Motto Mortgage celebrates 5th anniversary, reflects on growth and looks to the future
DENVER, 25 October 2021 / PRNewswire / – Five years ago today, the chairman of RE / MAX Holdings, Inc. and co-founder of RE / MAXÂ® Dave liniger stood on a stage in Texas and launched a bold new way for real estate professionals to expand their reach and enter the mortgage brokerage space. He was joined on stage by Morrison neighborhood, which would lead an innovative new brand called DeviseÂ® mortgage, the first national mortgage brokerage franchise in the United States
Motto Mortgage Expands Nationwide Presence and Announces Integration with Wemlo Loan Brokering System Technology
A lot has happened since October 2016. The premium, the fast-growing brand has become one of Liniger’s lasting legacies, transforming the mortgage industry. Today, the network includes more than 175 open offices in nearly 40 states and the District of Colombia.
âWhile we are selling Motto Mortgage franchises at an almost record rate, so far this year we have opened more offices than we have sold. We aim to reach 200 open offices by the end of 2021 said Morrison, president of Devise Franchise, LLC. âOur nationwide presence of over 175 open offices illustrates the appeal of the Motto Mortgage brand as a turnkey solution. national brand, award-winning technology automations, and comprehensive compliance, technology and marketing support – all before their first day of operation. “
Motto Franchising recently launched an Approved Provider Program, offering the healthcare and payroll options of the Motto Mortgage network which are provided, respectively, by the US Back Office and Paychex.
In addition, with the acquisition of RE / MAX Holdings, Inc. of HelloSM last year, the Motto Mortgage offices now have access to an operationally well-grounded third-party loan processing team that upholds the same high standards of customer service that define the Motto Mortgage brand.
Last week, wemlo announced its Loan Brokering Systemâ (LBSâ ), a revolutionary new technology that has been designed to meet the needs of the mortgage issuer with a focus on their specific compliance priorities and workflows. And, more importantly, the streamlined Wemlo LBS doesn’t require brokers to navigate irrelevant system tasks designed for other lending channels.
âWe have spent years gathering real-world experiences from hundreds of Motto mortgage originators to understand exactly where traditional origination systems fall short for the broker channel,â explained Dustin Morton, vice president of product and strategy for wemlo and Motto Franchising. âOur takeaways were about how we harness life’s most precious resource – time. Our technology teams know that every minute of revamping retail lending components in legacy lending systems was a minute that wasn’t spent developing value-added solutions for our franchises. Our loan originators realize that every moment of clicking âignoreâ in software is not a moment spent helping borrowers achieve their homeownership dreams. Our network offices needed the efficiency of a specially designed platform, and the broker channel deserves modern technology that simplifies the lending process. “
The wemlo LBS will be officially launched to the public in January 2022, but Motto Mortgage offices will have the first access to integration this year. Motto Mortgage Brokerages receive the LBS platform at no additional cost, as well as discounts on integrated wemlo third-party loan processing offers and exclusive LBS product features.
Since its inception, Motto Franchising has sold an average of one new franchise per week, with over 250 sales to date, and aspires to open over 1,000 franchises over the next few years. About 75% of Motto Mortgage Brokers are owners of small businesses in real estate or related industries, suspending their licenses with brands such as RE / MAX, Keller Williams, Century 21, eXp, Allstate and more – looking all to vertically integrate their offerings by opening a collateral mortgage business. Loan originators looking to open a mortgage brokerage with company-level tools and support, and investors looking to grow into a financial franchise system make up the remaining 25% of franchise owners.
âFive years ago we were betting on the mortgage broker channel, and it turned out to be one of the best decisions we’ve made as a business,â said Adam contos, CEO, RE / MAX Holdings, Inc. âThe Motto Mortgage brand is an integral part of our portfolio and as we continue to rapidly develop our mortgage segment, I am optimistic about the future. This deductible is one that you will want to keep. with a keen eye, we are doing great things. “
Currency Mortgage, a mortgage brokerage firmSM, offers small business owners an effective way to diversify their sources of income. The Motto Mortgage model creates an ancillary business for current real estate brokerage firms, but also provides opportunities for mortgage professionals looking to start their own businesses and independent investors interested in financial services.
