eXp Realty CEO Leo Pareja thinks national home sales could slip below 4 million this year, a level not seen since 1995. His brokerage’s answer is a stack of new products designed to squeeze more revenue out of every deal.
At eXpcon in Salt Lake City on Thursday, eXp unveiled Revenos Mortgage, a joint venture with Newrez; eXp Ready, a pay-at-close home prep program offering up to $50,000; and ShowGo, a marketplace for agent-to-agent showing coverage.
eXp moves into mortgage with Newrez
On the mortgage side, eXp and Newrez announced Revenos Mortgage, a joint venture set to launch in early 2027. Newrez is the lending arm of Rithm Capital and ranks among the five largest nonbank lenders and servicers, according to Inside Mortgage Finance.
Baron Silverstein
“Revenos Mortgage represents the next evolution of our local market strategy,” said Baron Silverstein, president of Newrez. “By combining eXp’s trusted local market expertise and Newrez’s scaled mortgage platform, including a broad range of lending solutions, technology and servicing capabilities, we can better support buyers throughout the homeownership journey. Together, we can provide value at every step and remain a trusted resource for homeowners long after the initial transaction is complete.”
Pareja said eXp wanted a solid, large mortgage partner, and Newrez was a clear choice. “We wanted someone with the size and scale to partner with us, and we’ll be able to do some really amazing things together,” Pareja told Inman.
Pareja added that eXp has a group inside the company called Revenos that started when he first joined in 2022.
He compared the joint venture product to Cartus at Anywhere, now part of Compass International Holdings.
“Last year, Revenos did 7,806 transactions for $1.6 billion in transactional volume, representing $70 million of additional GCI we brought to our agents,” Pareja said. “It works across a variety of relationships: some affinity, some relocation, some REO. It’s a catch-all basket of partnerships, and it’s a well-recognized brand inside eXp. So when we brought in the mortgage company, that’s where the name came from.”
Up to $50K for sellers, paid back at close
eXp Ready, powered by home prep lender Notable, gives sellers up to $50,000 in unsecured funds for staging, repairs, painting, landscaping and other pre-listing work.
Sellers can use any contractor they choose. The balance comes due at closing or after 12 months, whichever comes first. Sellers repay what they spent plus a one-time fee and fixed interest.
Leo Pareja
Notable, eXp Ready’s financing partner, says it has facilitated more than 40,000 home sales and issued over $1 billion in prep financing. eXp Ready extends that infrastructure to eXp’s network of agents across the United States, making it one of the industry’s largest deployments of pay-at-close prep financing.
eXp cited the National Association of Realtors’ 2025 Profile of Home Staging to make its case. In that report, nearly half of sellers’ agents said staging cut time on market, and close to 3 in 10 credited it with a 1- to 10-percent bump in offer value.
Pareja said a seller can use eXp Ready to pay a contractor of their choosing for packing and movers, staging or curb appeal. It’s not limited to a specific contractor or category.
“It’s a soft pull on credit, which is really important. It’s not recorded on the deed, and it’s paid at closing,” Pareja said. “There is underwriting — you have to pass a credit screening, and prevailing rates of capital apply. But it’s specifically designed to get a seller ready to sell, and that’s where the name came from.”
ShowGo formalizes the showing swap
The fourth launch, ShowGo, formalizes something agents already do over text: covering each other’s showings and open houses.
Agents post a showing they need covered or claim one when they have time. The posting agent sets a showing fee. Open houses stay volunteer, pitched as a lead-generation opportunity.
Payments run through the brokerage, which eXp positions as a fix for regulator concerns about direct agent-to-agent payments.
The model resembles third-party showing-assistant marketplaces like Showami, but it’s exclusive to eXp agents. Nearly 1,000 agents were already active before launch, a sliver of eXp’s roster. ShowGo lives inside the eXp Hub on web and desktop.
Pareja described ShowGo as “the communication layer.”
“It gives agents the to-do list for the property and what to report back to the seller. It also gives them a legally compliant platform to pay an agent a flat transactional fee to do a showing or hold the house open,” he said. “So it’s the payment layer, but it’s also the database, the facilitation, and the communication layer.”
Why eXpcon is especially meaningful this year
In addition to those announcements at eXpcon in Salt Lake City Thursday, Pareja added, “We probably have one more, and it’s very confidential, so you’ll see.”
Beyond that, Pareja said to remember eXp is a virtual company, so in-person events are extremely meaningful to them.
“Sometimes I feel they’re even more meaningful to us because we don’t have physical offices,” Pareja told Inman. “Getting together is a very important part of our culture, which people sometimes assume doesn’t happen at a cloud-based brokerage, but we see each other often at national events.”
Pareja said eXpcon is even more important this year because of tough market conditions.
“We’re heading into an even softer market, with rates creeping into the sevens,” he said. “I said on CNBC a couple of days ago that it’s not out of the realm of possibility we could touch an 8 percent handle on interest rates. I hope not, but it’s possible. We could also dip below 4 million transactions as a country, into the 3.8 million to 3.9 million range. The last time that happened was in 1995, with 80 million fewer Americans.
“So I’m excited to see our agents come to events to sharpen the sword, get better, spend time in breakouts on scripting, dialogues, and workflows, and figure out how best to serve buyers and sellers in this complicated market,” Pareja said.
This year’s eXpcon is also the first since eXp World Holdings acquired the national real estate franchise NextHome on May 7, shifting its corporate structure into a multi-model platform.
Pareja acknowledged the change, but he said that’s at the AGNT level, the parent company.
“I attended the NextHome broker summit about a month ago,” Pareja said. “This is eXpcon, so it’s strictly an eXp event. In the future, there may be some overlap in venues and maybe speakers, but for now the conferences are completely separate.”
