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Motto Franchising, LLC revealed that the Motto Mortgage network of offices closed nearly $2.5 billion in loan volume. According to a press release, the company more than doubled its closed loan volume year-over-year and saw a 99% increase in families served, compared to 2019.
The company also pointed out that 43% of the network's 2020 loan volume was closed by Motto Mortgage franchise offices that have been operating for two years or less. The company's network of 383 loan originators, across its 140 offices in 40 states contributed to the $2.47 billion in loan volume.
"Closing nearly $2.5 billion in loan volume as a network is a remarkable feat in any year, but especially in a challenging one like 2020 – only our fourth full year of operations," said Ward Morrison, president, Motto Franchising, LLC. "That was only one of many achievements for our brand last year. 2020 was a record-breaking year for Motto franchise sales, and the fourth quarter was our best quarter yet in company history."
Click here to learn more about the company's banner year.