Motto Mortgage is a mortgage brokerage offering loan origination services. The franchise provides clients with a variety of mortgage products and services to meet their financing needs.
Key Insights
- Motto Mortgage was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Quality control systems ensure consistent results across all projects while adapting to unique specifications and client expectations, utilizing proven procedures and regular assessments that maintain high standards while accommodating individual needs and preferences.
- Economic factors support increased consumer spending on services that improve quality of life and provide convenience, creating growth opportunities for businesses that can deliver value while adapting to changing economic conditions and customer priorities.
Franchise Fee and Costs to Open
Exploring the financial picture of Motto Mortgage gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $55,700 - $239,750, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Training and Resources
Motto Mortgage provides comprehensive training to new franchisees. This initial program, spanning two weeks, takes place at Motto Mortgage headquarters in St. Louis, Missouri. The franchisor offers a robust support system, including marketing, technology, and operational guidance. Resources are provided to assist franchisees in establishing their businesses.
Legal Considerations
Legal considerations for a Motto Mortgage franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees will encounter the challenge of understanding local market nuances and client needs to effectively compete. Managing diverse operational workflows, from lead generation to loan closing, requires diligent attention. Furthermore, dependence on various lending partners for product offerings presents a factor to consider for consistent availability and terms.
Franchise Datasheet
FAQs
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