Mortgage Banking Summit: Mike Kortas on NEXA’s hybrid model, next steps in servicing

NEXA's evolution from a brokerage to a retail lender and servicer is a significant development in the mortgage industry. As Mike Kortas, the founder, noted at the Mortgage Banking Summit, the company is currently in a "twilight zone" as it navigates this transition. This hybrid model, which combines brokerage and retail lending with servicing, is an interesting approach that could potentially offer a more streamlined experience for customers.

For the lease audience, this development is worth watching because it could have implications for the broader mortgage and real estate industries. As NEXA continues to grow and refine its hybrid model, it may be able to offer a more comprehensive and efficient experience for customers, potentially disrupting traditional business models. The company's next steps in servicing will be particularly important to watch, as they could set a precedent for other lenders and servicers.

The key question to watch next is how NEXA's hybrid model will perform in different market conditions. Will the company's diversified approach help it weather economic downturns or capitalize on growth opportunities? As the mortgage industry continues to evolve, NEXA's progress and challenges will provide valuable insights for lease professionals and others in the real estate and property sectors.

Originally reported by housingwire.com. LeaseNews adds analysis for real estate & property readers.