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AXEN MORTGAGE CAREER OPPORTUNITIES
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HUMBLE, CONSISTENT. HONEST. LEAD BY EXAMPLE = RESPECT + FOUNDATION = GROWTH AND SUCCESS
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Yes, sir, we did. I wanted to pay since CEO Mike and Mrs. Kortas were my guests but CEO Mike grabbed the check which was probably $2,000. Food sucked but the liquid lunch was AMAZING. Cognac and other drinks that I have never heard of. Was feeling pretty good. Actually great. Had an extended hangover that lasted 48 hours.
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4 times? For me it’s a little more than that, John. I am high maintenance my friend.
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Gustan, I loved hearing what you have learned from MIke Kortas and how he has given you so much support. I have been working as a Business Development Manager [ BDM ] for a little over 3 months at NEXA Mortgage with Karen Enslin and I have observed in my life fewer than 10 people, women included, who have been great leaders, great equippers, and great supporters, all with strong loyalty and compassion. It has widened my vision of Hope for myself and others. The only strong, consistent, and focused support that I have seen like this at NEXA Mortgage has been when I was in the U.S. Army in Germany, and when I worked for the City of La Mirada in California. I have also seen it in you Gustan. I look forward to continue learning from you and your Realty Team in the future. I also continue to look forward to working with NEXA Mortgage. Every person that I have been involved with since I began working here has been truly knowledgeable, kind, patient, and supportive. Everyone’s positive influence has helped me to grow more and faster than I have expected. Once again, I’m looking forward to continue learning from you in the future Gustan. Thanks for all that you have done to inform me and inspire me. You make this world a greater place to live and work in.
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Thank you for sharing, James. I am a firm believer in positive criticism and not compliments and believe in consistency. I know everyone can pretend to be a good leader but with time the truth always comes out if they are an imitation. It’s going on two years since I have been working closely with CEO Mike Kortas. He has shown his true character of practicing what he preaches. Not once has he ever not honored what he says he will do 9r what he promised. He has fiercely defended me when a former employee tried to hijack my website which I know my previous CEOs would not have done. I have seen CEO Mike spend tens of thousands of dollars to defend his loan officers who got litigated upon because he believed in them. It is because of CEO Mike Kortas the reason NEXA Mortgage is what it is today and is going to continue to grow. I wrote my experience with CEO Mike to share the wealth loan officers at other companies are missing out and for loan officers at NEXA on how great they have it. Remember that you don’t realize how good you have it until it’s gone. I appreciate your feedback James. All I can tell you is the grass is not Greener on the other side and CEO Mike Kortas is hands down the best leader I have ever met and am blessed to know. If you can share my experience with CEO Mike I would appreciate it and would change other loan officers lives. CEO Kortas is and will be the envy of other CEOs. Grateful and Blessed to have CEO Mike be part of my life and have our backs. God Bless CEO Michael Kortas. The very best to you, James and never hesitate to contact me if there is anything I can do for you.
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Get ready to find your perfect job as Axen Mortgage is hiring in the mortgage industry and connecting people with a top mortgage firm as well. Here’s a brief insight into what the possible career firm of AXEN Mortgage intends to provide in terms of careers, earning, and more:
- Mortgage Loan Counselor(Middle Lenders)
Responsibilities: At Axen Mortgage, MLO assists clients in acquiring securing mortgage funds in the due course of guiding its clientele through the entire processes of application and identifying loans that are within their requirement.
Qualifications: Take note that a valid NMLS wouldn’t hurt, effective communication, and knowledge of mortgage related products and lending terms influencing criteria unsurprisingly might helps.
Advantage: A competitive commission system, constant source of leads, never ending training program aimed at provision of support in compliance and documentation to add on to resources.
- Branch Operational Manager And Team Supervisor
Responsibilities: Mortgages office department heads handle reporting of mortgage loan officers, facilitate the management of branch offices and formulate operation as well as sale strategies to harness for business growth. Their team leaders helps as well in achieving the set sales target and client satisfaction numbers.
Qualifications: Middle management experience in mortgage sales, general knowledge of housing market and ability to foster client relationships and maintain them longer.
Advantage: Mid-to-senior level commission scale, various bonuses and felt opportunities for career growth.
- Underwriting and Processing Specialists
Role: Underwriters ensure that regulations and policies are followed while loan applicants are being processed, which is handled and managed by processors. These two roles are fundamental so that the client enjoys a fluid loan process.
