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Full-Time

Account Executive

Posted on 10/23/2024

Hometap

Hometap

201-500 employees

Provides cash for home equity access

Financial Services
Real Estate

Mid

Remote in USA

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Salesforce
Requirements
  • 3+ years of sales experience in a closing role – experience selling a financial product is a plus
  • The drive and commitment to achieve and exceed sales goals
  • Empathy – you put yourself in the homeowner’s shoes and take pride in providing a memorable experience
  • Excellent written and verbal communication skills, with a strong attention to detail
  • Technical aptitude to master our CRM; experience with Salesforce is a plus
  • Ability to thrive in a fast-paced environment, and to quickly adapt to changing priorities and processes
  • Interest in learning about Home Equity Investments, and an ability to educate homeowners about the product
  • Ability to balance individual sales goals with a collaborative, team-oriented approach
  • Strong ethical judgment
Responsibilities
  • Engage with homeowners interested in a home equity investment from Hometap, educating them on the product and connecting with empathy to understand their circumstances
  • Guide homeowners through the the Hometap investment process, serving as a single point-of-contact, providing updates on application status, underwriting, and closing activities
  • Collaborate with internal team members (processors, underwriters, etc.) to ensure an efficient process for Homeowners
  • Provide ongoing communication to homeowners via phone, email, and text, providing status updates, responding to questions, requesting documentation, etc.
  • Develop a deep understanding of Hometap’s home equity investment (HEI) product and unique sales approach
  • Utilize Salesforce to document and manage sales activities in the pipeline
  • Learn and utilize Hometap’s proprietary Hub to keep applications up the date, and communicate next steps to homeowners and Hometap’s internal team members
  • Meet and exceed monthly and quarterly sales goals
  • Stay up to date on the competitive landscape and how to best position Hometap in the market
  • Collaborate with sales team members and colleagues across the organization (e.g. originations, marketing, legal) to resolve questions and provide an excellent experience for homeowners

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 generates 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

Seed

Total Funding

$172M

Headquarters

Boston, Massachusetts

Founded

2017

Growth & Insights
Headcount

6 month growth

10%

1 year growth

18%

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