Tomo Mortgage helps homebuyers, especially first-time buyers, by re-engineering the mortgage process to be more customer-controlled and transparent. It uses a digital platform and a team of mortgage advisors to guide customers through the process, offering a Lock & Shop feature that lets borrowers lock rates for 90 or 120 days while they shop and adjust downward if rates fall. On-time closing is guaranteed, and there are no lender fees. Tomo earns revenue from interest on mortgages and pledges to match any better deal found elsewhere. The company differentiates itself through its customer-centric approach, transparent pricing, rate-lock protection, rate-down adjustments, guaranteed closings, and a strong advisory team supported by technology, aiming to provide a seamless and efficient experience for homebuyers.
Company Size
201-500
Company Stage
Series B
Total Funding
$170M
Headquarters
New York City, New York
Founded
2020
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