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Mortgage Nerds joins NEXA Lending after an 18-month platform search
The veteran-focused brokerage will keep the Mortgage Nerds brand, while Processing Nerds remains independent and will serve brokers nationwide.
Mortgage Nerds, led by Mike Cox and Brian Hofmann, is joining NEXA Lending after an approximately 18-month search for a new platform, HousingWire reports.
Under the move, Mortgage Nerds will remain its own brand, while Processing Nerds stays independent and will provide services to brokers nationwide.
HousingWire says the firms pointed to NEXA’s servicing and borrower retention offerings, plus NEXA CEO Mike Kortas’s involvement with the veteran community and its relationship with Vetted VA, as factors behind the decision.
Mortgage Nerds is focused on educating veterans about VA loans, and Cox and Hofmann said NEXA’s servicing opportunities would support their goal of staying connected to borrowers after the loan closes.