RE/MAX HOLDINGS, INC. ANNOUNCES VIC LOMBARDO AS PRESIDENT OF MORTGAGE SERVICES TO LEAD MOTTO MORTGAGE AND WEMLO BRANDS
Industry veteran to spearhead technology and customer-first initiatives that empower Motto Mortgage franchisees and create stronger growth opportunities for
Lombardo, a seasoned mortgage and real estate executive with more than 30 years of industry experience, will report directly to
Most recently, Lombardo served as Chief Operating Officer at
"Vic is a phenomenal addition to the team. His background, skills and customer-first mindset will benefit our mortgage operations," said
Said Lombardo:
"I've admired Motto since its launch in 2016 and I'm excited to help scale its growth alongside wemlo. Together, we can deliver more innovative solutions and exceptional experiences for brokers, loan originators and their customers."
Each Motto Mortgage franchise is independently owned, operated, and licensed. To learn more about Motto Mortgage, visit www.MottoMortgage.com. For more information on wemlo, visit www.wemlo.io.
Notice of Issuance of Inducement Grant Under NYSE Rule 303A.08
The Company also announced an inducement award of restricted stock units ("RSUs") to
The award to
The RSU award was granted outside of the
About
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," "anticipate," "may," "will," "would" and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to the Company's incoming President of Mortgage Services, the benefits of his appointment to that position, growth, technology innovation, strengthening Motto Mortgage offices, and building market share. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, without limitation, (1) changes in the real estate market or interest rates and availability of financing, (2) changes in business and economic activity in general, including enacted and proposed tariffs and other trade policies which could impact the global economy, (3) the Company's ability to attract and retain quality franchisees, (4) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (5) changes in laws and regulations, (6) the Company's ability to enhance, market, and protect its brands, (7) the Company's ability to implement its technology initiatives, (8) risks related to the Company's leadership transition, (9) fluctuations in foreign currency exchange rates, (10) the nature and amount of the exclusion of charges in future periods when determining Adjusted EBITDA is subject to uncertainty and may not be similar to such charges in prior periods, and (11) those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the
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