Hometap

Application Specialist

Remote

Not SpecifiedCompensation
Entry Level & New GradExperience Level
Full TimeJob Type
UnknownVisa
FintechIndustries

Application Specialist

Employment Type: [Not Specified] Location Type: [Not Specified] Salary: [Not Specified]

Position Overview

Hometap is seeking an Application Specialist to join our investment team. This role is crucial in fulfilling Hometap's mission to make homeownership less stressful and more accessible. You will be responsible for managing the end-to-end processing of homeowner applications, from initial review and data verification to coordinating closings and funding.

About Hometap

Hometap is a collaborative and passionate company dedicated to creating solutions that help people get more out of homeownership and life. Our innovative home equity investment product allows homeowners to access their built-up equity without taking on debt, enabling them to fund important life events like debt management or home renovations.

We foster a positive work environment, recognized by The Boston Globe and Forbes as a great place to work, and celebrated for our fintech innovation by Inc. and HousingWire. Hometap offers competitive compensation, comprehensive healthcare coverage, unlimited PTO, a generous share package, and a strong culture focused on team-building and camaraderie.

Our Mission: To make homeownership less stressful and more accessible. Our Product: A home equity investment that provides debt-free cash in exchange for a share of a home's future value, with no monthly payments.

Responsibilities

  • Own and manage a pipeline of homeowner applications through the processing stages.
  • Obtain necessary supplemental information from homeowners using our task/to-do service.
  • Place orders with third-party vendors for all required underwriting assessment components.
  • Verify all documentation for thoroughness according to Hometap's guidelines.
  • Compile and complete an initial review of application packages to determine eligibility for underwriting.
  • Communicate effectively with the Sales team, who serve as the primary point of contact for homeowners.
  • Coordinate cross-functionally with the Signing and Funding teams to orchestrate the closing and funding of investments.

Requirements

  • 1-3 years of experience in a relevant role, such as loan processing, finance operations, compliance, servicing, paralegal work, or application review.
  • Proven experience in roles where accuracy, completeness, and efficiency are key performance indicators.
  • Comfortable collaborating cross-functionally and escalating issues when necessary.
  • Strong written and verbal communication skills.
  • Excellent problem-solving abilities.
  • Ability to develop and foster cross-functional relationships with key stakeholders.
  • Proficiency with computer systems and CRM software, with a preference for Salesforce experience.
  • Associate's or Bachelor's Degree preferred.

Company Culture & Values

Hometap believes that our differences bring us together. We are committed to creating a diverse workplace that welcomes and values each team member's unique perspective, background, and ideas. We work hard, have fun, and support each other in our mission.

Application Instructions

[Not Specified]

Skills

Application review
Data verification
Cross-functional communication
Process iteration
Organization
Attention to detail

Hometap

Provides cash for home equity access

About Hometap

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.

Boston, MassachusettsHeadquarters
2017Year Founded
$405.6MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

401k plan with match
Commuter benefits
Healthcare coverage
Flexible work schedule
Paid parental leave
Unlimited PTO
Learning & development
Generous share package

Risks

Rising interest rates may make traditional loans more appealing.
Increased competition from fintechs could erode market share.
Potential regulatory changes could impact Hometap's business model.

Differentiation

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

Upsides

Growing interest in alternative financing boosts Hometap's market potential.
Hometap's $278 million securitization shows strong investor interest.
Expansion into New York City taps into a large financial market.

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