30 nov 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 providing you with mortgage that is third-party processing services, is a good investment within the company’s rapidly growing Motto Mortgage franchise company.

RE/MAX Holdings, the moms and dad business associated with RE/MAX and Motto personal loans nebraska Mortgage franchise brands, established Tuesday the purchase of wemlo, a 20-month-old, Florida-based fintech startup providing you with third-party home loan processing services.

Ward Morrison | Photo credit: Motto Mortgage

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

“The number 1 issue into the home loan brokerage channel today is finding top quality processors,” Ward Morrison, the president of Motto Mortgage told Inman. Wemlo is Motto Mortgage’s treatment for that issue.

Wemlo’s technology that is key a “service cloud” for home loans, which combines third-party loan processing having an all-in-one digital platform, so that they can eradicate the pain points of loan processing and technology fragmentation in the market.

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