Tomo is a digital mortgage and home-buying platform designed to simplify the process of purchasing a home. The company offers competitive mortgage rates, often about 0.5% lower than industry averages, and eliminates unnecessary fees to provide transparent pricing. Tomo emphasizes a seamless user experience by allowing clients to adjust their applications anytime and securely sync their bank accounts. With a 98% on-time closing rate, significantly higher than the industry average of 40%, Tomo has garnered positive reviews for its responsiveness and efficiency. The platform also features tools like rate calculators and affordability assessments to help users make informed decisions. By prioritizing customer satisfaction and leveraging technology, Tomo aims to make home buying easier, more honest, and less expensive.
Yes. Tomo Mortgage is a private venture-backed company. Investors usually purchase preferred stock and employees typically receive common stock options or restricted stock units (RSUs) as part of their compensation.
Since it is not publicly listed, there is no Tomo Mortgage stock symbol or Tomo Mortgage ticker symbol assigned for Tomo Mortgage.
Private companies typically reserve a stock symbol up to two years prior to an IPO, and disclose this when they file a Form S-1 with the Securities and Exchange Commission when they start the IPO process.
If you own shares of a private company, it may be possible to find liquidity for your holdings before the company goes public. Finding the right private market broker can make all the difference as the best brokers can leverage deep industry relationships and negotiate on your behalf.
If you are interested in selling private stock, sign up and post an indication to get connected with Notice's Premier Brokers.
Private market transactions can be complex and may involve company approvals, legal purchase agreements and wires to third parties. Trades can take 30 - 60 days to complete which is why many investors work with Notice's experienced private market brokers to help guide the process.
Direct share transfers typically require issuer approvals. Issuers may exercise the right of first refusal (ROFR) in order to direct the seller to a buyer of their choosing.
Some issuers do not allow transactions. In these cases, buyers will need to purchase indirect interests in the business via special purpose vehicles (SPVs) or forward purchase contracts (forwards).
Tomo Mortgage stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Tomo Mortgage stock might be available for purchase in the secondary markets, but Tomo Mortgage stock is not available for purchase by the general public, and can not be purchased through traditional brokerage accounts.
Only accredited investors and qualified purchasers can buy private stock. These investors buy pre-IPO stock in the secondary market from existing employees and investors.
Accredited investors can purchase shares in private companies like Tomo Mortgage. Investors can rely on Notice Premier Brokers to find supply and guide them through the trading process.
Because Tomo Mortgage is privately held, its stock is not available for purchase through public stock exchanges like the NYSE or Nasdaq. Retail investors can not access this stock via traditional brokerage accounts, and are not allowed to invest directly in Tomo Mortgage pre-IPO.