Mortgage Career Opportunities
This blog will discuss and cover NEXA Mortgage Career Opportunities at Gustan Cho Associates. Gustan Cho Associates is a dba of NEXA Mortgage LLC. NEXA Mortgage LLC, headed by CEO Mike Kortas and headquartered in Chandler, Arizona, is the nation’s largest and fastest-growing mortgage broker.
Gustan Cho Associates has career opportunities for newly licensed loan officers, experienced loan officers, team leaders, and branch managers pursuing to advance their careers in the mortgage industry.
While other mortgage companies are laying off personnel and closing their branches or companies altogether, why is NEXA Mortgage thriving? Why is Gustan Cho Associatesc having record-breaking months while the competition is not submitting any new loans? In the following sections, we will explain what we are doing, and if you are on the other side, you can compare and contrast.
Why NEXA Mortgage Career Opportunities Beats The Competition
This section will cover joining Gustan Cho Associates dba of NEXA Mortgage LLC as a newly licensed mortgage loan originator. There are two options for newly licensed mortgage loan officers. They have the choice of enrolling in NEXA Academy, which is a regimented training/mentor program. Only full-time trainees are accepted. The newly licensed loan officer will learn an overview of the mortgage process.
Why NEXA? Meet CEO Kortas on Thursdays 1 pm CDT
Mortgage Career Opportunities For Newly Licensed Loan Originators
The recruit will learn the ins and outs of the operations and sales/marketing end of the day-to-day role of being a licensed loan officer. On the operations side of the training, the loan officer will learn a general overview of compliance, origination, processing, wholesale lending, mortgage products, and closing. On the marketing end, you will learn marketing tools, systems, and strategies for getting realtor referral partners, outreach, branding your name, social media, and, if buying leads, recommended lead sources.
How Long Is The Training Program For Newly Licensed Loan Officers?
There are no other newly licensed loan officer training programs like NEXA Mortgage Training Academy once you have closed six mortgage loans yourself, with the guidance of your mentor, to graduate from NEXA Academy.
We feel if you work on six mortgage loans and are able to take it from application to closing, you know the basics to be on your own.
As a loan officer, you will never stop learning. New products, guideline changes, and regulation changes are neverending. More importantly, state laws of each of the 48 state Gustan Cho Associates can differ from state to state. In general, the focus and mission of NEXA Academy are for the graduate to be self-sufficient as an independent loan officer/branch manager.
Why NEXA Mortgage Career Opportunities?
We highly recommend you research as many mortgage companies as possible. We are very confident in what we have to offer. No competition can come close. The more lenders you research, the more you will appreciate joining Gustan Cho Associates or as an independent mortgage broker/branch manager with NEXA Mortgage LLC.
Take your career in the mortgage industry to the next level with America’s largest-growing mortgage company. Every new loan officer at NEXA Mortgage LLC is offered the key to success.
Gustan Cho Associates has prepared the NEXA Mortgage Career Opportunities Guide to give an in-depth fact-based comparison of working at NEXA Mortgage LLC versus working at other mortgage companies.
Joining Branch Versus Being an Independent Loan Officer
The beauty of NEXA Mortgage Career Opportunities is you can choose which business platform you want. You can have your branch by being independent. You can have a team in a brick-and-mortar building. Or you may want to get tied to a branch and not worry about expenses, liabilities, and headaches of being independent.
Joining Gustan Cho Associates
Being part of the team at Gustan Cho Associates, you will have access to 48 states (not yet licensed in NY and MA), including DC, Puerto Rico, and the U.S. Virgin Islands. If you decide to join our branch at Gustan Cho Associates, we have two different compensation plans—self-generated and branch-provided leads. Everyone makes the same comp plan no matter the volume or loans closed. We reward our loan officers by placing them under their downline for their revenue share (We will discuss NEXA’s Revenue Share Program in a different blog).
Expenses For Independent Mortgage Net Branch
You own your own business as an independent mortgage broker at NEXA Mortgage LLC. You can open your brick-and-mortar office, recruit loan officers, hire your mortgage processors and support staff, or have a partner to co-manage your branch. You can also operate your branch as a remote producing branch manager and be tied to corporate.
Can You Have a Team of Loan Officers?
You can have remote loan officers on your team. Owning your branch or being an independent one-man mortgage broker will come with expenses. You will be responsible for admin and accounting fees, tech fees, credit report costs, marketing fees, CRM costs, and your employees if you decide to have assistants or your processor.
Compare and Contrast Independent MLO or Join Branch
All admin fees, company matching federal income tax, credit reports, admin fees, CRM, marketing, social media, websites, YouTube, Facebook, and other operations and support fees are paid from the branch. The loan officer is responsible for their licensing and their share of benefits. Loan officers without experience as loan officers need to go through the NEXA Academy to join the team at Gustan Cho Associates.
Realtor/MLO Dually Licensed Partner Program
Gustan Cho Associates, empowered by NEXA Mortgage LLC, offers the dually licensed Realtor/MLO partnership program. To be eligible, the realtor must have averaged at least 12 purchase transactions in the preceding year. We expect an average of one loan closing per month from the Realtor/MLO partner. This program works because the licensed realtor needs to get licensed as a mortgage loan originator. Once licensed, they will be hired by NEXA Mortgage LLC. By being licensed, the realtor/MLO is able to get paid in basis points.
How Does The Dually Licensed Realtor/MLO and LOA Partner Program Work
NEXA Mortgage Career Opportunities For licensed real estate agents who can average 12 home purchase transactions per year, you can earn up to 50 basis points on your real estate purchase transaction. The realtor/MLO is assigned a permanent partner. All of the purchase deals of the realtor/MLO will be structured as follows: The realtor/MLO will be the assigned loan officer.
Duties of Realtor/MLO and LOA
The veteran experienced loan officer doing most of the work will be the assigned loan officer assistant (LOA). The realtor/MLO does not have to do much. Send out the online application link, and quoting rates and terms will be two duties the realtor/MLO does need to do. Other than that, the realtor/MLO will get copied on all emails, and it is up to them whether they want to shadow the LOA to learn or concentrate on real estate sales.
Does Newly Dually Licensed Realtor/MLO Have To Go To NEXA Academy?
The exception to being exempt from enrolling in NEXA Academy and joining the branch directly are licensed real estate agents dually licensed as loan officers. The dually licensed realtor/mortgage loan originator career opportunity enables a real estate agent to legally earn up to 50 basis points by just referring the deal to their experienced loan officer partner. NEXA Mortgage Career Opportunities is open to all licensed realtors averaging one monthly purchase transition.
Realtor/MLO | Earn Income From Both Sides
NEXA Mortgage Career Opportunities Versus The Competition
Access every available mortgage loan option in the marketplace with the lowest rates for your borrowers. What more can a loan officer ask for? It does seem too good to be true, right? Well, it is true that many who moved to NEXA Mortgage LLC consider NEXA their final home in their mortgage lending career.
Gustan Cho Associates has both loan officer career opportunities for on-site loan officers and remote loan officers.
Over 80% of our clients at Gustan Cho Associates are borrowers who could not qualify at other lenders. For more information on the NEXA Mortgage Career Opportunities, please get in touch with Gustan Cho NMLS 873293 at gcho@gustancho.com.
