Full-Time

Business Development Representative

Posted on 3/19/2025

Tomo Mortgage

Tomo Mortgage

51-200 employees

Customer-focused mortgage provider with flexible options

Compensation Overview

$67k - $85k/yr

+ Incentives + Bonuses + Uncapped Commission

Entry

New York, NY, USA

Hybrid role requiring in-office presence Monday-Wednesday and work from home Thursday and Friday.

Category
Business Development
Business & Strategy
Requirements
  • Grit and motivation—thrive in performance driven environments
  • Exceptional communication skills—persuasive in calls, emails and texts
  • Strong rapport-building ability—quickly build trust through an authentic voice and high energy
  • Multi-tasking and follow-through—see things through to a successful outcome and love being in 'the flow'
  • A positive, coachable mindset—welcome feedback and are curious.
Responsibilities
  • Engaging homebuyers who are curious about Tomo and need guidance on their mortgage journey
  • Rapidly connect with customers via phone, text, and email to build rapport and trust
  • Manage and nurture a pipeline of prospective homebuyers
  • Collaborate with Loan Officers to ensure smooth customer handoffs and successful outcomes
  • Utilize CRM tools to track customer interactions and deliver on commitments
  • Provide feedback to our product and executive teams, contributing to innovation and improvement
  • Embrace a fast-paced, evolving environment where adaptability and curiosity are key.
Desired Qualifications
  • Prior sales experience (even a high school newspaper route counts!)
  • Fearlessness and an entrepreneurial spirit
  • Bachelor’s degree
  • No prior real estate or mortgage experience required

Tomo Mortgage provides a streamlined mortgage process aimed at homebuyers, especially first-time buyers. Their unique "Lock & Shop" feature allows customers to secure their mortgage rate for 90 or 120 days while they search for a home, protecting them from rising interest rates and allowing for adjustments if rates decrease. Tomo guarantees on-time closing, which is crucial for buyers. Unlike many lenders, Tomo does not charge lender fees and promises to match better offers from competitors, making their pricing competitive. The company emphasizes customer service with a team of expert mortgage advisors who assist clients throughout the process. Their digital platform offers flexibility, allowing customers to modify their applications at any time. Tomo's goal is to create a transparent and efficient mortgage experience that prioritizes the needs of the customer.

Company Size

51-200

Company Stage

Series B

Total Funding

$170M

Headquarters

Stamford, Connecticut

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • AI adoption in mortgage underwriting streamlines approval and enhances satisfaction.
  • Digital-only financial services push traditional lenders to innovate, benefiting Tomo.
  • Remote work trend increases demand for mortgages in suburban and rural areas.

What critics are saying

  • TrueRate launch may trigger competitive responses from established lenders.
  • Progressive's investment could lead to strategic shifts affecting customer satisfaction.
  • Expansion into new states exposes Tomo to regional market risks and regulatory challenges.

What makes Tomo Mortgage unique

  • Tomo offers a unique 'Lock & Shop' feature for rate security.
  • TrueRate tool provides transparency in mortgage rates, combating deceptive practices.
  • No lender fees and competitive pricing enhance Tomo's customer-centric approach.

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Benefits

Stock Options

Professional Development Budget

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -4%

2 year growth

↓ -1%
Yahoo Finance
May 1st, 2025
Tomo Mortgage Launches Truerate - A Free Ai-Based Tool To Help Homebuyers Avoid Being 'Ripped Off' By Mortgage Lenders

Tomo Mortgage aims to hold the mortgage industry accountable for inflated rates, hidden fees and misleading pricing that will cost U.S. homebuyers $11 billion in 2025 NEW YORK, May 1, 2025 /PRNewswire/ -- Tomo Mortgage, the fast-growing AI-powered digital mortgage lender, today announced the launch of TrueRate, a free tool that gives U.S. homebuyers a full and honest view into what hundreds of lenders are actually charging people just like them. Deceptive marketing practices and misleading prices are expected to cost American homebuyers $11 billion in 2025 — and TrueRate aims to put a stop to it. It uses data from hundreds of thousands of real home loans from over 1,000 lenders to answer a question that every homebuyer struggles with, but until now has been impossible to answer: What's a good rate for me, right now, and where can I get it? Tomo Mortgage Launches TrueRate – A Free AI-based Tool to Help Homebuyers Avoid Being 'Ripped Off' by Mortgage Lenders "Everyone knows how challenging the current homebuying market is, but what many don't know is that many lenders are making it worse with bait-and-switch sales tactics and misleading fees," says Greg Schwartz, CEO and Co-Founder of Tomo. "The mortgage industry thrives on this type of 'confusion capitalism,' where homebuyers have no way to know what's fair and what's a ripoff, and end up having to take a lender's word for it

GeekWire
Mar 11th, 2025
Digital mortgage startup Tomo lands $20M, adds Progressive as new investor

Digital mortgage startup Tomo lands $20M, adds Progressive as new investor.

AIM Group
Feb 20th, 2024
Former Zillow execs launch free-text homes search

Tomo, a startup mortgage company led by a pair of former Zillow executives, has launched a real estate marketplace that offers natural-language search.

Inman
Aug 24th, 2022
Tomo launched “ Lock and Shop ” service on Jun 1st 22'.

In June, Tomo introduced a “ Lock and Shop ” service that allows homebuyers to lock in a mortgage rate for up to 120 days, before they even know the address of the property they want to buy.

Inman
May 17th, 2022
Tomo expanded offices to Florida, United States on Jan 1st 22'.

In January, Tomo announced its expansion into Florida, Connecticut and Colorado, and the addition of jumbo mortgages of up to $3 million to its product lineup.

INACTIVE