“Nexa breaks new land when the first mortgage brokerage to implement extensive agentes on this scale,” said Mike Kortas, CEO of Nexa. “We not only lead the industry in AI adoption – we are a pioneer with something that has never been done before, which sets the standard for what is possible when the mortgage is created.”
Tidalwave integrates with Plaid” Argyle” Find And ICE Hypotheek technology To automate income, employment and assets, to reduce, reduce redundant paperwork and processes. As a result, Tidalwave said that lenders have automated up to 70% of the manual tasks, the costs with no less than $ 1500 per loan and released loans officers from repetitive administrative work.
“Our AI-driven platform enables real estate agents to perform underwriting checks, increasing the bar for efficiency in the mortgage industry,” said Diane Yu, founder and CEO of Tidalwave. “Nexa’s progressive approach and dedication to innovation make them the ideal partner to pioneer this breakthrough technology.”
In an exclusive interview with Housingwire, Kortas said that he was looking for an agentic AI platform, but could not find it that suited brokers. “Most AI companies are all focused on the insurance part. Remember that we as a broker do not have an underwriter – we do not endorse the files.
“We approached dozens of AI companies, and none of them could very well understand why someone in the broker canal would ever want this. We knew how it would suit us, but it cost someone like Diane to listen.”
The position of Nexa as the largest broker in the country helped to get their money partners on board. “They are willing to participate in this all day, so that we can hand them 90% of our files as a one-touch close,” said Kortas.
The Nexa-Tidalwave Partnership also improves the borrower experience, said Kortas, with reduced application fear through Agentic AI guidelines, improved protection through encrypted digital document storage, faster approval time lines through automated integration and a native mobile application that offers real-time updates.
NEXA implements the solo of Tidalwave via BEVRI.AI, an independent AI solution provider who collaborated with Tidalwave to deliver extensive mortgage automation to the brokerage industry.
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