NEXA Lending Appointed New CEO Geri Farr

The company has shifted its leadership as it continues to expand its hybrid wholesale and retail mortgage model.

Updated on Oct. 1, 2026 in Real Estate — General

Isometric editorial illustration showing a brass key on a structured grid of modular blocks representing mortgage operations. — NEXA Lending has appointed Geri Farr as its new chief executive officer, as the company continues to refine its hybrid mortgage-servicing model. AI Illustration. Upload story photo >

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NEXA Lending, a nationwide mortgage lender, appointed Geri Farr as its new CEO in early September 2026. This leadership transition occurs as the firm manages operations across a network of 320 investors.

Why it matters

The change in leadership comes as the firm maintains a hybrid business model designed to provide loan officers with a share of mortgage servicing rights revenue. This approach distinguishes the company's operational structure within the broader mortgage industry.

The firm reported a total of 4,122 sponsored loan officers as of October 2026. These officers coordinate with a network of 320 investors to fund loans, with the company noting that it does not charge early payoff fees.

The players

Geri Farr

The current CEO of NEXA Lending appointed in September 2026.

Mike Kortas

The founder of NEXA Lending who transitioned to the role of executive partner.

NEXA Lending

A national mortgage lender that utilizes a hybrid wholesale and retail business model.

The details

NEXA Lending operates on a hybrid model where loan officers select from a pool of wholesale lenders to fund mortgages. The company then transfers mortgage servicing rights to its subsidiary, evoLend, allowing officers to participate in the revenue generated from those rights. This structure is intended to give loan officers greater autonomy over their business operations compared to traditional retail models.

2017: Mike Kortas founded the company.
Early September 2026: Geri Farr was appointed as CEO.
October 2026: The company confirmed its count of 4,122 sponsored loan officers.

Money Landscape

The appointment of Geri Farr marks a significant leadership transition for the firm founded by Mike Kortas in 2017. This change follows the established trend of companies refining their mortgage servicing rights business models to compete for loan officer talent.

Borrowers working with lenders that utilize hybrid models should ask their mortgage professional about how the servicing of their loan is handled and if ownership interests may transfer. Discussing these structures with a qualified financial professional can help you understand the long-term implications of your mortgage terms.

The takeaway

NEXA Lending's transition to new leadership reflects ongoing attempts to streamline revenue-sharing models for loan officers. Homeowners should always confirm which entity will be responsible for their mortgage servicing, as these rights can be transferred between companies.