Tomo Mortgage

Tomo Mortgage positions itself as a modern, AI-driven mortgage company aiming to simplify and reduce the cost of home buying. Founded by former Zillow executive Greg Schwartz and backed by significant investors, Tomo seeks to eliminate the traditional hassles of the mortgage process, distinguishing itself from larger lenders by offering lower rates and transparent, 'no gotcha' fees.

The company leverages artificial intelligence and automation to streamline various aspects of the home loan journey, from pre-approval to closing. This technological approach allows Tomo to offer efficiencies like 98% on-time closings and innovative features such as Appraisal Coverage, which guarantees loan terms even if an appraisal comes in low. Their platform facilitates easy application adjustments and secure bank account syncing.

Tomo Mortgage focuses on a customer-centric model, where their mortgage advisors are compensated based on service quality rather than loan value, aiming to ensure borrowers receive the best value. Their commitment to transparency is evident in their direct display of rates and a price match guarantee, reinforcing their mission to make homeownership a joyous, hassle-free experience.