“Banks had neglected us, lenders avoided us, and others just wasted our time,” the firm states on its website. “This frustration led to action and compelled us to create a company with global consumers unique situations at its core.”
Milo launched in late 2018, led by former Morgan Stanley financial advisor, Josip Rupena.
Only 30% of international consumers are ultimately able to secure US home loans, according to Milo. If they do get approved, they often suffer from high interest rates or a cumbersome customer experience.
Since finalising funding in summer 2020, Milo has processed more than $100 million in loan requests, doubled its team and launched two offices in Miami and Colombia…
Last year, it became the first company to do a fully remote digital closing for an international consumer. Milo says its proprietary technology “bridges the gap to deliver a fully online way to qualify, underwrite, and close a loan from anywhere in the world with very attractive US interest rates”.