NEXA Lending, formerly known as NEXA Mortgage, is accusing several former NEXA loan officers, managers and former president Mat Grella of executing a coordinated “employee raid” to harm its business.

The suit, which was filed on Nov. 5 in Arizona’s Maricopa County Superior Court, claims that Grella, former branch manager Gregory Nichols and Michigan-based Platinum One Lending, which Grella holds an ownership interest in, conspired to recruit NEXA loan officers and use the company’s confidential data to build a competing operation.

“NEXA isn’t in the business of playing games,” said NEXA CEO Mike Kortas in a statement to HousingWire. “When someone details ⇒

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