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RE/MAX Holdings Inc. (NYSE: RMAX), parent company of REMAX and Motto Mortgage, has hired Vic Lombardo as president of mortgage services.

In his new role, Lombardo will oversee growth and operations for the company’s mortgage services, including Motto Mortgage and Wemlo. He will report directly to RE/MAX Holdings CEO Erik Carlson and serve as on the executive leadership team.

Lombardo was previously chief operating officer at Guaranteed Rate Affinity and was national vice president of corporate relocation at the predecessor company PHH Mortgage. Earlier in his career, he spent a decade as broker/owner of an independent real estate brokerage.

“Vic is a phenomenal addition to the team. His background, skills and customer-first mindset will benefit our mortgage operations,” said Carlson. “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.”

The company also announced an inducement award to Lombardo that consists of 75,000 time-based restricted stock units that are scheduled to vest in equal installments on March 1, 2026, 2027 and 2028.