Former Zillow executives Greg Schwartz and Carey Armstrong have launched an artificial intelligence-powered home search portal under their company, Tomo. The portal is available to homebuyers in 21 states. Continue reading
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading
After laying off workers in May, Tomo is in expansion mode again with launches in Maryland, New Jersey, Oregon, Pennsylvania, Virginia and Washington D.C. Continue reading
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Continue reading
Eligible borrowers will be able to close on a winning bid with the same cash to close, monthly payment and interest rate — even if the appraisal comes in low. Continue reading
Tomo’s Lock and Shop service fee is $750, which homebuyers can recoup when they work with Tomo Brokerage partner agents. Homebuyers can choose either a 90- or 120-day rate lock. Continue reading
The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now. Continue reading
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others. Continue reading
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others. Continue reading