Erik Carlson said the company's franchisees are 'seeing a lot more inbound activity here,' which may, in part, be in response to the recently announced acquisition of Anywhere by Compass
Former PHH Mortgage executive Vic Lombardo was most recently COO of Guaranteed Rate Affinity, a joint venture between nonbank lender Guaranteed Rate and Anywhere Real Estate
Since peaking at 246 offices in the fourth quarter of 2023, RE/MAX's mortgage brokerage franchising business has experienced declines for 5 consecutive quarters
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
After four consecutive quarters of declines, Motto Mortgage had 225 open offices at the end of 2024, down 8% from last year's peak of 246 on slower franchise sales and terminations
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
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
In a break with the past, 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
Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6M Q4 net loss as rising rates dented home sales
With a new office in Alaska and an expanded presence in South Carolina, Motto Franchising has announced 7 new franchisees in 6 states so far this year
On Tuesday, RE/MAX Holdings CEO Adam Contos announced he was leaving the company after 19 years. Here's everything you need to know about the new man in charge, Stephen Joyce
RE/MAX board member Stephen Joyce will take over as interim CEO as RE/MAX searches for a permanent replacement. Nick Bailey and Ward Morrison will take on larger roles
RE/MAX CEO Adam Contos stressed during a third-quarter earnings call Tuesday that the company's recent investments are beginning to pay off and that it's on firm footing for 2022
The acquisition of RE/MAX Integra North America and growth of its AI-app First led RE/MAX to a strong second quarter, according to a Thursday post-earnings call
During the company's Friday morning earnings call, the company revealed more granular detail on the company's strategies for 2021