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Part 5:Navigating Revenue Sharing and Compliance in Mortgage Brokerage

Outline

Introduction to Revenue Sharing in Mortgage Brokerage

00:00:00

Structuring Your LLC for Success

00:00:27

Compliance and Profitability at Nexa

00:01:08

Onboarding Process at Nexa Mortgage

00:02:19

Holding Multiple Licenses and Title Company Ownership

00:14:24

Section: Compliance and Profitability at Nexa

Start: 1 minute and 8 seconds | End: 2 minutes and 20 seconds

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Compliance and Profitability at NEXA

At NEXA, maintaining compliance and profitability are the two fundamental rules. The company has a dedicated compliance department to assist in adhering to regulations, ensuring that all operations are conducted within legal boundaries.

"We've got two rules at NEXA. One is being profitable and the other is being compliant."

While profitability is crucial, there is an understanding that not every month will be perfect. It's acknowledged that there might be months where no loans are closed, referred to as "blank months." This flexibility is part of the independent nature of the business, allowing for variations due to vacations or other circumstances.

Compliance and Profitability at Nexa