Motto Mortgage marked its third year since incorporation last week with the sale of its 150th franchise.
The firm launched its first mortgage brokerage on October 25, 2016 and has seen growth averaging 50 franchises a year since with the brand currently having more than 100 offices in over 30 states, each independently owned and operated.
"One hundred-fifty franchises sold in only three years is an extraordinary feat for a startup franchisor. This growth demonstrates the demand and potential of our business model," said Ward Morrison, President, Motto Franchising, LLC. "But more than that, our network of Motto Mortgage broker owners includes family-run operations and multi-generational ownership. Together, we're strengthening communities and fortifying the American dream."
Motto Mortgage’s “mortgage brokerage in a box” model makes it easy for real estate agencies to add home loan financing as an ancillary business or for mortgage professionals or financial services providers to start their own mortgage business.
The firm, part of RE/MAX Holdings, was named an Entrepreneur Magazine 2019 Fastest- Growing Franchise based on the net number of franchise units added in the U.S. and Canada between July 2017 to July 2018
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