RE/MAX Holdings Names Vic Lombardo President of Mortgage Services, Appoints Him to Lead Motto Mortgage and wemlo Brands

RE/MAX Holdings has appointed Vic Lombardo as President of Mortgage Services, overseeing Motto Mortgage and wemlo brands. Lombardo has 30+ years of experience in mortgage and real estate sectors. He previously served as COO at Guaranteed Rate Affinity. Lombardo will report to CEO Erik Carlson and receive 75,000 RSUs vesting in equal installments from 2026 to 2028.

RE/MAX Holdings, Inc. (NYSE: RMAX) has appointed Vic Lombardo as President of Mortgage Services, overseeing the company's mortgage services, including Motto Mortgage and wemlo brands. Lombardo brings over 30 years of experience in the mortgage and real estate sectors to the role. He previously served as Chief Operating Officer at Guaranteed Rate Affinity, one of the industry's largest joint ventures between a major real estate brand and a major mortgage lender.

Lombardo will report directly to RE/MAX Holdings CEO Erik Carlson and will be a key member of the Executive Leadership Team. He will oversee growth and operations for the company's mortgage services, focusing on technology and customer-first initiatives that empower Motto Mortgage franchisees and create stronger growth opportunities for RE/MAX Broker/Owners [1].

Lombardo's appointment comes after Ward Morrison's retirement in June. He will be responsible for scaling the growth of Motto Mortgage, which has over 210 open offices across more than 40 states, and maximizing the potential of wemlo, the company's innovative loan processing brand. Lombardo has expressed excitement about the opportunity to help Motto Mortgage and wemlo deliver more innovative solutions and exceptional experiences for brokers, loan originators, and their customers [2].

In addition to his new role, Lombardo will receive 75,000 restricted stock units (RSUs) that will vest in equal installments over three years, starting in 2026. The RSU award was granted outside of the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan but will be governed as if issued under the Plan [1].

RE/MAX Holdings, Inc. is one of the world's leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX® brand and mortgage brokerages within the U.S. under the Motto® Mortgage brand. The company was founded in 1973 by Dave and Gail Liniger and has a presence in more than 110 countries and territories. RE/MAX launched Motto Franchising, LLC, a ground-breaking mortgage brokerage franchisor, in 2016 [1].

References:
[1] https://www.prnewswire.com/news-releases/remax-holdings-inc-announces-vic-lombardo-as-president-of-mortgage-services-to-lead-motto-mortgage-and-wemlo-brands-302532551.html
[2] https://www.marketscreener.com/news/re-max-holdings-announces-vic-lombardo-as-president-of-mortgage-services-to-lead-motto-mortgage-wem-ce7c51dcda8ef520