Molo noted that the deal builds on “the strategic partnership with Molo and ColCap entered into last year.”
Molo said the investment will help it grow under the existing management team as an independent company under the ColCap umbrella.
The purpose of a mentorship program is to facilitate field training for new hires that are not experienced so that they will receive the support they need to transition into productive members of the sales force. Having a mentorship program will also relieve the burden on branch managers who are then freed up to recruit additional producers and provides management field training/experience to senior-level producers.
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Molo Finance, a UK-based digital mortgage lender, has sold an 80% stake to Australian mortgage lender ColCap. So reports Crowdfund Insider.
Molo noted that the deal builds on “the strategic partnership with Molo and ColCap entered into last year.”
Molo said the investment will help it grow under the existing management team as an independent company under the ColCap umbrella.