Geri Farr Named CEO of NEXA Lending
In short: In September 2026, NEXA Lending named Geri Farr CEO. Founder Mike Kortas stepped down as CEO and became executive partner, focused on new concepts, acquisitions, and partnerships.
What happened
HousingWire reported the leadership change on September 8, 2026. Kortas said Farr is better suited to run NEXA’s daily operations.
What changed
- Geri Farr oversees NEXA’s executive team and day-to-day operations. She joined NEXA in 2025 after a career in wholesale and distributed retail lending.
- Mike Kortas moved into an executive partner role.
- The reported executive team includes Rana Mortensen (CAO), Jason duPont (COO), Tammy Richards (CSO), and Von Maharaj (CFO).
- HousingWire also reported that Kortas settled a legal dispute with co-founder Mat Grella and secured full ownership of the company.
What it means for NEXA loan officers
Operations and growth strategy now sit with different leaders. Farr runs the company day to day, while Kortas focuses on deals like the UMortgage acquisition.
The coverage did not describe any compensation changes tied to the leadership change. Watch for policy or program updates as the new team settles in.