RE/MAX acquires startup that is fintech help home loan brokerage biz

RE/MAX acquires startup that is fintech help home loan brokerage biz

RE/MAX and wemlo

The purchase of wemlo, a startup that delivers third-party real estate loan processing services, is a good investment in the company’s rapidly growing Motto Mortgage franchise company.

RE/MAX Holdings, the moms and dad business for the RE/MAX and Motto Mortgage franchise brands, established Tuesday the purchase of wemlo, a 20-month-old, Florida-based fintech startup that delivers third-party home loan processing services.

Ward Morrison | Picture credit: Motto Mortgage

The purchase is a good investment into the company’s rapidly growing Motto Mortgage franchise business, which had its second-best quarter in business history during Q2 of 2020, growing t0 127 workplaces.

“The number 1 issue within the home loan brokerage channel today is finding quality that is good,” Ward Morrison, the president of Motto Mortgage told Inman. Wemlo is Motto Mortgage’s means to fix that problem. (meer…)

Lees verder RE/MAX acquires startup that is fintech help home loan brokerage biz