Requirements: Along with experience in mortgage underwriting, applicants must also possess great attention to detail and be familiar with the compliance procedures necessary.
Benefits: Candidates can expect a reasonable salary, career advancement and learning opportunities, potentially along with remote working opportunities.
- Support and Administrative Roles
Role: Support staff perform administrative tasks for loan officers, underwriters and processors by providing them with necessary documents, scheduling appointments and performing various customer services.
Requirements: An applicant is expected to possess good organizational skills, communication skills, and knowledge of terms related to mortgage or real estate.
Benefits: It is common to be provided with a standard salary, along with opportunities to work from home and a helpful workplace.
- Training and Development Programs
Training programs for new employees, constantly educated for license MLOs, and moral support for employees to inform them about updates in the industry is what AXEN Mortgage can help with.
Professional Development: Such programs aim for workshops, certification programs and various sessions that can accelerate career growth within the company.
- Marketing and Business Development
Role: Business Development Officers and Marketers assist in increasing the presence of AXEN Mortgage by establishing relationships with estate agents as well as generating business through effective marketing techniques.
Requirements: A degree in marketing, or business development, or a strong network and prior experience in working in mortgage lending or real estate industries.
Benefits: Commission-based bonuses, career advancement and be part of the growth strategy of AXEN.
- Corporate and Compliance Positions
Role: In addition, HR, finance, or compliance and operations wherein responsibilities are directed towards assuring the proper functioning of AXEN Mortgage and regulatory compliance is also maintained.
Requirements: Working background within the relevant field especially compliance, legal and finance in the mortgage sector.
Benefits: Reasonable salary, job security, and the idea of a home-based or hybrid working environment.
Additional Perks:
Growth Opportunities: Career pathing, mentorship, and leadership opportunities might be offered at AXEN Mortgage to facilitate career progression.
Flexible Work Arrangements: Provision of working remotely, especially for processing and support roles.
Technology and Tools: Employees will use advanced mortgage application packages and social client relation management (CRM) software to enhance their work.
The fact that AXEN Mortgage and NEXA Mortgage, LLC have been praised in the same breath has been my cause for concern. Granted both of these companies are identified as broad reach mortgage brokers, why are they being compared?While there are a few similarities between the two, it is of no doubt that there are some discrepancies which set the two apart. Here’s a comparison to help clarify the key points:
- Company Overview
AXEN Mortgage: Being arguably the newest addition to the mortgage brokerage space, AXEN’s fundamentals are quite different. This comes as no surprise given the fact that the new broker is focused on cutting down the complexity of obtaining a mortgage loan, technology, and customer experience.
NEXA Mortgage, LLC: The company’s foundation was based upon becoming one of the biggest and fastest growing mortgage brokers in the united states. This vision is quite easy to be achieved given how big the company is in terms of the number of loan officers and their geographical range.
- Loan Products and Services
AXEN Mortgage: Alongside several loan options which include conventional, FHA, VA, USDA and non-QM loans particularly DSCR and bank statement, AXEN also largely focuses on providing alternative options to those borrowers that have unique financial demands.
NEXA Mortgage, LLC: From a traditional mortgage to jumbo loans, reverse mortgages, and niche non-QM, NEXA provides an enormous range of products. The company has an incredibly large network of lenders, allowing it to offer a vast amount of options to its clients.
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Technology and Customer Experience
AXEN Mortgage: Focusing on the technology revolution, the company has tried to minimize paperwork, loan applications, and overall borrower’s understanding by digitizing its many processes. This attention to technology enables AXEN to deliver a very smooth and effective experience to the borrower.
NEXA Mortgage, LLC: Has well built structures, through its platform NEXA links up or connects a large number of it’s loan officers in various states. NEXA is able to utilize technological devices to add value to their operations but prefers to have a considerable in-person community through its network. -
Career Opportunities and Culture
AXEN Mortgage: Being a young and more flexible organization, AXEN is likely to place more emphasis carving a culture that is supportive towards growth, new technology, and providing a specialized client focus. It has a variety of commission plans, different types of positions (including loan officer, and support position), and working hours adapted for employees.
