Tomo Mortgage secures $20M in Series B funding round

Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday. Continue reading

Greg Schwartz’s Tomo launches AI-powered home search platform

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

Tomo enters 5 new states, launches real-time preapproval process

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

Tomo’s new Lock and Shop: lock a rate now without a property address

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

Why Greg Schwartz left ‘the portal war’ for the mortgage industry

Tomo co-founder and CEO Greg Schwartz shares what’s wrong with the mortgage industry and how tech can revolutionize the consumer experience and empower agents to help buyers navigate a rapid-fire market. Continue reading