eXp Realty used its annual agent conference to do two things brokerages rarely do at once: set up a mortgage company and open its own systems to AI assistants it does not control. At eXpcon in Salt Lake City on Oct. 8, 2026, the brokerage announced a mortgage joint venture with Newrez, an AI strategy built on the Model Context Protocol, a pay-at-close seller financing program and an internal marketplace for showing coverage.
Taken together, the four say less about any one product than about where eXp thinks the business is going: toward owning more of the transaction around the commission, and away from software agents must be talked into using.
A mortgage venture with a top-five nonbank lender
Revenos Mortgage, powered by Newrez, is a joint venture between eXp Realty β the core subsidiary of AGNT, Inc. (Nasdaq: AGNT) β and Newrez LLC, a Rithm Capital Corp. (NYSE: RITM) company the release describes as one of the nation’s five largest nonbank mortgage lenders and primary servicers. The two are integrating platforms ahead of a planned launch in early 2027, with more details “in the coming months.” The release does not disclose the ownership split or capital terms, and calls the arrangement a “first-of-its-kind relationship at this scale.”
“eXp has always bet on creating infrastructure that gives our agents an edge no other brokerage can match,” Leo Pareja, chief executive of eXp Realty, said in the announcement. “Revenos Mortgage is the next piece of that vision.”
Baron Silverstein, president of Newrez, tied it to the lender’s distribution strategy: “Revenos Mortgage represents the next evolution of our local market strategy.” He said it would let the companies “remain a trusted resource for homeowners long after the initial transaction is complete” β a reference to Newrez’s servicing book, which keeps a lender in contact with borrowers after closing.
Plugging agents’ own AI into brokerage data
The second announcement, branded “MCP First, AI of Choice,” goes the opposite way from most brokerage AI launches. Rather than ship a branded chatbot, eXp is exposing its systems through the Model Context Protocol, the emerging standard for connecting AI assistants to outside data, so agents can query their own production numbers, leads, transactions, training progress and CRM records from Claude, ChatGPT or whatever tool they use.
“Every company in this industry is racing to build the best AI assistant,” Pareja said. “We asked a different question: why should agents have to change how they work at all?” He was blunter about the competitive logic: “We are not trying to out-build the world’s largest AI companies; that would be foolish. We’re connecting to them.”
At launch the ecosystem covers eXp’s Hub, My eXp account and compensation data, eXp University training, eXp Divisions and Canva, plus CRM connections to Lofty, BoldTrail and Cloze, with Follow Up Boss and a Sisu production-metrics server coming soon. eXp’s own integrations and Canva are global at launch; CRM access depends on country availability and each CRM’s policies. The approach mirrors a move from two weeks earlier, when Lofty opened its platform to brokerages’ own AI agents with an MCP server; Lofty is now one of eXp’s launch partners.
Pareja described the protocol work as the visible edge of a larger rebuild, internally called AGNT OS, of the systems that handle how agents close deals and get paid. Built on the Nexus platform by eXp International, it is targeted for early 2027. “MCP is the front door, and AGNT OS is the whole house,” he said.
Seller prep money and a showing marketplace
eXp Ready is a pay-at-close program, powered by the financing company Notable, offering sellers up to $50,000 in unsecured funds for staging, painting, flooring, landscaping and repairs with nothing due until the home closes. Repayment comes out of closing proceeds, and sellers repay only what they spent plus a one-time fee and interest at fixed rates the release does not specify. The term is 12 months: funds, fees and interest fall due at sale, 12 months after origination or on other acceleration events, whichever comes first. Loans are made by Notable Finance, LLC or Quorum Federal Credit Union, subject to credit approval, and the program is live nationwide.
eXp says Notable has facilitated more than 40,000 home sales and issued over $1 billion in prep financing, and calls the rollout “one of the largest deployments of pay-at-close prep financing in the industry” β the company’s claim, not an independently verified one. It cites the National Association of Realtors’ 2025 Profile of Home Staging, in which nearly half of sellers’ agents said staging cut time on market and nearly 3 in 10 attributed a 1 to 10 percent gain in offer value to it.
ShowGo, the fourth item, turns agent-to-agent showing favors into a system. Agents post showings they need covered or claim ones they can take, with the match, the agreement and payment handled inside eXp’s Hub; the posting agent sets any fee, and open houses stay unpaid. eXp says routing it through the brokerage addresses regulators’ concerns about payments between agents. Nearly 1,000 eXp agents were already using it before the announcement, and it is available to agents in the United States and Canada.
The slate arrived the same day AGNT said Pareja would take over as chief executive of the parent company, with founder Glenn Sanford moving to chairman β which makes eXpcon less a product showcase than the first agenda of a new management team. More in Agents & Brokerages.
