Full-Time

Business Development Representative

Updated on 4/19/2025

Tomo Mortgage

Tomo Mortgage

51-200 employees

Customer-focused mortgage provider with flexible options

Compensation Overview

$67k - $85k/yr

+ Commission + Bonus

Entry, Junior

New York, NY, USA

Hybrid role: Mon-Wed on-site, Thurs/Fri WFH.

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
  • 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 main feature, "Lock & Shop," 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, they do not charge lender fees and promise to match better offers from competitors, making their pricing competitive. Their dedicated team of mortgage advisors supports customers throughout the process, and their digital platform offers flexibility for adjusting applications at any time. Tomo's goal is to create a transparent and efficient mortgage experience that prioritizes customer control and satisfaction.

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

  • Tomo raised $40M in Series A, boosting financial stability.
  • Expansion into Florida and new jumbo mortgages increase market reach.
  • AI-driven underwriting aligns with Tomo's focus on efficiency and service.

What critics are saying

  • Rising interest rates may deter potential homebuyers, affecting revenue.
  • Alternative financing options could reduce demand for Tomo's traditional mortgages.
  • Entry of large tech companies into mortgage space increases competition.

What makes Tomo Mortgage unique

  • Tomo offers a unique 'Lock & Shop' feature for rate security.
  • No lender fees and price matching enhance Tomo's competitive pricing strategy.
  • Tomo's digital platform allows flexible application adjustments anytime.

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Benefits

Stock Options

Professional Development Budget

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-7%

2 year growth

-4%
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.

VC News Daily
Mar 21st, 2022
Tomo Snares $40M in Series A

STAMFORD, CT, Tomo, a fintech startup, announced it raised $40 million in its Series A round.