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 companyвЂ™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 companyвЂ™s rapidly growing Motto Mortgage franchise company, which had its second-best quarter in business history during Q2 of 2020, growing t0 127 workplaces.
вЂњThe number 1 issue into the home loan brokerage channel today is finding top quality processors,вЂќ Ward Morrison, the president of Motto Mortgage told Inman. Wemlo is Motto MortgageвЂ™s treatment for that issue.
WemloвЂ™s technology that is key a вЂњservice cloudвЂќ 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.