relations. It can look like a job requirement, a survival tactic, and a warning sign that institutions are being reshaped around one man instead of the offices they are supposed to protect.
The central issue is bigger than whether Trump allies flatter him too much. The real issue is whether top officials are behaving like independent public servants or like political courtiers whose first duty is public devotion to the president. Recent reporting gives that concern real substance. Reuters has described Kash Patel as a Trump “loyalist,” reported that Pam Bondi dismantled long-standing Justice Department independence from the White House, and quoted acting Attorney General Todd Blanche saying Trump has the “right” to influence investigations.
This Is Not Just Normal Political Loyalty
Every administration wants loyal appointees. That part is normal. What makes Trump’s circle stand out is the degree to which public praise and personal allegiance appear to be central to how power is exercised.
Reuters’ reporting on Patel, Bondi, and Blanche points to a leadership culture where loyalty to Trump is not merely ideological agreement but a defining test of who belongs and who rises.
That is why so many critics react strongly to the language used by Trump allies. When officials repeatedly frame Trump in glowing, almost ceremonial terms, the public impression is not just support. The impression is that they are signaling obedience, gratitude, and personal allegiance in ways that go beyond defending policy. That perception becomes even stronger when those same officials are put in positions that are supposed to require some distance from presidential pressure, especially at DOJ and the FBI.
Todd Blanche Shows the Pattern Most Clearly
Todd Blanche may be the cleanest example because the issue is not merely tone. It is substance. Reuters reported on April 7 that Blanche said Trump not only has the right but the duty to influence investigations involving people who previously investigated him.
In other words, the concern is not only that Blanche sounds loyal. It is that he appears to redefine the role itself around Trump’s personal interests.
That is an extraordinary position for the acting attorney general to take because it blurs the line between the presidency and prosecutorial independence. That statement matters more than any compliment or flattering phrase. It suggests that Blanche’s view of the Justice Department is deeply tied to Trump’s personal authority and grievances.
Pam Bondi Helped Turn the Justice Department Into a Political Instrument
Pam Bondi’s tenure is important because Reuters framed it in unusually direct terms. When Trump fired her in early April, Reuters reported that during her time as attorney general she was a “combative champion” of Trump’s agenda and had dismantled the Justice Department’s long-standing tradition of independence from the White House in investigations. That is a major institutional criticism, not just a personality note.
Bondi’s story also shows how loyalty politics can work both ways. Even a highly supportive attorney general was reportedly vulnerable if Trump felt she was not aggressive enough in going after his perceived enemies.
Reuters reported that Trump’s frustration included what he saw as a lack of aggression. That suggests the loyalty test is not static. It can intensify, with subordinates pressured to keep proving they are willing to fight for him.
Kash Patel Embodies the Loyalist Style
Reuters’ description of Kash Patel is unusually revealing because it does not treat him as a conventional FBI choice. Reuters reported in late 2024 that Trump picked Patel, a “loyalist,” to head the FBI. That framing matters because the FBI director is not supposed to be seen primarily as the president’s personal loyalist.
The office is supposed to project some independence from partisan or personal command. This is why Patel’s public style attracts so much attention.
Even without relying on every colorful quote circulating online, the broader pattern is clear enough from mainstream reporting: Patel’s political identity has long been tied to Trump personally, not just to conservative law-and-order policy. When that kind of figure leads the FBI, critics naturally worry that public praise of Trump is not decorative language but a signal of how decisions may be filtered inside the bureau.
Kristi Noem’s Role Was About Visible Alignment With Trump’s Message
Kristi Noem’s example is somewhat different, but it still fits the pattern. That does not prove sycophancy by itself, but it shows how political value in Trump’s orbit is often tied to visibly carrying his message and surviving criticism through alignment with him.
Reuters reported in January that Trump defended Noem and said she was doing a “very good job” even as Democratic leaders threatened impeachment and criticism mounted over Homeland Security controversies.
In practice, that means officials like Noem are often judged less by whether they appear institutionally restrained and more by whether they look tough, loyal, and fully synchronized with Trump’s public posture. That creates a different kind of executive culture, one where visible devotion can matter as much as administrative performance.
Why This Kind of Praise Culture Matters
A praise-heavy political culture can sound petty or theatrical, but the real stakes are institutional. When leaders at DOJ, DHS, or the FBI appear to speak as if their first duty is to validate the president’s greatness or protect his personal position, public trust in those institutions weakens.
People start to believe the agency is no longer operating by neutral standards. They start to believe it serves the leader first. Reuters’ reporting on Bondi and Blanche directly supports that concern.
This is why critics focus so much on the tone. The language is a clue to the structure underneath. Excessive praise is often the visible symptom of a deeper problem: institutions being reorganized around one person’s ego, preferences, and feuds rather than around law, process, and public service.
