Deal gives the nation's biggest provider of riskier 'non-QM' mortgages additional capacity to offer more traditional loans backed by Fannie Mae and Freddie Mac, FHA, VA and USDA
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
'Mortgage brokerage in a box' offering makes Entrepreneur's list of top franchise opportunities for a 5th consecutive year, despite challenging conditions for mortgage lenders
The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
A new program gives originators better visibility into how lender fees will be presented to borrowers