RE/MAX HOLDINGS, INC. ANNOUNCES VIC LOMBARDO AS PRESIDENT OF MORTGAGE SERVICES TO LEAD MOTTO MORTGAGE AND WEMLO BRANDS
RE/MAX Holdings (NYSE:RMAX) has appointed Vic Lombardo as President of Mortgage Services to lead its Motto Mortgage and wemlo brands. Lombardo, a 30-year industry veteran, will report to CEO Erik Carlson and oversee growth and operations for the company's mortgage services.
Lombardo previously served as Chief Operating Officer at Guaranteed Rate Affinity and has extensive experience in mortgage and real estate, including a decade as Broker/Owner of an independent real estate brokerage. As part of his appointment, Lombardo received an inducement award of 75,000 restricted stock units (RSUs) that will vest in equal installments on March 1, 2026, 2027, and 2028.
RE/MAX Holdings (NYSE:RMAX) ha nominato Vic Lombardo Presidente dei Servizi Mutui per guidare i marchi Motto Mortgage e wemlo. Lombardo, con 30 anni di esperienza nel settore, riporterà al CEO Erik Carlson e sarà responsabile della crescita e delle operazioni dei servizi mutui dell'azienda.
In precedenza Lombardo è stato Chief Operating Officer di Guaranteed Rate Affinity e vanta una lunga esperienza nel settore dei mutui e immobiliare, inclusi dieci anni come Broker/Owner di un'agenzia immobiliare indipendente. In relazione alla nomina, Lombardo ha ricevuto un incentivo di 75.000 unità di azioni vincolate (RSU) che matureranno in quote uguali il 1° marzo 2026, 2027 e 2028.
RE/MAX Holdings (NYSE:RMAX) ha nombrado a Vic Lombardo como Presidente de Servicios Hipotecarios para dirigir sus marcas Motto Mortgage y wemlo. Lombardo, veterano de la industria con 30 años de trayectoria, reportará al CEO Erik Carlson y supervisará el crecimiento y las operaciones de los servicios hipotecarios de la compañía.
Anteriormente, Lombardo fue Chief Operating Officer en Guaranteed Rate Affinity y cuenta con amplia experiencia en hipotecas e inmuebles, incluidos diez años como Broker/Owner de una correduría inmobiliaria independiente. Como parte de su nombramiento, Lombardo recibió un incentivo de 75.000 unidades de acciones restringidas (RSU) que se liberarán en cuotas iguales el 1 de marzo de 2026, 2027 y 2028.
RE/MAX Holdings (NYSE:RMAX)는 Vic Lombardo를 모기지 서비스 총괄 사장으로 임명해 Motto Mortgage와 wemlo 브랜드를 이끌게 했습니다. 업계 경력 30년인 Lombardo는 CEO Erik Carlson에게 보고하며 회사의 모기지 서비스 성장과 운영을 책임집니다.
Lombardo는 이전에 Guaranteed Rate Affinity의 최고운영책임자(COO)를 역임했고, 모기지 및 부동산 분야에서 폭넓은 경험을 쌓았으며 독립 부동산 중개업체의 브로커/소유주로 10년간 일한 경력도 있습니다. 이번 임명과 함께 Lombardo는 75,000개의 제한부 주식 단위(RSU)를 유인 보상으로 받았으며, 이는 2026년, 2027년, 2028년 3월 1일에 각각 동일하게 베스팅됩니다.
RE/MAX Holdings (NYSE:RMAX) a nommé Vic Lombardo président des services hypothécaires pour diriger ses marques Motto Mortgage et wemlo. Lombardo, vétéran du secteur avec 30 ans d'expérience, sera rattaché au PDG Erik Carlson et supervisera la croissance et les opérations des services hypothécaires de la société.
Auparavant, Lombardo a été Chief Operating Officer chez Guaranteed Rate Affinity et possède une solide expérience dans les prêts hypothécaires et l'immobilier, y compris dix ans en tant que Broker/Owner d'une agence immobilière indépendante. Dans le cadre de sa nomination, Lombardo a reçu une prime incitative de 75 000 unités d'actions restreintes (RSU) qui seront acquises par tranches égales le 1er mars 2026, 2027 et 2028.
RE/MAX Holdings (NYSE:RMAX) hat Vic Lombardo zum Präsidenten für Hypothekenservices ernannt, der die Marken Motto Mortgage und wemlo führen soll. Lombardo, ein Branchenveteran mit 30 Jahren Erfahrung, wird an CEO Erik Carlson berichten und das Wachstum sowie den Betrieb der Hypothekenservices des Unternehmens leiten.
Zuvor war Lombardo Chief Operating Officer bei Guaranteed Rate Affinity und verfügt über umfangreiche Erfahrungen im Bereich Hypotheken und Immobilien, darunter zehn Jahre als Broker/Owner eines unabhängigen Immobilienmaklerunternehmens. Im Rahmen seiner Ernennung erhielt Lombardo eine Zuwendung von 75.000 Restricted Stock Units (RSUs), die jeweils am 1. März 2026, 2027 und 2028 in gleichen Teilen vesten werden.
- Appointment of seasoned executive with 30+ years of industry experience
- Strategic hire to strengthen mortgage operations and drive growth
- Executive's background includes successful scaling of mortgage and ancillary services
- 75,000 RSUs grant represents potential future dilution for shareholders
- Follows retirement of previous executive Ward Morrison, indicating leadership transition period
Industry veteran to spearhead technology and customer-first initiatives that empower Motto Mortgage franchisees and create stronger growth opportunities for REMAX Broker/Owners
Lombardo, a seasoned mortgage and real estate executive with more than 30 years of industry experience, will report directly to RE/MAX Holdings CEO Erik Carlson and serve as a key member of the Executive Leadership Team, stepping into the opening created by Ward Morrison's retirement in June.
Most recently, Lombardo 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, where he led daily operations across national mortgage lending divisions. Before his promotion to COO, he held numerous other positions at the company and its predecessor entity, PHH Mortgage, starting as an Account Manager and working his way up to the role of National Vice President of Corporate Relocation and Centralized Sales. Earlier in his career, he spent a decade as Broker/Owner of a fast-growing independent real estate brokerage that expanded into mortgage and other ancillary services under his leadership.
"Vic is a phenomenal addition to the team. His background, skills and customer-first mindset will benefit our mortgage operations," said Erik Carlson, CEO of RE/MAX Holdings. "He's focused on finding innovative ways to increase opportunities for Motto Mortgage brokerage owners and loan originators, which in turn will help strengthen offices and build market share. He also has excellent ideas on maximizing the potential of wemlo, our innovative loan processing brand."
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 Mr. Lombardo in connection with his appointment as President of Mortgage Services.
The award to Mr. Lombardo consists of 75,000 time-based RSUs that are scheduled to vest in equal installments on March 1, 2026, 2027 and 2028.
The RSU award was granted outside of the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan (the "Plan") but will be governed as if they were issued under the Plan. Vesting of the RSUs is subject to the terms and conditions set forth in the award agreement and the Plan. The RSU award was approved by the Compensation Committee of the Board of Directors in reliance on the employment inducement exemption under NYSE Listed Company Manual Rule 303A.08, which requires public announcement of the award.
About RE/MAX Holdings, Inc.
RE/MAX Holdings, Inc. (NYSE: RMAX) 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
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 Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at www.remaxholdings.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.
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SOURCE RE/MAX Holdings, Inc.
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