{"id":62291,"date":"2026-02-10T03:05:09","date_gmt":"2026-02-10T02:05:09","guid":{"rendered":"https:\/\/housesmarketplace.com\/nexa-lending-ceo-mike-kortas-explains-why-hes-buying-shell-companies\/"},"modified":"2026-02-10T03:05:09","modified_gmt":"2026-02-10T02:05:09","slug":"nexa-lending-ceo-mike-kortas-explains-why-hes-buying-shell-companies","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/nexa-lending-ceo-mike-kortas-explains-why-hes-buying-shell-companies\/","title":{"rendered":"NEXA Lending CEO Mike Kortas explains why he\u2019s buying shell companies"},"content":{"rendered":"<div>\n<p><strong>\u041a\u0440\u0435\u0434\u0438\u0442\u043e\u0432\u0430\u043d\u0438\u0435 NEXA<\/strong> \u0413\u0435\u043d\u0435\u0440\u0430\u043b\u044c\u043d\u044b\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 <a href=\"https:\/\/www.housingwire.com\/tag\/mike-kortas\/\">Mike Kortas<\/a> is in the process of acquiring several shell companies to build joint ventures, he said in an exclusive interview with <strong>\u0416\u0438\u043b\u044c\u0435\u041f\u0440\u043e\u0432\u043e\u043b\u043e\u043a\u0430<\/strong> \u0432 \u043f\u043e\u043d\u0435\u0434\u0435\u043b\u044c\u043d\u0438\u043a.\u00a0<\/p>\n<p>\u201cThey are for multiple JVs with large teams, agencies, builders and strategic partnerships,\u201d Kortas said without providing details on each transaction, which he said will be announced separately. \u201cThe main goal is more volume for NEXA.\u201d<\/p>\n<p>NEXA has been the subject of several rumors in the past few weeks regarding its business activity. Several comments on LinkedIn suggested that Kortas was selling NEXA, going fully into retail and dissolving his relationship with <strong>\u041e\u0431\u044a\u0435\u0434\u0438\u043d\u0435\u043d\u043d\u0430\u044f \u043e\u043f\u0442\u043e\u0432\u0430\u044f \u0438\u043f\u043e\u0442\u0435\u043a\u0430<\/strong> (UWM). All of those, Kortas said, are false.<\/p>\n<p>\u201cEverybody thinks I\u2019m going into retail, but I\u2019m not, nor am I going into delegated [correspondent lending]. Going into retail would destroy what I\u2019m doing with NEXA\u2026you got to remember something about me: I was homeless as a kid, at 18 years old, I was sleeping on the streets\u2026.I got more than I ever anticipated. I am happy with what I have. I don\u2019t need more.\u201d<\/p>\n<p>JVs have been popular with companies like <a href=\"https:\/\/www.housingwire.com\/articles\/compass-anywhere-merger-creates-ninth-largest-mortgage-operation\/\"><strong>\u0421\u0442\u0430\u0432\u043a\u0430<\/strong><\/a>, which is a strategy Kortas says he\u2019s picked up on because these structures are \u201chigh converts\u201d and can be \u201cvery lucrative.\u201d In addition, they bring more transactions to the wholesale space, increasing its market share, he added.<\/p>\n<p>\u201cThe JVs also bring more volume to wholesale, and it doesn\u2019t matter to me who you choose. I mean, I prefer you choose NEXA, but if you do go to Edge, or you go to some other big broker, it doesn\u2019t matter to me, because all you did is bring more attention to the entire wholesale channel\u2026the more you\u2019re talking wholesale, the more I\u2019m winning.\u201d<\/p>\n<p>Arizona-based <a href=\"https:\/\/www.housingwire.com\/articles\/nexa-mortgage-rebrands-to-nexa-lending-but-its-not-a-pivot-to-retail\/\">\u041a\u0440\u0435\u0434\u0438\u0442\u043e\u0432\u0430\u043d\u0438\u0435 NEXA<\/a> originated about $11 billion in the last 12 months, Kortas said. The company had 3,453 sponsored loan officers and 242 active branches as of Monday, per the <strong>\u041e\u0431\u0449\u0435\u043d\u0430\u0446\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u0430\u044f \u043c\u043d\u043e\u0433\u043e\u0448\u0442\u0430\u0442\u043d\u0430\u044f \u0441\u0438\u0441\u0442\u0435\u043c\u0430 \u043b\u0438\u0446\u0435\u043d\u0437\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u044f <\/strong>(\u041d\u041c\u041b\u0421).\u00a0<\/p>\n<p>Kortas said that the JVs are with builders and real estate companies, as well as a few \u201ckey\u201d partners. He did not confirm a deal for an LLC with <strong>Movement Mortgage, <\/strong>a story reported by <strong>The Mortgage Scoop<\/strong>, since he cannot confirm which entities or who he is buying what from. Movement Mortgage did not immediately respond to HousingWire\u2019s request for comment.\u00a0<\/p>\n<p>Many of the shells are small. Kortas said he\u2019s buying multiple mortgage brokers that are two-state shops, and a lot of them are already at NEXA. The only interest, in this case, is that the shops have been open for at least two years, so he can get <strong>U.S. Department of Housing and Urban Development (HUD) <\/strong>approvals<strong>.<\/strong><\/p>\n<p>\u201cThen, some of them, I\u2019m looking at different processing companies, and I\u2019ll sell the assets off to other processing companies and keep the shell. I just want the licenses at the end of the day, because time is something I can\u2019t buy, and it takes time to get licenses.\u201d<\/p>\n<p>Regarding NEXA\u2019s recent hiring of industry leaders \u2014 for example, <a href=\"https:\/\/www.housingwire.com\/articles\/tammy-richards-joins-nexa-lending-as-chief-strategy-officer\/\">\u0422\u044d\u043c\u043c\u0438 \u0420\u0438\u0447\u0430\u0440\u0434\u0441<\/a> \u0438 <a href=\"https:\/\/www.housingwire.com\/articles\/nexa-lending-todd-bitter-sales-director\/\">Todd Bitter<\/a> \u2014 Kortas said they \u201chave absolutely nothing to do with these acquisitions.\u201d According to him, \u201cThe new hires have helped me get into [the JVs], but the new hires are specifically for NEXA.\u201d\u00a0\u00a0<\/p>\n<p><em>\u0424\u043b\u0430\u0432\u0438\u044f \u0424\u0443\u0440\u043b\u0430\u043d \u041d\u0443\u043d\u044c\u0435\u0441 \u043f\u0440\u0435\u0434\u043e\u0441\u0442\u0430\u0432\u0438\u043b\u0430 \u0440\u0435\u043f\u043e\u0440\u0442\u0430\u0436.<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>NEXA Lending CEO Mike Kortas is in the process of acquiring several shell companies to build joint ventures, he said in an exclusive interview with HousingWire on Monday.\u00a0 \u201cThey are for multiple JVs with large teams, agencies, builders and strategic partnerships,\u201d Kortas said without providing details on each transaction, which he said will be announced [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-62291","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.5 (Yoast SEO v18.0) - 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