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NEXA funnels 45% of business to United Wholesale Mortgage

1 report, 1 independent Updated Tue 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

NEXA funneled 45% of its business to United Wholesale Mortgage. As a result of this concentration of business, United Wholesale Mortgage dedicated more than 20 account executives solely to NEXA.

From nationalmortgagenews.com

Why it matters

Some supportBrind's analysis of the reports

The relationship highlights the importance of strong partnerships in the mortgage industry. According to Mike Kortas, founder of NEXA, a broker's relationship with a wholesale investor affects their ability to serve consumers.

From nationalmortgagenews.com

Who's involved

  • United Wholesale MortgageMortgage lender receiving a large share of business from NEXA
  • UWM HoldingsParent company and controlling entity of United Wholesale Mortgage
  • Mat IshbiaIndividual who holds executive leadership roles in United Wholesale Mortgage
  • Oaktree Capital ManagementFirm that provided significant equity and preferred capital to United Wholesale Mortgage

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The entities involved

Coverage

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