NEXA Mortgage, LLC: Having a set structure, NEXA has an extensive network for recruitment as well as plenty of career opportunities especially for loan officers. More competitive in terms of sales, NEXA has great backup, materials, and training provided but most needed are high production and a strong cultural work rhythm. -
Areas of Operation and Licensing
AXEN Mortgage: Primarily licensed in several states and continuing to grow. It may not have as much coverage as NEXA as yet, being a younger company, but it is expanding.
NEXA Mortgage, LLC: Among the largest mortgagors in the country, NEXA Mortgage operates almost in all the states and therefore has a wide geographical presence enabling loan officers to transact in many states.
- Marketing and Lead Generation
AXEN Mortgage: Uses a blend of online strategies and outreach to the customers in order to locate as well as interface with potential customers. Marketing of AXEN’s strategy has digital channels which enable easy flow of the borrowers.
NEXA Mortgage, LLC: Has been recognized for excellent lead generation and comes with a strong referral base, and real estate relations as well as personal connections. NEXA strategy where loan officers are able to generate leads enables them to deal with more clients and other opportunities.
- Formular Payments and Commission Compensation Structures
AXEN Mortgage: The compensation structures are highly competitive for commissions especially for the new loan officers since its focus is on the individual growth and technology advancement orientation.
NEXA mortgage, llc: There’s much weight placed on commission and it’s of a very production level. Incentives get paid to loan officers for their efficient performance and the volume and experience have different commission payments.
- Industry Reputation
AXEN Mortgage: As a new business, AXEN’s reputation is growing with a bias towards innovative approaches and flexibility in loan offerings.
NEXA Mortgage, LLC: NEXA has an impressive footprint in the US mortgage market together with a history and a reputation of being a big and diverse brokerage.
Summary
Select AXEN Mortgage if you are looking for a fast-growing company with a strong technology orientation and emphasis on customer satisfaction with other growth opportunities as well as alternative lending solutions.
Select NEXA Mortgage, LLC for a mid-size organized firm with a high volume of production, a national scope, excellent lead generation support, and a productive strategic approach to business.
Both AXEN and NEXA present great opportunities but target slightly different approaches to mortgage brokerage.
Here is a brief description of some of the loan products and career levels offered by AXEN Mortgage and NEXA Mortgage, LLC so you can better understand how the two firms differ in relation to their career offerings and loan specialization services:
- Loan Products and Specializations
AXEN Mortgage
Conventional Loans: Basic financing for purchasing homes for people with credit above average or excellent. Fixed, as well as ARMs, are offered at AXEN mortgages.
Government-Backed Loans: FHA, VA spanning DUSDA loans which may target borrowers with low down payments or precise eligibility.
Non-QM Loans: Non-QM borrowers are unique due to their complex financial requirements, and so AXEN places a considerable emphasis on non-QM products. Such options under non-QM can include the following:
Self-reported income that is not conventional and is received thru self-employment or other such jobs. Self-employed individuals often utilize Bank Statement Loans as a form of income.
Employing DSCR Loans allows real estate investors to use rental income instead of general income to qualify for the loans.
This includes: Complete and near complete mortgages that are easily processed with the absence of necessary documents but the client is in satisfactory standing with their finances. This is further complimented by Jumbo Loans, which are meant for high end properties and on the costlier side in terms of repayment and qualifying.
This applies too Investment Property Loans where investors with no strict rules or guidelines can easily avail rapid closing.
NEXA Mortgage, LLC Regular and Federal loans.
AXEN colleges NEXA to also be a trusted source when it comes to Non-QM loans as they seem to offer a variety which solves the issue of self-employed individuals and real estate investors, who cannot avail traditional loans. NEXA offers a wide selection with substantially varied terms for their loan options, including USDA loans.
Furthermore, NEXA is also known for their government backed loans and their large number of affordable housing options such as VA and FHA loans. Speaking of affordable housing options, NEXA seems to also provide a good volume of investment property loans as well, this is due to the fact they provide investment loans to homeowners and other on minimal guidelines and rapid closing.
Additionally borrowing against these include Asset Based Loans, for those who are retired and wealthy as these loans focus on allowing retirees and affluent population with the opportunity of purchase based on their assets rather than income.
Investment loans are not the only focus NEXA has as they also provide DSCR loans which help depresion of real estate investors borrowing as well.
Another type which compliments the above including interest only loans helps with lower payments during the time period of needing extra loan funds which in return helps support cash flow.
Reverse Mortgages: NEXA also has reverse mortgage products that allow homeowners over the age of 62 to use the home equity as a source of income.