In Trump’s Orbit, Praise Can Look Like Job Insurance
Another reason this pattern keeps appearing is that Trump’s political history teaches officials a simple lesson: visible loyalty helps, distance hurts. Reuters’ coverage of Bondi’s firing shows that even officials already viewed as strong allies can fall if Trump believes they are not sufficiently aggressive or useful. In that kind of environment, praise is not only ideological.
It becomes protective. It is a way to reassure the leader, the base, and the surrounding power structure that you are still fully on board.
That makes the rhetoric more understandable, but not less significant. It suggests that the exaggerated compliments many observers notice may be part of a political incentive system. The official is not simply admiring the president. The official may be signaling, “I am loyal, I belong here, and I will use this office in ways you approve of.” That is what makes the language feel so loaded.
The Bigger Political Risk for Trump
There is also a political downside for Trump. A White House filled with officials who sound overly deferential can energize the president’s core supporters, but it can alienate independents and moderates who want signs of competence and restraint rather than court-style flattery. The more top officials sound like personal defenders instead of institutional stewards, the easier it becomes for critics to argue that the administration is driven by loyalty and grievance rather than stable governance. That risk grows when the officials involved oversee justice, investigations, or homeland security.
Final Take
The point is not simply that Trump officials praise Trump. Every administration has loyalists and message enforcers. The point is that in Trump’s case, recent reporting suggests something more personal and more structurally important: a culture in which public devotion to the president can appear central to holding power, shaping investigations, and defining the mission of institutions that are supposed to serve the country, not the man. Blanche’s comments, Bondi’s DOJ record, Patel’s loyalist profile, and Noem’s highly visible alignment all fit that larger pattern.
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Great questions and topic of discussion for those thinking on comparing several different mortgage companies as their parent companies.. I read the compensation plan of NEXA Mortgage which is the follows: 275 lender paid compensation, NEXA takes 55 basis points 25 basis point to NEXA up to $3 million and 30 basis points for revenue share up to $3 million up to $3million. Everything over $3 milllion is 100% to the loan originator. 220 basis point to the independent LOAN FACTORY is 250 compensation and $595.00 per file and $500.00 inhouse processing fee for a total of $1095.00 per file and 100% to independent MLO. Don’t know other lenders. Who has the best compensation package.
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What type of questions should I ask when interviewing with a mortgage company recruiting mortgage net branch opportunities: I will list some of the questions I have but if I forget important questions that are important, I would appreciate it if you can advise and remind me. First question is the compensation of the mortgage net branch, and the recommended compensation for the loan officer? Self-Generated Leads vs Branch Leads. What are the junk and administrative fees, such as tech fees, CRM, etc. Can you operate as a dba and what does that entail and cost? Who does the processing? Contract Processing? Can you hire your own mortgage processors and Loan Officer Assistants, Marketing People? Can I use an overseas Virtual Assistance Company I have been using for many years? Can I operate my own mortgage broker company in Illinois and be with the mortgage net branch company for all other states that my mortgage broker is not licensed?
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You’ve got part of it right, but a few details are off when you consider the NMLS and state rules that will apply by 2026.
General Principle of Sponsorship
Most states follow the rule that each mortgage loan officer can only have one sponsor in each state. You cannot have more than one sponsor in a state, or be sponsored by more than one mortgage company for work in that state. Even if you own All-World Mortgage Brokers in Illinois, you still have to be sponsored by your own company there, and having a second sponsor in Illinois is not allowed.
Possibilities of Multi-State Dual Sponsorship
Your situation might work in other states besides Illinois. Your Illinois company can sponsor you only for Illinois, while another company, like a lender, can sponsor you in other states where your company does not do business. This is allowed in some states if the state regulators approve it.
Main Exceptions and Limitations
- Only a handful of states—Colorado, Delaware, Maine, Minnesota, Texas, and Washington—let you have more than one sponsor at a time.
- Some states, including Georgia, Montana, Ohio, Oregon, North Carolina, and Pennsylvania, have stricter rules. If certain companies sponsor you there, you are not allowed to have any other sponsors.
South Carolina, Nebraska, and Arkansas go even further, completely banning any other sponsors anywhere.
- Broker vs lender rules: As a brokerage owner, you can do loans in Illinois under your own sponsorship and be sponsored in other states, but be careful. Lenders and compliance teams often question these dual setups because they might cause conflicts of interest. Also, your employer’s rules and agency guidelines, such as the FHA’s rules on working for more than one company, can make this illegal. There have been cases where someone had a main job in Arizona and a secondary one in Illinois, but this only worked when both employers knew about it, and there was no sharing of clients or files.
Before anything, check the NMLS state-specific sponsorship reports and talk with an Ohio mortgage attorney to confirm these things, as the rules do change and Ohio has some unique requirements.
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Is it legal for mortgage loan officers to work for two companies in different states
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Your question is very good and is very particular to how different mortgage companies structure their business. Your comment about NEXA Lending and SMP is very accurate and demonstrates a textbook example of a business model based on contract processing. In this instance, let’s try to classify what companies tend to use each model.
