Mortgage Brokerage Franchise Continues to Disrupt Industry
October 23, 2018
The first national mortgage brokerage franchise in the U.S., the franchisor also reached a major milestone earlier this month, selling the 100th Motto Mortgage franchise, just 23 months after its launch. Motto Mortgage was established late October 2016 and sold 50 franchises in its inaugural year in business.
“We are thrilled to be among the top one percent of fastest-growing emerging franchises,” said Ward Morrison, president, Motto Franchising, LLC. “This research illustrates what we already knew – Motto Mortgage is a revolutionary franchise model that entrepreneurs want to be a part of.”
Only one out of five franchises reached 100+ locations after their eighth year of franchising according to another 2017 Franchise Grade® industry report. That two-part report included a study which examined ten years of franchise growth using data extracted from franchise disclosure documents (FDDs) to present a representation of start-up and emerging franchise development since 2007. That study also found only one percent of franchises had sold 100 franchises after two years, and only five percent after four years.
Motto Mortgage, a “mortgage brokerage in a box,” 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.
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 100 franchises sold and more than 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 email@example.com, 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.
*Top 1 % is based on number of franchise sales as determined by Franchise Grade® in its review of franchise sales information in 2,500 Franchise Disclosure Documents issued during the 12 months ended August 30, 2018.
Public Relations and Social Media Manager
Motto Franchising, LLC