The move signals a strategic shift for the Phoenix-based team, which is currently tracking toward $100 million in production for 2026. By integrating with NEXA, Bookspan and Baker gain access to advanced AI-enabled mortgage tools, expanded investor relationships, and a broader product ecosystem that they previously lacked as an independent entity. Bookspan noted that his decision followed a re-evaluation of the broker channel, where he discovered modern infrastructure capable of supporting their growth without stripping away their operational autonomy.
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Bookspan and Baker Shift Mortgage Business to NEXA Lending
After 15 years of partnership and over $1 billion in originated volume, veteran mortgage leaders Todd Bookspan and Matt Baker are moving their team to NEXA Lending. The duo will operate under the new Keepsake Loans brand, aiming to scale their production while retaining their established team culture and identity.
NEXA Lending leadership views the partnership as a blueprint for supporting experienced entrepreneurs. Mike Kortas, Executive Partner at NEXA, emphasized that the firm provides the technical backbone for established producers rather than dictating how they manage their daily operations. For Matt Baker, the transition offers a chance to integrate new technology while focusing on legacy building and mentorship. Keepsake Loans will serve as the vehicle for this next phase, allowing the team to maintain its long-standing client relationships while tapping into NEXA’s revenue-sharing model and expanded servicing capabilities through evoLend.
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