The Motto Mortgage Network celebrated the brand’s 5th anniversary at the Motto MILE 2021 Summit earlier this month in Orlando. The 4e the annual conference was sponsored by America’s Back Office, BLINKSwag, Caliber Home Loans, Clear to Close, LLC, Credit Plus, Fairway Independent Mortgage, Finance of America, Homepoint, Michigan Mutual Mortgage, Mortgage Educators and Compliance, Mortgage Processing Specialists, National Title Solutions, Inc., Paychex, Plaza Home Mortgage, Total Expert, We Insure, wemlo and Xendoo.
About the Currency Mortgage
The Motto Mortgage Network breaks the mold by empowering consumers with the power of choice with less jargon, more transparency and even more options to choose from when looking for the right home loan. With more than 175 offices open in nearly 40 states, Motto Franchising, LLC’s unique national franchise mortgage brokerage model is the first of its kind in United States. Created to disrupt the mortgage industry, the Motto Mortgage network connects loan originators and real estate agents to provide a seamless, personalized experience and one-stop shop for consumers. Currency Mortgage is part of RE / MAX Holdings, Inc. (NYSE: RMAX). Each office of Motto Mortgage is independently owned, operated and licensed. To learn more about Motto Mortgage or to obtain information about licensing a Motto Mortgage office, email firstname.lastname@example.org or visit www.mottomortgage.com/offices.
This information does not constitute an offer to sell or the solicitation of an offer to buy a Motto Mortgage franchise. This is for information only. We will not offer you a franchise in states or other jurisdictions where registration is required unless and until we have complied with (or have been exempt from) the pre-sale registration requirements applicable in your state. ) and that a franchise information document has been given to you prior to the sale in accordance with applicable law. new York residents: This advertisement is not an offer. An offer can only be made by prospectus. Minnesota Reg. No. F-8089; Devise Franchising, LLC, 5075 South Syracuse St # 1200, Denver, CO 80237, 1.866.668.8649.
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as “believe”, “Intend”, “expect”, “estimate”, “plan”, “outlook”, “project”, “anticipate”, “could”, “will”, “should” and other words and similar expressions which predict or indicate future events or trends which are not statements of historical fact. Forward-looking statements include statements relating to: sales of Motto franchises; the benefits of acquisitions, the launch of the Wemlo Loan Brokering System; growth in the mortgage segment; and the strategic and operational plans and business models or RE / MAX Holdings and its affiliates (collectively, the âCompanyâ). Forward-looking statements should not be interpreted as a guarantee of future performance or results and will not necessarily indicate with precision the times at which such performance or results can be achieved. Forward-looking statements are based on information available at the time such statements are made and / or on the good faith belief of management at that time with respect to future events and are subject to risks and uncertainties which could cause actual performance or results to differ materially from those expressed or suggested by forward-looking statements. These risks and uncertainties include the global COVID-19 pandemic, which continues to present significant and pervasive risks to the business of the Company, including the Company’s agents, loan originators, franchisees and employees, as well as home buyers and sellers. Other significant risks and uncertainties include, but are not limited to, (1) changes in the real estate market or interest rates and the availability of financing, (2) changes in business and economic activity in general, (3) the ability of the Company to attract and retain the quality of franchisees, (4) the ability of the franchisees of the Company to recruit and retain real estate agents and mortgage originators, (5) the changes made laws and regulations, (6) the Company’s ability to improve, market and protect its brands, (7) the Company’s ability to implement its technology initiatives, and (8) currency exchange rate fluctuations and the risks and uncertainties described in the sections entitled âRisk Factorsâ and âManagement’s Discussion and Analysis of Financial Condition and Results of Operationsâ in the most recent annual report on Form 10 -K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) and similar information in the periodic reports and subsequent current reports filed with the SEC, which are available on the investor relations website of the company at www.remax.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and assumes no obligation, to update this information to reflect future events or circumstances.
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SOURCE Currency Mortgage