Motto Mortgage Gains Momentum With 100 Franchises Sold

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RE/MAX Holdings Reports Fourth Quarter And Full-year 2016 Results. Launched the Motto Mortgage franchise in October. is off to a successful start with the first franchises sold and the.

Motto Franchising, LLC announced the sale of its 100th Motto Mortgage franchise, a major milestone just 23 months after its launch.. Motto Mortgage Gains Momentum With 100 Franchises Sold. By.

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Motto Mortgage was established late October 2016, and sold 50 franchises in its inaugural year. motto Mortgage is a network of mortgage brokers focused on helping consumers make sense of the home.

Motto Mortgage has reached a milestone 100 franchises as it approaches the second anniversary of its launch. The national mortgage brokerage franchise was founded by RE/MAX Holdings in October.

The Company defines adjusted EBITDA as EBITDA before acquisition-related expenses, bargain purchase gain, loss on. 21 RDs responsible for 100% of the franchise license sales. gross profit increased.

And third, our Motto Mortgage network continues to expand, which helps diversify revenue during this period of lower agent-count growth and slower home sales. In fact, we recently sold our 100 th Motto franchise, and reaching that milestone in under two years is a rare feat for a new franchise brand." Third Quarter 2018 Operating Results. Agent.

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.

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We now have an $87 million backlog of these SBA construction loans, and we believe that the backlog being created will provide a tailwind to SBA gains for the rest of the year. Our mortgage. that.

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