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Updated RecentlyNectar Mortgages vs Motto Mortgage Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Nectar Mortgages vs Motto Mortgage including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $100,000 - And Up | $52,800 - $73,800 |
| Franchise Fee | N/A | $25,000 - $26,500 |
| Royalty Fee | - | $4.5K/mo. |
| Advertising Fee | - | $300/mo. |
| Year Founded | - | 2016 |
| Year Franchised | - | 2016 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | Yes/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | On-The-Job Training: Varies Classroom Training: 20 hours |
| Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Nectar Mortgages
We want to be the #1 mortgage brokering business in Australia as judged by our most valued critics - our customers!
Our focus on delivering world-class customer service directs everything we do at Nectar, and since launching in 2013, we’re proud to have helped thousands of satisfied customers across Australia achieve fantastic financial outcomes.
Nectar exists because we believe that there's a better way of doing mortgage brokering. Most mortgage brokers are part of a group, but they tend to think and act independently. This means the actual experience you'll have from broker to broker varies enormously, even if they present you with the same options. At Nectar we believe that customers should not only get the right loan for them, but have a consistently great experience regardless of the broker. We call this 'The Nectar way'. With a Nectar broker working for you, you can expect: *Great service and support every step of the way - not just during the application process, but as long as you have a mortgage *A streamlined approach to the application process *Help completing the required documentation *All this - at no cost for our services
About Motto Mortgage
Motto Mortgage was established late October 2016, and sold 50 franchises
in its inaugural year. Motto Mortgage is a network of mortgage brokers
focused on helping consumers make sense of the home loan process. Motto
Mortgage loan originators work hand-in-hand with real estate agents,
providing a seamless customer experience from start to finish. With
access to a wholesale lending mix, Motto Mortgage network offices
provide more home loan options and competitive rates. The model not only
creates an ancillary business for current real estate brokerage firms,
but also offers opportunities for mortgage professionals seeking to open
their own businesses, or independent investors interested in financial
services.
The company has over 60 franchises open and operating in 28 states
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#147 in Franchise 500 for 2021.