RE/MAX Holdings / Wemlo 2020
RE/MAX Holdings acquired Wemlo on September 1, 2020.
- Target
- Wemlo
- Acquirer
- RE/MAX Holdings
- Announced
- September 1, 2020
- Sub-sector
- Mortgage Tech
Transaction overview
- RE/MAX Holdings announced the acquisition of Wemlo on September 1, 2020.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquires fintech providing third-party mortgage loan processing and digital platform for mortgage broker channel to enhance Motto Mortgage franchise offering.
Deal terms & multiples
Frequently asked questions
When did RE/MAX Holdings announce the acquisition of Wemlo?
RE/MAX Holdings announced the acquisition of Wemlo on September 1, 2020.
What sub-sector is Wemlo in?
Wemlo is tracked in the Mortgage Tech sub-sector.
Sources
- bankerandtradesman.com /re-max-holdings-mortgage-brand-enters-mass-market/