, a member of the RE/MAX Holdings Inc. family of brands, has announced that banking and finance industry veteran Lance Allbritton and David Hoggard, Broker/Owner of RE/MAX River & Sea, have purchased and opened the first Motto Mortgage franchise in the Pacific Northwest in Astoria, Ore.
“There is tremendous growth in the demand for housing in North Oregon,” said Allbritton. “As property values and rental prices continue to rise, many renters in North Oregon are transitioning into potential buyers before home prices are out of their reach. They’re looking for more lending options so that they can achieve home ownership. We want to help them succeed and opening a Motto Mortgage franchise will allow us to do that.”
President of Motto Franchising Ward Morrison said, “Our franchise owners believe in our mission, principles and value proposition. Motto Mortgage continues to sell franchises from coast to coast and we’re thrilled that Lance and David are committed to bringing better service and more lending choices to North Oregon.”