DENVER, Oct. 3, 2018 /PRNewswire/ -- Motto Franchising, LLC announced the sale of its 100th Motto Mortgage franchise, a major milestone just 23 months after its launch. As the first national mortgage brokerage franchise in the U.S., Motto Mortgage was established late October 2016 and sold 50 franchises in its inaugural year in business. Motto Mortgage is also among the top one percent of fastest-growing emerging franchises in 2018, according to an analysis of over 2,500 franchise systems conducted by Franchise Grade®.
An innovative concept, Motto Mortgage is a network of mortgage brokers focused on helping consumers make sense of the home loan process. Motto Mortgage loan originators work hand-in-hand with real estate agents, providing a seamless customer experience from start to finish. With access to a wholesale lending mix, Motto Mortgage network offices provide more home loan options and competitive rates.
Giving praise to a team that has been working tirelessly to get 100 franchises sold while supporting the success of a trailblazing group of entrepreneurs, Motto Franchising, LLC President Ward Morrison recognizes the significance of such a milestone.
"One hundred franchises sold in less than two years is remarkable for a startup franchisor, regardless of the industry. This just showcases how revolutionary the Motto Mortgage model truly is," said Morrison. "It's incredibly exciting. We're charting new territory as the first national mortgage brokerage franchise and will continue to capitalize upon this momentum."
Bill and Kendall Bonner of Tampa, Florida, purchased the 100th Motto Mortgage franchise. Experienced RE/MAX franchise owners with a combined 40 years of experience as attorneys and real estate professionals, the Bonners will open Motto Mortgage Resource in late 2018. The value of having mortgage as an additional business was clear to the Bonners.
"We're thrilled to join the Motto Mortgage network. Purchasing a home can be an overwhelming process. Our goal is to truly become a convenient, one-stop shop where customers have the choices they want, and caring experts they know they can count on," said Kendall Bonner.
Motto Mortgage, a "mortgage brokerage in a box," is the second member of the RE/MAX Holdings, Inc. (NYSE: RMAX) family of brands and is disrupting the mortgage industry by providing more options, transparency and convenience for consumers. This model not only creates an ancillary business for current real estate brokerage firms, but also offers opportunities for mortgage professionals seeking to open their own businesses, or independent investors interested in financial services.
Motto Mortgage has over 60 franchises open and operating in 28 states and the District of Columbia, including Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, Montana, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas and Washington.
About Motto Mortgage
Motto Mortgage is breaking the mold by giving the power of choice back to consumers with less jargon, more transparency, and even more options to choose from as they shop for the right home loan. With over 60 offices open in 28 states, Motto Franchising, LLC's unique national franchise mortgage brokerage model is the first of its kind in the 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. Motto Mortgage is the second member of the RE/MAX Holdings, Inc. family of brands. Each Motto Mortgage office is independently owned, operated and licensed. To learn more about Motto Mortgage, or for license information for a Motto Mortgage office, email firstname.lastname@example.org, or visit www.mottomortgage.com/offices.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a Motto Mortgage franchise. It is for informational purposes only. We will not offer you a franchise in states or other jurisdictions where registration is required unless and until we have complied with applicable pre-sale registration requirements in your state (or have been exempted therefrom) and a Franchise Disclosure Document has been delivered to you before the sale in compliance with applicable law. New York residents: This advertisement is not an offering. An offering can be made by prospectus only. Minnesota Reg. No. F-8089; Motto Franchising, LLC, 5075 South Syracuse St #1200, Denver, CO 80237, 1.866.668.8649.
*Source: Franchise Grade®, based on an analysis of over 2,500 franchise systems in 2018.
SOURCE Motto Mortgage