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Mortgage Loan Officer
TOMO Stamford, CT
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$49k-68k (estimate)
Full Time 1 Week Ago
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TOMO is Hiring a Mortgage Loan Officer Near Stamford, CT

About Tomo
We believe everyone deserves a home-and at Tomo, our mission is to make homeownership a reality for everyone. We're changing the way that people discover their dream home and tour it. And we're helping prospective homebuyers determine what they can afford, make a winning offer, and ultimately, purchase their dream home with a Tomo mortgage.
The elevator pitch...
The Company . Tomo is a FinTech startup that improves the home buying experience by pairing a smarter and faster mortgage process with the best real estate agents to eliminate complexity, reduce cost, and put buyers in the best position to close. Tomo raised a record setting seed round of $70 million and plans to change the future of how homebuyers finance their home purchases.
The Role . You have a passion for helping others, love sales, and get giddy about providing once-in-a-lifetime opportunities for homebuyers. You recognize that technology is the future, and that the mortgage industry could use a shake up. Tomo is seeking mortgage loan officers (Loan Advisors) to help evolve the home buying experience into a customer-centric, streamlined, joy-filled process.
Tomo Loan Advisors specialize in developing and maintaining real estate agent partnerships that yield close personal relationships and high converting client referrals. At Tomo, our Loan Advisors are trusted advocates to our customers. They take great pride in understanding each homebuyer's unique goals and needs, and guiding them in their decision to choose Tomo for their mortgage financing needs. Beyond producing high quality loans, our goal is to build a memorable experience that will ensure our customers enjoy the home buying process. To accomplish this goal, we are seeking Loan Advisors that help us innovate and drive friction out of the mortgage customer experience.
You have an NMLS MLO License.
The things you'll be doing... (Role Responsibilities)
  • Advise Tomo's prospective homebuyers and guide them through the mortgage loan process.
  • Develop relationships with real estate agents in specific markets ensuring they feel confident in our team's ability to close a loan on time.
  • Manage a pipeline of warm leads - helping them convert into closed business (this may mean connecting with prospective customers and solidifying details of a mortgage application).
  • Be creative and solution oriented - identify solutions to meet customer unique needs and take a consultative approach.
  • Be compliant - adhere to investor guidelines for all documents required for a complete submission to Underwriting.
  • Quote rates and guidelines with accuracy and fairness.
  • Become an expert in our POS, CRM and LOS systems to facilitate a more efficient and accurate process.
  • Some travel required.
The things you're exceptional at... (Qualifications & Skills)
  • Residential mortgage lending (2 years of experience).
  • Experience working with top real estate agents.
  • World class at taking buyers from "hello" to "keys in hand." Fearless in the pursuit of excellence and perfecting your craft.
  • Communication expert - both externally with agents and clients as well as internally with Tomo team members.
  • Building relationships quickly (with clients and real estate agents).
  • Balancing a "hunter" and "gatherer" mindset.
  • Industry knowledge of loan products and pricing strategies.
  • Knowledge of Desktop Underwriter (DU) & Loan Prospector/Loan Product Advisor (LP/LPA).
  • Multitasking and keeping files organized.
  • Perceiving problems and anticipating needs of customers, real estate agents or partners.
  • The drive to build something new. Detail-oriented with a strong focus on quality.
You may also have the extras... (Additional Qualifications & Skills)
  • Experience in a startup environment.
Tomo believes in compensation transparency. The on target earnings for this role will range from $150,000 - 200,000.
The expected annual compensation for this position will be between
$150,000-$200,000 USD

Job Summary

JOB TYPE

Full Time

SALARY

$49k-68k (estimate)

POST DATE

05/02/2024

EXPIRATION DATE

05/15/2024

WEBSITE

tomo123.com

HEADQUARTERS

Indianapolis, IN

SIZE

<25

INDUSTRY

Restaurants & Catering Services

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The following is the career advancement route for Mortgage Loan Officer positions, which can be used as a reference in future career path planning. As a Mortgage Loan Officer, it can be promoted into senior positions as a Mortgage Loan Officer II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Officer. You can explore the career advancement for a Mortgage Loan Officer below and select your interested title to get hiring information.

If you are interested in becoming a Mortgage Loan Officer, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Mortgage Loan Officer for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Mortgage Loan Officer job description and responsibilities

A person seeking to become a mortgage broker must be at least 18 years old.

12/26/2021: Grand Forks, ND

All state-licensed loan originators must pass a national exam - required under the SAFE Act.

12/25/2021: Vallejo, CA

For the most part though, mortgage loan officers spend their days helping people navigate an exciting time.

02/04/2022: Modesto, CA

Having the skills to be detail-oriented and thorough go a long way when becoming a mortgage loan officer.

01/07/2022: Roanoke, VA

Loan Officer Assistants play an essential role on a Loan Officer’s team.

11/30/2021: Albany, NY

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Mortgage Loan Officer jobs

COMPLETE FINGERPRINTS/BACKGROUND CHECK AND PAY ALL FEES.

12/28/2021: Allentown, PA

Connect with real estate agents.

02/06/2022: Santa Rosa, CA

PASS THE NATIONAL SAFE EXAM VIA NMLS WITH 75% OR HIGHER.

11/30/2021: Jackson, MS

START GENERATING LOANS WITH TEAM MORTGAGE CALCULATOR CO.

01/30/2022: Colorado Springs, CO

Step 3: View the best colleges and universities for Mortgage Loan Officer.

Florida Southern College
Colby College
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University of Notre Dame
Western Washington University
Canisius College