For loan officers · October 2026
NEXA vs Barrett Financial Group: comp, control, and growth compared
Barrett and NEXA are both broker models where you control your pricing and shop multiple lenders. We'll be straight with you: on fees alone, Barrett's flat $695 per file usually costs less than NEXA's 54 bps. The difference is everything around the fee — and that's what this page walks through.
Side by side
Barrett Financial Group: Mortgage broker with flat per-file fees.
NEXA Lending
- Model
- Broker plus NEXA's own lending — shop multiple lenders for each borrower
- Standard plan
- NEXA keeps 54 bps per loan; you keep the rest of your comp
- NEXA100
- The 54 bps that would go to NEXA goes into your operational budget instead, which you can use to get reimbursed for business expenses. Ask Andres about eligibility.
- Brand
- Market under your own name and grow your personal brand
- Growth
- Earn on production from loan officers you bring to NEXA
Barrett Financial Group
- Model
- Broker or mini-correspondent, 1099 (W-2 where a state requires it)
- Per-file fee
- $695 flat per file
- Monthly fee
- $79 for loan origination system access
- Processing
- Optional in-house processing at $650 per file
- Lenders
- 160+ lenders
- Licensing
- Licensed in 49 of 50 states
What could you earn?
Plug in your own production. Uses Barrett's published fees as of October 2026.
| Where you work | Estimated yearly income |
|---|---|
| Barrett Financial GroupHigher | $771,927 |
| NEXA — standard plan | $663,000 |
Estimates for comparison only, before taxes, benefits, and business expenses. NEXA's standard plan keeps 54 bps per loan. Actual comp depends on the lender, loan, and pricing, and loan officer compensation must follow federal LO comp rules. Excludes Barrett's optional $650-per-file processing and credit report costs. Retail roles often include W-2 benefits that aren't reflected here.
If Barrett is the better fit, that's okay too
If Barrett piques your interest, let me know — I have friends over there you can chat with. My goal is to help you find the right home for your business, even if it isn't NEXA.
Common questions
- How does loan officer comp work at NEXA?
- On NEXA's standard plan, NEXA keeps 54 bps per loan and you keep the rest of your compensation. On NEXA100, those 54 bps go into your operational budget instead, which you can use to get reimbursed for business expenses only — so it's money for running and growing your business rather than extra take-home pay. Andres can walk you through whether you'd qualify.
- Do loan officers keep more at Barrett or NEXA?
- On fees alone, Barrett can come out ahead: at $30M a year in $400K loans and 275 bps gross comp, that's about $771,927 at Barrett versus about $663,000 on NEXA's standard plan, based on published fees as of October 2026. Compare what else each company offers, and run your own numbers in the calculator.
- What happens to my pipeline and clients if I leave Barrett?
- Loans in process and leads generated by your current employer generally stay with them, and many loan officers have non-solicitation or other agreements to review before moving. Andres will help you plan the timing so the transition is as smooth as possible.
Curious what your business could look like at NEXA?
Bring your real numbers. Andres will give you the honest version — even if the answer is to stay put.
Sources and notes
- NMP — NEXA comp structure as described by NEXA's COO (Feb 2026)
- Why Barrett — Barrett Financial's recruiting site
Based on publicly available information as of October 2026. Compensation and fees change and can vary by loan officer, branch, and state — confirm current terms directly before making a decision. This page is for mortgage professionals and is not an offer to lend. NEXA is not affiliated with Barrett Financial Group, whose name is a trademark of its respective owner.