This week, mortgage startup Tomo announced the launch of Tomo Real Estate, a new house search website that puts the company squarely in the “portal wars.”
“We’re not just another listing portal,” Carey Armstrong, Tomo co-founder and COO, said in a statement. “Tomo Real Estate is here to give home buyers a distinctive advantage with real, actionable insights — not overwhelming them with a buffet of information and ads to decipher alone. Think of Tomo Real Estate as your strategic partner, paving the way for home-buying success.”
Users can express their desired property characteristics via an OpenAI-powered application on the web, and the platform will create customized listings based on their choices. In addition, Tomo Real Estate is indexing photographs using machine vision to highlight aspects like natural light, gated backyards, and views of the water.
Additionally, Tomo Real Estate gives potential purchasers access to unique information, such as the identities of property owners and the relevant details about their home equity. The portal is currently accessible in major markets that account for 50% of US real estate listings.
The current buy mortgage operation of Tomo Mortgage and the new platform work together flawlessly.
The mortgage firm, which was founded in 2020 by Greg Schwartz and Carey Armstrong, two former Zillow executives, has collected $110 million in funding thus far.