The inaugural Motto EDGE (Entrepreneurs Driving Growth and Excellence) Forum in Chicago offered exclusive sessions and panels for Motto Mortgage broker owners to learn about growing their business. Hosted by Motto Franchising, LLC, highlights from the Motto EDGE included:
Motto Franchising, LLC is excited to announce that there are now 100 open network offices with locations in 30 states. Twenty percent of open offices offer virtual locations in addition to their brick and mortar location. Since inception less than three years ago, the network has helped almost 4,000 families become homeowners.
Ward Morrison, president of Motto Franchising, LLC shared his competitive analysis of the overall mortgage brokerage industry and viewpoint on updates happening within mortgage and real estate.
Initiatives & Feedback
Motto Franchising, LLC is launching new initiatives within the Motto Mortgage network based on feedback from Motto Mortgage broker owners. Many of these initiatives will roll out before the end of the year. Additionally, headquarters is continuously working to refine the wholesaler matrix based off the needs of the network.
Tech Stack Updates
Dustin Morton, Director of Product and Strategy for Motto Franchising, LLC shared some 2019 achievements with Motto EDGE attendees including: statistics about onboarding and deal-time product support, maturing data security processes and loan originator training.
Morton also shared some exciting technology announcements. SmartFees® by Closing Corp. is live this week. The SmartFees® tool will save tons of time on each loan by automating the hardest part of the loan origination workflow — generating tax/fee amounts for a prequalification or estimate. Additionally, Morton announced new data security management including multi-factor authentication from industry leader Okta.
Loan Originator and Pipeline Management
The Motto Mortgage network loves to share best practices with each other. During a breakout session about loan originator management, Darryl Evans, broker owner of Motto Mortgage Northshore, shared one way he has grown his office to include seven LOs. “Before you start recruiting, determine who you are looking for. I look for loan originators who are hungry, humble and smart.”
Save the Date for MILE 2020
The third annual Motto MILE Summit will take place in Las Vegas, Saturday, February 22 to Monday, February 24 at the MGM Grand Resort & Casino. MILE 2020, held immediately preceding R4, will include an awards dinner, keynote industry speakers, panels and breakout sessions, continuing education and training, network updates and social events.