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Tomo Mortgage
Tomo Mortgage is a digital-only, nonbank mortgage lender founded in 2020 by former Zillow executives Greg Schwartz and Carey Armstrong. The company is headquartered in New York, NY, with additional offices in Seattle, WA, and Birmingham, MI. Tomo leverages AI and automation to simplify the home-buying process, offering purchase mortgages and refinances across various loan types, including conventional, FHA, VA, USDA, and jumbo loans. Tomo's mission is to reduce the cost of buying a home by providing lower interest rates, faster closings, and zero lender fees. Borrowers can save an average of $1,340 per year, with a price-match guarantee on APRs. The fully digital platform allows for a seamless application and closing process, utilizing digital asset verification through partnerships with Mastercard’s Finicity. Tomo primarily serves tech-savvy homebuyers across 40 states and Washington, D.C., focusing on those who value speed, transparency, and cost savings in their mortgage experience.
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$2M