Full-Time

Senior Counsel

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

Debt Financing

Total Funding

$405.6M

Headquarters

Boston, Massachusetts

Founded

2017

Growth & Insights
Headcount

6 month growth

5%

1 year growth

20%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in alternative financing boosts Hometap's market potential.
  • Hometap's $278 million securitization indicates strong investor interest in home equity investments.
  • Expansion into New York City taps into a large market with significant home equity potential.

What critics are saying

  • Rising interest rates may make traditional loans more attractive than home equity investments.
  • Increased competition from fintech companies could erode Hometap's market share.
  • Potential regulatory changes in housing finance could impact Hometap's business model.

What makes Hometap unique

  • Hometap offers a debt-free way to access home equity, unlike traditional loans.
  • The company provides a lump sum in exchange for a share of future home value.
  • Hometap's Home Equity Dashboard aids homeowners in managing their financial decisions.

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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