Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20M in a Series B funding round, bringing its total investment to $130M, company executives announced Tuesday
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
Fintech focused on purchase mortgages planning to add more markets and more mortgage products later this year, now doing business in more than 1/3 of U.S. markets
After launching in Washington and Texas, Tomo has expanded into Florida, Connecticut and Colorado