Full-Time
Posted on 3/19/2025
Customer-focused mortgage provider with flexible options
$67k - $85k/yr
Entry
New York, NY, USA
Hybrid role requiring in-office presence Monday-Wednesday and work from home Thursday and Friday.
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
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Stock Options
Professional Development Budget
Remote Work Options
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
Digital mortgage startup Tomo lands $20M, adds Progressive as new investor.
Tomo, a startup mortgage company led by a pair of former Zillow executives, has launched a real estate marketplace that offers natural-language search.
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.
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.