Mortgage industry veteran Mike Kortas unveils new servicing venture, evoLend

Mike Kortas, a prominent figure in the mortgage market and top executive at NEXA Mortgage, has announced the formation of evoLend, a new enterprise focused on mortgage servicing. This latest initiative marks Kortas's entry into the mortgage servicing sector, according to HousingWire. evoLend is set to manage loans approved by major government-sponsored enterprises, including Fannie Mae, Freddie Mac, and Ginnie Mae. The new company's primary aim is to offer NEXA Lending loan officers a distinct advantage in fostering lasting relationships with their clients, thereby enhancing their competitive edge within the industry. The creation of evoLend signifies a strategic expansion for Kortas, moving beyond mortgage origination into the crucial area of loan servicing. This move could potentially reshape how NEXA Lending officers interact with borrowers throughout the lifecycle of their loans, ensuring continued engagement and service. By establishing a dedicated servicing arm, Kortas aims to create a more integrated and controlled ecosystem for the mortgages originated through NEXA. This vertical integration could lead to improved client satisfaction and streamlined operations by aligning servicing practices more closely with the origination philosophy. The venture is expected to empower NEXA Lending professionals by equipping them with additional resources to support borrowers even after the initial loan closing. This continuous engagement is vital in a competitive market where client retention and repeat business are highly valued. evoLend represents a forward-thinking approach to mortgage business, recognizing the importance of servicing as a core component of the overall customer experience. Its approval to handle a wide range of loan types from key industry players positions it as a significant new entrant in the mortgage servicing landscape.