DENVER, February 26, 2021 / PRNewswire / – Motto Franchising, LLC today announced that the Motto mortgage almost closed office network $ 2.5 billion loan volume and has helped 10,000 families achieve their dreams of homeownership in 2020. Year over year, the Motto mortgage network has more than doubled its volume of closed loans and has seen an increase 99% of the number of families served compared to 2019. Most notable given that 43% of the network’s lending volume in 2020 was closed by Motto Mortgage franchise offices that have been in operation for two years or less.
The Motto Mortgage office network closed nearly $ 2.5 billion in loan volume and helped 10,000 families achieve their dreams of homeownership in 2020.
Some 383 loan originators from the Motto Mortgage network contributed to the closing of the $ 2.47 billion in loan volume in 2020. Currently, more than 140 Motto mortgage offices in nearly 40 states are open and serving consumers. The brand is the leading national mortgage brokerage franchise in United States.
The complexity of 2020 only adds to the accomplishment, said Ward morrison, President, Motto Franchising, LLC.
“Almost closing $ 2.5 billion in lending volume as a network is a remarkable achievement every year, but especially in a difficult year like 2020 – only our fourth full year of operations, “said Morrison.” It was just one of many accomplishments. of our brand last year. 2020 was a banner year for Motto franchise sales, and the fourth quarter was our best quarter in company history. Our momentum is real. ”
Earlier this year, the Motto Mortgage brand was named Contractor magazine’s 41st annual Deductible 500® list, ranking first in the Miscellaneous Financial Services category and # 147 overall¹. In 2020, the franchise brand received 15 franchises and industry rewards of Entrepreneur, Franchise Business Review, The Denver Business Journal and more.
In addition to making it easier to buy and refinance a home for 10,000 families in 2020, Motto’s mortgage offices have given back to their communities throughout the year through the Motto Mortgage Mission Against Hunger implemented in 2017. As food insecurity increased dramatically due to the pandemic, Motto Mortgage Offices held frequent food drives and raised thousands of dollars to support local food banks. “Our people stepped up when their communities needed it most,” said Morrison.
Motto Mortgage, a “boxed mortgage brokerage”, continues to create waves in the mortgage industry by providing exceptional service, more options, greater transparency and increased convenience for consumers. This model creates an ancillary activity for current real estate brokerage firms and also provides opportunities for mortgage professionals who wish to open their own business and / or independent investors interested in financial services.
Each Motto mortgage franchise is independently owned, operated and licensed.
About Motto Mortgage
The Motto Mortgage Network breaks the mold by giving consumers the power to choose back with less jargon, more transparency and even more options to choose from when buying the right mortgage. With over 125 offices open in over 30 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 is designed to connect 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 the Motto mortgage or for information on licensing a Motto mortgage office, send an email [email protected], or visit www.mottomortgage.com/offices.
¹Motto Mortgage was ranked 147 in the 2021 Entrepreneur Magazine Franchise 500® and was named first in the Entrepreneur category for Miscellaneous Financial Services. Overall rank and categorization is based on analysis of data, including costs and fees, support, size and growth, brand strength, and financial strength and stability, from franchise disclosure and related dated documents August 2019 at July 2020 of the 1,116 participating franchise systems which included 3 systems in the Miscellaneous Financial Services category.
This information is not intended to be 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 disclosure document has been delivered 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; Motto Franchising, LLC, 5075 South Syracuse St # 1200, Denver, CO 80237, 1.866.668.8649.
SOURCE Motto mortgage
