NEXA Lending acquires UMortgage, adds Anthony Casa to exec team
NEXA will add UMortgage's team of 246 loan officers that originated $2.05B over the past 12 months
NEXA will add UMortgage's team of 246 loan officers that originated $2.05B over the past 12 months
BELLINGS Intelligence Score: 12
Why it matters
This acquisition is a routine industry consolidation involving a mid-sized mortgage lender and adds scale to NEXA Lending, but it does not materially affect credit markets or underwriting standards.
Sources
HousingWire
NEXA Lending acquires UMortgage, adds Anthony Casa to exec team
NEXA will add UMortgage's team of 246 loan officers that originated $2.05B over the past 12 months
Mortgage Professional America
NEXA Lending acquires UMortgage in a broker channel shake-up