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NEXA MORTGAGE REVENUE SHARE
Can someone please explain how the Revenue Share residual income program works for mortgage loan officers at NEXA Mortgage. I am getting conflicting answers. Thank you in advance.
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8 Replies
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What questions do you have about it?
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Just in general, John. Are you guaranteed residual income from loan officers you recruit on all of their productions? Does it work like insurance agents getting residual income? If it sounds too good to be true, it normally is. Never heard of NEXA Mortgage revenue share program. I am a real estate broker but my husband is a loan officer and runs a P and L branch of American PACIFIC Mortgage and we were both scratching our heads.
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No, it’s not too good to be true… you get rev share on LOs and branches that you recruit on the first 3M/mo of their production for a long as you’re with NEXA, pays up to 3 levels deep…We have a Why NEXA Zoom every Thursday that’s goes over everything, I’ll send you a link…
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At NEXA Mortgage, there are no limitations! NEXA Mortgage supports the growth of its loan officers through its proven business model. An accessible and professional Broker supports these loan officers and even earns passive income by recruiting other agents.
Let’s see how the NEXA Revenue Share Program works stepwise:
Key Components of the Revenue Share Program
Recruit other Loan Officers: Mortgage Loan Officers can recruit other loan officers to NEXA Mortgage and build a team or downline.
Revenue Sharing: The existing loan officers retain money as they earn a percentage of the revenue share from the dynamic loan officers they recruit based on the volume of loans funded by the recruited agents.
Residual Income: Because the income is residual, a share of the revenue from the original loan officer is ongoing as long as the recruits actively fund loans. Once the recruited loan officers hit their numbers, they share this fraction of the money.
Revenue Structures: Revenue share structure and percentage may differ as they are usually composed of levels according to production, the number of recruits, and their level.
Training: Officers often require training and resources to be effective. Hence, NEXA Mortgage constantly equips its loan officers with training resources and even modifies the business model of existing agents to increase their productivity.
Compliance and Regulations: When hiring and sharing revenue within the mortgage industry, one should note any compliance concerns or policies regarding their activities.
Benefits of the Program
Long-Term Income Potential: Enables loan officers to expand their income to more than just their production.
Incentivizes Team Building: Loan officers can set up teams that may produce higher performance.
Considerations
Conflicting Information: If you receive contradicting reports, please contact Guide Mortgage’s management and human resources directly for more precise and deeper information.
Review the Documentation: Look for any written communication or documents that NEXA has made available to the participating firms or clients detailing the program.
If you seek information that addresses specific issues or wish to understand them further, contacting any of the program’s active participants or a company representative may be useful.
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What are the specific percentage tiers in the revenue share program?
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The NEXA Mortgage’s revenue share tiers ratio is not the same across all the loan officers; some are based on the loan officer’s production, and some depend on the recruits.
I don’t have the scope to determine the latest extent of segmentation in figures, but general principles suggest that:
How do we typically classify the tiers
- Tier 1: 5% from first-level recruits (recruits made by that loan officer).
- Tier 2: 3% from second level (those who are repossessed by your recruits) and
- Tier 3: 1% from third level (those who are repossessed by your recruits’ recruits).
Other Observations
Volume Minimums: Some consider these numbers benchmarks. In certain tiers, however, you may be required to have a minimum number of transactions.
Variability: This varies, and it is best to call Nexa Mortgage for the most realistic or updated information.
One could start by contacting Nexa Mortgage management or relevant official documents instead.
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The NEXA Mortgage’s revenue share tiers ratio is not the same across all the loan officers; some are based on the loan officer’s production, and some depend on the recruits.
I don’t have the scope to determine the latest extent of segmentation in figures, but general principles suggest that:
How do we typically classify the tiers
- Tier 1: 5% from first-level recruits (recruits made by that loan officer).
- Tier 2: 3% from second level (those who are repossessed by your recruits) and
- Tier 3: 1% from third level (those who are repossessed by your recruits’ recruits).
Other Observations
Volume Minimums: Some consider these numbers benchmarks. In certain tiers, however, you may be required to have a minimum number of transactions.
Variability: This varies, and it is best to call Nexa Mortgage for the most realistic or updated information.
One could start by contacting Nexa Mortgage management or relevant official documents instead.
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NEXA Mortgage revenue share program has certain tier-wise production requirements that keep changing concerning policy and program requirements with time. I’m not privy to those specifics, but here’s a general approach that many companies use:
Tier 1
Minimum Production—A monthly volume between $1 million and $2 Million in closed loans would prove sufficient.
Tier 2
Minimum Production: This often includes $3Million-$5Million required in recruiting first level hardly any of your recruits.
Tier 3
Minimum Production—Based on the second–level funding, the first level could be a little off base at $10M or higher.
Important Notes
Variability—While these figures are daisy-chained for illustrative purposes, Volume 2 and Program Mande would substantially differ.
Consult Official Sources: It could be best to report NEXA Mortgage directly or examine the information specific to the Revenue Share program.
Internal resources and the manager’s insights would be yomanager’sets, as they contain the most accurate information regarding the production requirements.