Tag Archives: motto mortgage

Motto Mortgage CEO announces upcoming retirement

By | | Uncategorized
Comments Off on Motto Mortgage CEO announces upcoming retirement

Ward Morrison will step down in June but serve as a consultant until the end of the year. He has helmed Motto Mortgage since 2016. Continue reading →

RE/MAX turns $5.8M profit in Q4 despite 10th straight revenue dip

By | | Uncategorized
Comments Off on RE/MAX turns $5.8M profit in Q4 despite 10th straight revenue dip

A drop in expenses was enough to offset falling revenue from franchise fees and annual dues that make up about 70 percent of RE/MAX’s revenue, the company said on Thursday. Continue reading →

RE/MAX’s Motto Mortgage office count contracted again in Q4

By | | Uncategorized
Comments Off on RE/MAX’s Motto Mortgage office count contracted again in Q4

After four consecutive quarters of declines, Motto Mortgage had 225 open offices at the end of 2024, down 8 percent from last year’s peak of 246. Continue reading →

RE/MAX’s Motto Mortgage bounces back with new offices

By | | Uncategorized
Comments Off on RE/MAX’s Motto Mortgage bounces back with new offices

After seeing its open office count shrink this year for the first time ever, RE/MAX’s mortgage franchisor brings new offices online in Arizona, South Carolina and Michigan. Continue reading →

RE/MAX’s Motto Mortgage office count is shrinking for first time

By | | Uncategorized
Comments Off on RE/MAX’s Motto Mortgage office count is shrinking for first time

Franchise sales have slowed, and some existing franchisees have canceled their agreements, but Motto Franchising President Ward Morrison expects growth to resume when lending picks up. Continue reading →

RE/MAX revenue drops for 7th consecutive quarter

By | | Uncategorized
Comments Off on RE/MAX revenue drops for 7th consecutive quarter

Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts’ expectations for revenue to fall by 9.5 percent. Continue reading →

RE/MAX’s Motto Mortgage out to re-up original franchise owners

By | | Uncategorized
Comments Off on RE/MAX’s Motto Mortgage out to re-up original franchise owners

Most new franchisees signing up for Motto’s “mortgage brokerage-in-a-box” solution are real estate brokerages and teams that aren’t affiliated with RE/MAX. Continue reading →

RE/MAX’s Motto Mortgage makes Entrepreneur’s ‘Franchise 500’ list

By | | Uncategorized
Comments Off on RE/MAX’s Motto Mortgage makes Entrepreneur’s ‘Franchise 500’ list

“Mortgage brokerage in a box” makes Entrepreneur’s list of top franchise opportunities for a 5th consecutive year, despite challenging conditions for mortgage lenders. Continue reading →

RE/MAX parent appoints former DISH Network exec as CEO

By | | Uncategorized
Comments Off on RE/MAX parent appoints former DISH Network exec as CEO

Erik Carlson comes to RE/MAX in the wake of Adam Contos’ departure. He also joins the company at a tumultuous time for the real estate industry. Continue reading →

RE/MAX Holdings to lay off 7% of staff by end of September

By | | Uncategorized
Comments Off on RE/MAX Holdings to lay off 7% of staff by end of September

The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings. Continue reading →