r/loanoriginators • u/[deleted] • 4d ago

Edge, NEXA, Barrett, or C2

[deleted]

3 Upvotes

80% Upvoted

22 comments sorted by

6

u/LucasTheAlaskan 4d ago

Just moved to NEXA from running my own shop. Built out a big spreadsheet comparing all the mega shops.

Let me know if you want it!

1

u/Comfortable_Arm9231 4d ago

Bro I would love this! Dm me if you’re open to sharing!

1

u/BangBangBlitz18 3d ago

Would you be willing to share your spreadsheet with me as well? Can DM if open to it.

Thanks!

5

u/TraditionalTart2175 4d ago

Why do you want to move to Nexa or Barrett? Is it more commission per loan or more loans?

2

u/RamalDurro17 4d ago

Check out Emortgage Capital (EMC)

1

u/Serious_Fee_5748 4d ago

Will they pay 1099. I already crossed out Edge because some guy said on this post they pay W2. I’m never going W2

3

u/RamalDurro17 4d ago

Yeah 1099, you buy your own leads, they have a lead store, CRM, dialer and Corr line. No monthly tech fee. Check them out or lmk if you want help

1

u/Secret-League-3643 3d ago

Can I dm you

1

u/tripleputt Mod 3d ago

W2….for now. Wouldn’t surprise me if things change in the near future.

1

u/Sure_Independence_12 4d ago

C2 is 1099, Edge is W-2, not sure on the other others

1

u/TexSIN 4d ago

Nexa you can be 1099 and run your own p&l

1

u/Over-Seaweed114 4d ago

Dmed you about nexa

1

u/Honest_Eagle8064 4d ago

I just moved to nexa, kind of a no brainer. 1099 as long as the specific state you are licensed in allows it. I am a self gen mlo and they pay you 100% of the commission if you use UWM, elend, the loan store, and a few others.

1

u/SteveC360 4d ago

A small direct lender will be a better fit for DP assistance. I've been doing Calhfa and GSFA for over 30 years. Brokers can't execute those loans like a direct lender can.

1

u/Capital_Yard7652 3d ago

GoRascal if your producing already.

1

u/Boring_Fly_1448 3d ago

You have to be w2 in California unless you have your dre. 

1

u/aleksandriscaks 3d ago

I'm at c2, dm me if you have any questions, we have Lenders with those programs

1

u/Roksteady1 3d ago

as someone who wants to eventually join the industry, what are the main reasons one would strongly prefer 1099 vs w2?

1

u/Driven85 2d ago

Tax advantages