Full-Time

Director of Legal

Capital

Confirmed live in the last 24 hours

Hometap

Hometap

201-500 employees

Provides cash for home equity access

Fintech
Financial Services

Senior

Remote in USA

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • 5+ years experience leading and supporting capital finance and other financing transactions
  • Comfort with managing corporate governance issues
  • A practical, business savvy approach to supporting transactions
  • Strong commitment to best-in-class customer service and extreme attention to detail
  • A love for optimization and experimentation in order to achieve better results
  • A hands-on, curious attitude, along with a passion for exploring emerging industries
  • The ability to work under pressure and prioritize multiple projects simultaneously from start to finish
Responsibilities
  • Support Hometap’s capital finance transactions, including providing guidance on deal structure, negotiating and managing transaction documents, and developing a precedent library
  • Serve as the primary counsel on forward flow and other Capital transactions
  • Collaborate with VP of Legal, Capital and others to build out Hometap’s corporate governance and entity management process
  • Build and manage relationships with outside counsel to drive long term transaction efficiency
  • Spearhead documenting deal processes, identify areas for improvement, and take action to optimize our transaction flow as we continue to grow
  • Provide legal support on other transactional matters as needed

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.

Company Stage

N/A

Total Funding

$405.6M

Headquarters

Boston, Massachusetts

Founded

2017

Growth & Insights
Headcount

6 month growth

9%

1 year growth

19%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Hometap's rapid growth, as evidenced by its ranking in the top 2 percent of the Inc. 5000, indicates strong market acceptance and potential for career advancement.
  • The company's recent $217 million securitization debut and $1 billion in home equity investments highlight its financial stability and growth potential.
  • Expansion into new markets, such as the recent opening of a New York office, provides opportunities for geographic and professional growth.

What critics are saying

  • The innovative nature of Hometap's financial product may face regulatory scrutiny, which could impact its operations and growth.
  • Economic downturns or declines in the housing market could negatively affect the company's business model, which relies on home value appreciation.

What makes Hometap unique

  • Hometap offers a unique financial solution by allowing homeowners to access their home equity without taking on additional debt or monthly payments, unlike traditional home equity loans or lines of credit.
  • The company's business model, which involves sharing in the future appreciation of the home's value, provides a flexible alternative to conventional financing methods.
  • Hometap's high customer satisfaction, evidenced by a 4.9/5 rating on Trustpilot, sets it apart in the financial services market.

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Benefits

401k plan with match

Commuter benefits

Healthcare coverage

Flexible work schedule

Paid parental leave

Unlimited PTO

Learning & development

Generous share package