Motto Mortgage was established late October 2016, and sold 50 franchises in its inaugural year. Motto Mortgage is a network of mortgage brokers focused on helping consumers make sense of the home.
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Now on to M&A, the expansion of our banking franchise through mergers. when compared to last quarter, gain on sale of loans was down $4.2 million with $1.4 million of the reduction related to.
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Motto Franchising LLC has announced the sale of its 100th Motto Mortgage franchise, a major milestone just 23 months after its launch. Motto Mortgage was established late October 2016 and sold 50 franchises in its inaugural year in business.
A $150 million gain was recorded on the sale of certain investment real estate assets this quarter, offset by a corresponding $150 million increase in general reserves. Total operating revenue of $2,776 million for the quarter (excluding investment real estate gains of $150 million) was up by 32% over the prior year.
In fact, Motto is among the top 1% fastest growing emerging franchises in 2018, according to an analysis of over 2,500 franchise systems conducted by Franchise Grade, 100 franchises sold in less.
Motto Mortgage has announced that it has opened its 100th franchise office. For the past three years, the company has continued to expand in the 30 states it is operating in. Earlier in 2019.
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Motto Franchising, LLC is based in Denver, Colorado, and will now begin actively selling franchises in certain markets. Each Motto Mortgage franchise will be independently owned and operated. For more information, please email firstname.lastname@example.org or visit mottomortgage.com. RE/MAX will discuss the launch of Motto Mortgage in more detail on.
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As the first national mortgage brokerage franchise in the U.S., Motto Mortgage was established late October 2016 and sold 50 franchises in its inaugural year in business.
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