Hometap provides homeowners with a way to access their home equity without selling their property or incurring additional debt. The company offers a lump sum of cash in exchange for a share of the future value of the home, allowing homeowners to unlock up to $600,000 of their equity without monthly payments or interest. Hometap earns revenue by sharing in the appreciation of the home's value when it is sold or when the homeowner repurchases Hometap's share. This approach sets Hometap apart from traditional home equity loans, as it offers a flexible and debt-free solution. The company's goal is to simplify the financial process for homeowners, helping them achieve their financial objectives, such as paying off debt or funding education, while maintaining a high level of customer service.

G20 Ventures

General Catalyst

ICONIQ Growth

General Catalyst Partners

Pillar Ventures

ICONIQ Capital

American Family Ventures

Pillar VC

Bain Capital

Morningstar

Delaware Life

Fintech

Financial Services

Hometap

Hometap appoints finance veteran Tom Egan as Chief Financial Officer, accelerating next phase of company growth.

Hometap Appoints Finance Veteran Tom Egan as Chief Financial Officer, Accelerating Next Phase of Company Growth

Hometap, the Boston-based financial technology company pioneering debt-free home equity financing for American homeowners, announced the closing of HT

Hometap Announces Closing of $278 Million Securitization of Hometap-originated Home Equity Investments

Hometap, the Boston-based financial technology company pioneering debt-free home equity financing for American homeowners, announced the closing of it

Hometap Achieves Milestone in $217 Million Securitization Debut

In May 2023, Hometap launched an online portal called the Home Equity Dashboard.

Hometap reaches $1B in home equity investments

Hometap lands in top 2 percent of Inc. 5000, ranked No. 66 among fastest-growing private companies in 2023.

Hometap Lands in Top 2 Percent of Inc. 5000, Ranked No. 66 Among Fastest-Growing Private Companies in 2023

Hometap, the Boston-based financial technology company providing innovative, debt-free access to home equity for American homeowners, is pleased to announce its latest national office opening today in New York City. The company’s third location accompanies Hometap’s headquarters in Boston’s Back Bay and a large satellite in Charlotte, North Carolina, and will be located in an innovative space at Industrious Bryant Park in Midtown Manhattan.The new office will serve Hometap staff in the tri-state region across corporate functions, including the growing group of team members building Hometap’s capital markets engagement, strategic and structured finance arms.While drawing professionals from around the country and built from a strong distributed workforce model, Hometap continues to invest in key hubs and capabilities to deliver for the range of stakeholders on its platform – mission-critical homeowners who use its products, the investment community and housing industry partners, among others. With Hometap poised to expand its asset capital and work with a wide range of New York-based institutions into the future, the city was a natural choice for new geography. In addition, New York State is one of 17 where Hometap provides its home equity investment (HEI) alternative financing.“While about half of our team is based in Boston and surrounding New England, we continue to attract incredible talent and build centers of excellence organically throughout the United States, as far as the West Coast,” said Sarah Dekin, President and Chief Operating Officer at Hometap. “Our strategic priorities as a business create the opportunity to build and scale in America’s largest city, and we are pleased to gain a foothold in the heart of New York, where we can engage investment participants, drive new visibility for our mission and products, and enhance our colleague experience with a unique space for our team. Always building to our aspiration as a national company, this is an exciting time for Hometap – with the expectation for more locations to be established as we further grow.”The launch comes as Hometap continues to diversify its offering and capabilities, having recently unveiled a new fintech-enabled knowledge tool for homeowners, the Home Equity Dashboard, along with the buildout of its structured finance function this summer

