RE/MAX getting into the mortgage business; launches Motto Mortgage

(RECAP: On Tuesday, RE/MAX announced it is launching Motto Mortgage, a mortgage brokerage franchise that the company plans to take nationwide. “Motto Mortgage will open mortgage franchises throughout the U.S. increasing competition in the industry, resulting in more choice and a better experience for consumers,” the company said. “Its loan originators will work with real estate offices so that agents can help homebuyers obtain the mortgage loans that best fit their individual needs.” RE/MAX claims that by placing Motto Mortgage franchises within RE/MAX offices, it makes a right “one-stop shop” for homebuyers. RE/MAX notes that Motto Mortgage loan originators “will not be bound” to the loan products of any specific lenders and will have “access to quality loan options from various sources.”)

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