"NEXA's model is designed to shift the dynamic by creating a pathway for eligible originators to access recurring revenue opportunities connected to loan performance, where permitted by law."
"Through the platform, participating originators are expected to gain greater access to servicing-related data tied to their loans, which could support borrower retention and long-term engagement."
"Our focus is on creating a structure that responsibly expands opportunity for loan originators, while remaining fully aligned with compliance, licensing, and investor guidelines."
"This is not about disrupting the system - it's about evolving responsibly within it."
NEXA is introducing a model that enables loan originators to access recurring revenue from mortgage servicing rights, which is typically retained by lenders. This initiative aims to align origination with long-term loan performance and includes components like servicing-aligned income opportunities and enhanced visibility into the loan life cycle. A proprietary technology platform will centralize access and reporting, supporting borrower retention. The rollout will occur in phases, focusing on compliance and market readiness, while additional features will be added based on feedback.
Read at www.housingwire.com
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