Mortgage Loan Officer (Detroit, MI)

About the role

Tomo is a digital mortgage company dedicated to simplifying the home buying process. Founded with backing from top-tier investors, Tomo aims to reduce fees and improve affordability for homebuyers. The company has raised significant funding to fuel its mission and is committed to becoming one of the most valuable fintech startups.

Responsibilities

• Advise prospective homebuyers and guide them through the home financing process.
• Work collaboratively with other internal sales/operations teams to streamline loan manufacturing.
• Manage a pipeline of warm leads, converting them into closed business more effectively than competitors.
• Identify and implement solutions to meet customer unique needs, adopting a consultative approach.
• Ensure compliance with investor guidelines for all necessary documents submitted to Underwriting.
• Quote rates and guidelines accurately and fairly.
• Master POS, CRM, and LOS systems to enhance efficiency and accuracy in the loan process.

Requirements

• An NMLS MLO License.

Qualifications

• Residential mortgage lending experience of 2+ years and active licenses.
• Exceptional ability to transition buyers from initial contact to closing.
• Unflinching commitment to excellence and continuous improvement.
• Strong communication skills, both internally and externally.
• Ability to build and maintain relationships with various stakeholders.
• Expertise in Desktop Underwriter (DU) and Loan Prospector/Loan Product Advisor (LP/LPA).
• Effective multitasking and organizational skills.
• Proactive problem-solving and need anticipation.
• Drive to innovate and build new initiatives.
• Attention to detail with a strong focus on quality.

Preferred Qualifications

• Experience in a tech startup environment.

What’s in it for you?

• Career growth: Opportunities within Tomo, including leadership roles.
• Skill development: Industry-leading training and development program.
• Competitive compensation: On-target earnings of ~$100,000, with potential for uncapped commission up to $250,000 annually.
• Equity ownership: Stock options for all teammates.

Employee Benefits

• Equity Ownership: Stock options for all teammates.
• Comprehensive medical, dental, and vision plans for you and your dependents.
• Flexible work schedule and generous paid time off.
• Paid parental leave for new parents.
• 401(k) retirement plan.

Compensation Range

$100K - $250K