Home Equity Loans and HELOCs: Homeowners have several options of using their equity such as going for mortgage loans with set terms or applying for HELOCs.
Commercial Real Estate Loans: For business proprietors as well as investors NEXA provides the business with loans for the purchase of commercial properties, for businesses, multi-family home investors, and mixed use properties.
- Career Types and Positions
AXEN Mortgage
Mortgage Loan Officer (MLO): Interact with customers finding customers who want to obtain finance and helping them secure the finance that meets their needs. With technology being a major factor for AXEN, many employees are allowed to work from home or the office making it a suitable role for those who prefer online working.
Non-QM Specialist: Since Axen is into non-QM products so MLO’s can deal with unconventional approaches to lending offering range of more options. This is for loan officers who want to be involved in lending of complicated and interesting loan structures to self employed and investor clients.
Branch Manager: Branch Managers are in charge of branch activities, meeting sales expectations, and assisting new loan officer recruits through orientation programs. They are often well-versed in conventional and alternative lending markets, too.
Technology and Digital Marketing Assistant Responsibilities: With an emphasis on developing new technologies in combination marketing and software tools intended for mortgage origination, AXEN appeals to people interested in both finance and technology.
NEXA Mortgage, LLC
Mortgage Loan Originator: With considerable emphasis on high volumes of sales, NEXA’s MLO position involves extensive customer client interactions. NEXA equips its loan officers with contacts and marketing resources which makes it ideal for people who intend to work with many clients simultaneously.
Reverse Mortgage Consultant: For loan officers willing to work on reverse mortgages’sreatment and other more complex client angles, NEXA caters to such professionals as well.
Commercial Real Estate Loan Originator: NEXA approaches the market with a commercial angle in real estate loans – multi-family, retail and mixed-use markets with an interest in covering any business loans off the commercial end. This role will allow for growth opportunities as the lending angle of business and commercial properties expands.
Branch Manager: NEXA has a vast network from which there is a lot of scope for branch management which willingly accepts experienced loan officers who would be interested in supervising the business of certain branches. The expectations from these roles are high and come with certain performance standards along with an attractive commission based payment scheme.
Developing Partnerships in Real Estate: NEXA motivates MLOs to work together with real estate brokers, thus creating new positions that are targeted towards networking, lead generation and developing relations with agents.
- Support, Training and Advancement
AXEN Mortgage: Runs training programs that will assist MLOs in using technology and other digital tools to improve the mortgage process. LOs are educated in non-QM and complicated loan scenarios thereby making the company a good place for those looking to be in alternative lenders.
NEXA Mortgage, LLC: Assists greatly in lead generation, compliance as well as marketing. Their training packages are well equipped with mentorships on high volume call selling, sale scenarios compliance as well as in sales of specialized loans like commercial mortgages and reverse mortgages.
- Commission Plans and Other Benefits
AXEN Mortgage: Is commission-based and capped by market rates. This means that loan officers should be able to work efficiently in a digital environment AXEN has appealing commission structure.
NEXA Mortgage, LLC: Hires nonetheless and it compensated very well also for commissions structured selling, loan officers will be required to do more work. If the loan officer achieved the required level. He/she may also receive bonuses. This may also apply to branch managers who may receive overrides from their teams.
Summary of Key Differentiators
MLOs who intend to join a brokerage with a strong emphasis on non-QM and alternative loans that can drive the use of technology in this field and have support in terms of digital sales will best fit into AXEN Mortgage.
NEXA Mortgage, LLC, is best suitable for mortgage loan officers who like to work in a high business turnover setting with ample help in lead generation, commercial mortgage, and reverse mortgage and with an emphasis on national level and real estate connections.
Now, let us explore a little deeper the commission structures in AXEN Mortgage and NEXA Mortgage, LLC as well as more information on non-QM loan products which each of the company deals in:
- Commission Structures
AXEN Mortgage
Commission on Earnings: AXEN Mortgage operates on a commission model and therefore it can be said it attracts a large loan origination volume as earnings depend on its turnover. Commission structures in AXEN is often setup to encourage relocation of loan officers in to the firm by offering:
High Commission Rates: Loan Officers get paid well for every loan they manage to close as they are given a substantial commission which comes together with bonuses based on the volume of loans managed.
Flexible Commission Tiers: In instances where a high level of production is done by, there are times where AXEN agrees to set wages or bonuses on a tiered commission basis.
