Located in Astoria, Ore., the franchise was opened by banking and finance industry veteran Lance Allbritton and David Hoggard, broker and owner of RE/MAX River & Sea.
“There is tremendous growth in the demand for housing in North Oregon,” Allbritton said. “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 homeownership. We want to help them succeed, and opening a Motto Mortgage franchise will allow us to do that.”
RE/MAX announced the launch of Motto Mortgage in October last year.
“Our franchise owners believe in our mission, principles and value proposition,” said Motto Mortgage President Ward Morrison. “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.”
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RE/MAX’s recently launched mortgage division, Motto Mortgage, has been franchised in the Pacific Northwest, according to a news release.