Hometap Launches New York Location In National Growth Push

Home Equity Investment Pioneer Introduces New Head of Structured Finance & General CounselBOSTON, June 30, 2023 /PRNewswire/ -- Hometap, a Boston-based financial technology company that has provided nearly 8,000 homeowners across the U.S. with an innovative, debt-free way to access their home equity, today announced two senior appointments to its executive leadership team, welcoming Cara Newman as Head of Structured Finance and Josh Gaffney as General Counsel. Both new members will report to Hometap Co-Founder and Chief Executive Officer, Jeffrey Glass.These strategic appointments underscore Hometap's commitment to industry-leading talent and a culture of outperformance, as the company expands its suite of financial products and services for homeowners while continuing to build a new asset class for investors. Leveraging their collective expertise, the new executives join Hometap's leadership with a mandate to drive innovation, cultivate new partnerships, and ensure the company's continued success."I'm thrilled to welcome Josh Gaffney and Cara Newman to our team, each bringing to us extensive talents and experience in the legal, financial, and capital market fields that will be invaluable as we expand our efforts in structured finance and investor engagement," said Hometap Cofounder and CEO Jeffrey Glass. "Drawing upon their guidance, I am confident that we will deliver even more value to our partners, investors and stakeholders while always driving positive impact for homeowners and their families across the country."Cara Newman, Head of Structured FinanceNewman joins Hometap as Head of Structured Finance, a newly-created role, after nearly six years at Redwood Trust, Inc., a specialty finance company focused on residential mortgage credit, where she served as Managing Director and Head of Structured Finance. In her role at Hometap, Newman will develop and execute Hometap's asset capital strategy, finding the best market fit for Hometap's home equity investments (HEI) and leading a team focused on the optimization, structure, pricing, and go-to-market approach across various potential investor segments.Additionally, Newman will expand Hometap's industry outreach efforts, both in her role as Vice Chair of the Structured Finance Association's Women in Securitization, and through key structured finance market initiatives relating to sustainable investment frameworks, technology and the development of HEI as an asset class

Hometap Appoints Newman, Gaffney To Senior Roles With Eye Towards Capital Markets

Hometap has launched a digital platform designed to help homeowners make more informed financial decisions about their home.The new Home Equity Dashboard allows homeowners to view their equity and access tools and resources that will help them reach their financial goals, Hometap said in a Wednesday (May 10) press release.“Amidst higher inflation rates and rising inflation, home equity remains at near-record levels, but many homeowners still struggle to understand how much home equity they have or how they can use it,” Hometap Vice President of Product Adam Sigel said in the release. “With the launch of the Dashboard, we are providing Americans with a one-stop shop for managing their home equity, both now and down the road, to give them more control of their financial futures.”Hometap’s Home Equity Dashboard provides data visualization of home value, mortgage and home equity today; estimates for up to 10 years; and forecasts based on multiple home appreciation scenarios, according to the press release.The Dashboard also supplies maintenance checklists that homeowners can use to better protect the value of their home; a home renovation calculator that forecasts the return on investment of home repairs and upgrades; and home services offers and discounts from Hometap’s partner network, the release said.“Not only do we focus on aligning ourselves with companies that save homeowners time and money and provide them with an exceptional experience, but we also ensure that they help protect and optimize their largest asset,” Hometap Vice President of Product Strategy and Business Development Jonathan MacKinnon said in the release.Converting home equity into cash can be a financial lifeline for individuals and families that are suddenly facing macro headwinds that might not let up for the next few years, EasyKnock CEO Jarred Kessler told PYMNTS’ Karen Webster in an interview posted in March 2022.“The place where most people are going to get their money, if they’re allowed to get it, is their home,” Kessler said at the time.With consumers getting ready to battle inflation for the long haul, many are scrambling to get home equity loans, but they’re not really using the loans, Valley Bank EVP and President of Consumer Banking Kevin Chittenden told PYMNTS’ Karen Webster in an interview posted in February.Instead, those loans are a safety net kept in reserve, Chittenden said

Hometap Launches Home Equity Dashboard To Power Homeowners’ Financial Decisions

Hometap today announced it has been named a winner in the 2022 Excellence in Customer Service Award presented by Business Intelligence Group.

Hometap Wins 2023 Excellence in Customer Service Award | Hometap

Hometap has been named one of the Top Places to Work in Massachusetts for the second year in a row in the 15th annual employee-based survey project from The Boston Globe.

Hometap

Provides cash for home equity access

Hometap

Provides cash for home equity access

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