CompaniesThat Use Contract Mortgage Processing Most
- The principal reason a company implements contract processing is to achieve a more streamlined, assets-light business model that is predominantly centered around sales and origination.
- The idea is to minimize fixed overhead, human resource challenges, and the operational complications of overseeing a large back-office.
The main consumers are:1. Independent Mortgage Brokers:
- This is the quintessential example.
- As a small brokerage, you live and die by your loan volume.
- With a contract processor, you can expand your back-office as your deal flow increases, and avoid the expense of a full-time salary during a slow month.
- This keeps overhead to a minimum and protects your profit margins.
Independent Loan Officers (at Mortgage Banks or Brokers):
This is the NEXA Lending model you explained. Other companies within the same space as NEXA, such as United Wholesale Mortgage (UWM), and competing lenders, are referred to as platform lenders. They provide the LO (Loan Officer) with licensing, a lender umbrella, competitive pricing, and technology, but the LO is treated as an independent business owner.
In this case, the LO covers all their own business expenses, including the cost of processing. They pay a platform (like NEXA) a fee and pay their contract processor (like SMP) separately.
This model grants the LO the highest degree of independence. Your comment about SMP being licensed in all 50 states is a huge benefit to LOs working with these national platforms as they can close loans in any state, meaning LOs do not have to search for a new, locally licensed processor for each transaction.
Small to Mid-Sized Mortgage Banks:
Even some smaller mortgage banks that are able to self-fund their loans utilize contract processing. They may have one or two senior in-house underwriters or managers, but they subcontract the majority of the file prep to contract firms. This allows them to direct their resources toward lending and technology as opposed to operational personnel.
What Companies Use In-House Mortgage Processors?
When a mortgage company utilizes in-house processors, this allows them to take total control over the loan’s entire lifespan, top to bottom. This is critical for companies that tailor specific touchpoints in the customer’s journey, have specialized unique product offerings, or process an operational capacity high enough that the process is better off being done in-house.
The most prominent examples include:Major Retail Banks/Credit Unions:
- These would be Wells Fargo, Chase, Bank of America, or a large regional credit union.
- For these banks, the mortgage is simply a single touchpoint in the journey of a broader, more extensive banking relationship.
- They need total control over the entire process to manage their brand loyalty, stay compliant with their own overlays, and be able to market their other bank products.
- Their employees completely manage the customer journey, from the loan officer all the way through to the processor, underwriter, and closer.
Big Full-Service Mortgage Banking Companies
- Companies such as Rocket Mortgage and loanDepot operate on such a large and nationwide scale that at their volume, is far more cost effective to build and operate their own internal processing and underwriting centers.
- They also spend a lot on their own technologies, systems and employee process automation, and extensive employee training.
- This type of integration provides them the control and velocity across the entire process, which is a fundamental value ad to the customer.
Specialty Lenders:
- Companies that operate within a narrower scope and deal with more complicated types of loans, such as loans for new construction, reverse mortgages, or hard-money lending, nearly always utilize in-house processors.
- This is because such loans demand a special type of in-depth knowledge, specific types of documentation, and a lot of contact that a third-party contractor would find burdensome, such that an in-house team becomes a specialist in that specific type of loan.
In conclusion, the decision often comes down to a company’s business model and philosophy. Companies that are built to empower in originators (which are brokers and independent LOs) are more likely to use contract processors because of the nimbleness and the control it offers. Companies with an emphasis on a centralized retail or direct-to-consumer model are more inclined to utilize in-house processors for the sake of control, consistency, and a standardized customer experience.
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Chicago is facing a $1 billion budget crisis—and it didn’t happen by accident. Mayor Brandon Johnson spent roughly $600 million on migrants, promised voters he would never raise property taxes, and now taxpayers are stuck holding the bag.
In this video, I break down exactly how Chicago got here, why the mayor’s budget collapsed, and how City Hall ended up raising taxes on everyday residents while protecting the political agenda that caused the disaster. From rejected property tax hikes, to payday-loan style borrowing, to taxing grocery bags and Uber rides, this is what happens when virtue signaling meets reality.
Poll numbers are collapsing. Voters feel betrayed. And the people paying the price aren’t the politicians—it’s working Chicago families.
This isn’t about left vs right. It’s about honesty, accountability, and who really gets hurt when leadership fails.
https://youtu.be/pDtGnPqoWw0?si=oz4ayfi0wHRyWdP9
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This reply was modified 3 months, 1 week ago by Kay Anne.
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This reply was modified 3 months, 1 week ago by
Sapna Sharma.
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Thank you for explaining bitcoin and how it works but I am still very confused. Can you please explain more step by step about what is cryptocurrency and bitcoin, what do people mean by mining bitcoin, why certain merchants, vendors, banks, mortgage companies, credit unions, and financial institutions discount people who use bitcoin versus cash or the dollar, if you can have several case scenarios on bitcoin transactions and what the experts are forecasting on the future of bicoin, potential rewards, and risk factors. Thank you.