Working in the finance industry since high school, when he was an assistant to a loan officer, OnTo Mortgage CEO Rick Scherer has clearly found his calling. “In my senior year at Bentley College, when I was not sitting in class, I was in the office learning the mortgage business,” he says. “I fell in love with the industry and have never looked back!”
Since these auspicious beginnings more than 20 years ago, Scherer has enjoyed a career of success and gratification, leading him to where he is now as the team leader of seven incredible employees on his personal production team and a company of just over 50. It’s this group of top-notch professionals that Scherer credits with his company’s remarkable success in recent years. “We started the company with only seven people, and in just two years later, we are over 50,” he remarks. “Our people have been our biggest accomplishment.”
Banker & Tradesman has named OnTo Mortgage to its Best of Boston list two years in a row for mortgage lending, and the firm was named a great place to work in 2021. Scherer himself has been nominated 14 years in a row as a Top 1% Originator in the U.S. by Scotsman’s guide. OnTo Mortgage also won MyFM’s Quest for the Best award in 2021.
When he isn’t leading the OnTo Mortgage team, Scherer enjoys family time and giving back to the community. He is involved in multiple “Giving Groups” that pool money together quarterly for large donations and has helped in creating OnTo Gives Back. His family enjoys boating in the summer and skiing at Loon Mountain every winter.