Focus on Non-QM Loans: As a result of AXEN’s non-Lien focus, a MLO that specializes in non-QM financing tools will usually have more opportunities to secure large commissions from clients who utilize these financing tools.
Technology Incentives: Because AXEN is a technology-driven brokerage, it is possible that loan officers will have the ability to use marketing tools and automated customer relationship management to help them run their clients without too much out-of-pocket expense.
NEXA Mortgage, LLC
Large Amounts and Large Commissions: NEXA Mortgage has a large percentage of loans because it pays its loan officers a lot and there is a kick to getting a lot of loans closed. Those who stand out and bring more deals are rewarded with larger commissions.
Branch Manager Overrides: Branch managers and team leaders get overrides for the work their team does so it makes sense to have branches with strong mentors who develop managers.
Production Bonuses: Those who are able to do more may also be rewarded with extra bonuses such as meeting a volume target where they are able to process a specific amount of loans. The bonuses could increase income of super achievers tremendously.
Generation of Leads: NEXA also has lead generation and marketing services which are useful for the loan officers. In addition, the services make it easier for clients to meet certain performance conditions.
- Non-QM Loan Products
There’s a specific type of mortgage that is perfect for people who may not be able to qualify under traditional lending standards. Non-QM or Non-Qualified Mortgage is the type of loan that both AXEN and NEXA Mortgage allow. They are Non-QM products which are suitable for people with different financial situations like those who are self-employed and real-estate investors.
AXEN Mortgage’s Non – QM Products
Bank Statement Loans: These loans are for self-employed people and AXEN focuses on them specifically. This is done by using bank statements instead of W2s or tax returns for determining income.
Debt Service Coverage Ratio (DSCR) Loans: DSCR loans allow investors to qualify solely on the rental payments instead of the personal income, thus placing emphasis on cash flows from the property rather than snowballing criteria with personal assets income.
No-Doc and Low-Doc Loans: These types of loans are ideal for high-net-worth individuals who possess significant assets but work on the limited types of income because they don’t demand a minimum form of paperwork/verification.
Asset-Based Loans: AXEN’s vice versa income loans are asset-based which allows the clients to qualify based on their assets for example in case of retirees or people with a good amount of cash but don’t possess work pensions.
Foreign National Loans: For the foreigners who are looking to invest in the U.S. property, AXEN provides specialized loans to help you with the process with relaxation on providing paperwork.
NEXA Mortgage, LLC’s Non-QM Products
Bank Statement and 1099 Loans: As AXEN provides loans to self-employed individuals on the basis of their bank transactions, NEXA loans with have with 1099s with self-employed business loans and with 1099 helping contractors and working people with misplaced income.
DSCR Loans for Investors: NEXA extends its DSCR which is in the range of the rest, making it easier for real-estate investors to look for requirements based on specific types of rental properties as long as the qualifications are provided.
Interest-Only Loans: NEXA has interest-only loans that are made for non-principal repayments and for real people who have unstable earnings thus require smaller payments on a monthly basis making it easier on investments for an expected time.
Jumbo Non-QM Loans: NEXA offers several jumbo non-QM products that take qualification financing to a new level by enabling the borrowing of high value amounts without the burden of traditional jumbo loan qualifications.
Reverse Mortgage Alternatives: Disadvantaged groups such as senior citizens strategies do upl lift then such products are NEXA’s reverse mortgage products designed for low income earners.
Summary of Ideal Client Profiles for Non-QM Loans
Self-Employed Borrowers: For self employed skilled immigrants who have difficulty getting qualified with traditional income requirements, both AXEN and NEXA customs solutions.
Real Estate Investors: DSCR and interest-only loans are remarkable products for investors as they allow them to qualify based on the real estate as an investment or lower starting payments.
High-Net-Worth Individuals: There are no doc loans and asset based loans that are likely to benefit people with a strong asset profile but have high peaks and low troughs for income.
Foreign Nationals: For foreign citizens buying real estate in the USA AXEN’S foreign national loans work best.
These combination of commission structures and non-QM loans are what set AXEN and NEXA apart and make them worthwhile for an individual depending on whether one is looking for a high rate of volume output, efficient use of technologies, or an emphasis on non-QM types. Please, drop your comments and I’ll provide additional information of other types of loans, or the process of how to apply for certain products.