Full-Time

Processor

Posted on 10/23/2024

Hometap

Hometap

201-500 employees

Provides cash for home equity access

Financial Services
Real Estate

Junior, Mid

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Salesforce
Requirements
  • 1-3 years experience in an applicable role (e.g. loan processing, finance ops, compliance, servicing, paralegal work and/or application review)
  • Experience in roles where success is measured by accuracy, completeness, and efficiency
  • Comfort collaborating cross-functionally and escalating issues as needed
  • Strong written and communication skills
  • Excellent problem solving skills
  • Ability to develop and foster cross-functional relationships with key stakeholders
  • Strong computer & CRM skills, with a preference for Salesforce experience
  • Associate’s or Bachelor’s Degree
Responsibilities
  • Own a pipeline of homeowner applications for processing
  • Obtain necessary supplemental information from Homeowners via our task/to-do service
  • Place orders with third-party vendors for all necessary components for underwriting assessment
  • Verify all documentation for thoroughness per our guidelines
  • Compile and complete an initial review of full package to determine eligibility to move forward to underwriting
  • Communicate with our Sales team throughout as they are our Homeowners single point of contact
  • Coordinate cross-functionally with our Signing and Funding team to orchestrate the closing and funding of investments

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 access 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 offers a flexible alternative to traditional home equity loans. Hometap distinguishes itself from competitors through its high customer service ratings and a commitment to a simple, fast, and transparent process. The goal of Hometap is to help homeowners achieve their financial objectives, such as paying off debt or funding education, while providing a stress-free way to manage their finances.

Company Stage

Debt Financing

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

  • Growing interest in alternative financing boosts demand for Hometap's services.
  • Hometap's $278 million securitization indicates strong investor interest in home equity investments.
  • Expansion into New York enhances market presence and access to financial hubs.

What critics are saying

  • Rising interest rates may make traditional loans more appealing than Hometap's model.
  • Economic downturns could affect home values, impacting Hometap's profitability.

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.

Help us improve and share your feedback! Did you find this helpful?

Benefits

401k plan with match

Commuter benefits

Healthcare coverage

Flexible work schedule

Paid parental leave

Unlimited PTO

Learning & development

Generous share package

INACTIVE