Mike Kortas Takes Full Control of NEXA Lending After Legal Settlement
A multi-year legal battle between NEXA Lending CEO Mike Kortas and his former business partner, Mat Grella, has reached a definitive end. The settlement, which includes a mutual release of claims and the dismissal of all active lawsuits, leaves Kortas as the sole owner of the Mesa-based mortgage brokerage.
Financial details of the agreement remain under seal, but the resolution signals a transition into a period of unified leadership for the firm. Despite the ongoing litigation, the company maintained a aggressive growth trajectory, expanding its workforce from roughly 2,300 to 3,700 loan officers nationwide.
Kortas characterized the end of the dispute as a pivot point for the organization. With the legal distractions removed, the company plans to accelerate investments in proprietary technology, lead aggregation, and educational resources for its independent mortgage professionals. The firm intends to concentrate its resources on scaling operations and refining the tools provided to its brokers, aiming to reinforce its standing as the largest independent mortgage brokerage in the United States.
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