Hometap

Application Specialist

Remote

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

Requirements

The Application Specialist should possess 1-3 years of experience in a relevant role, such as loan processing, finance operations, compliance, servicing, or paralegal work, with a preference for experience in application review. Candidates are expected to demonstrate experience where success is measured by accuracy, completeness, and efficiency, and possess strong written and communication skills. An Associate’s or Bachelor’s degree is preferred, along with familiarity with computer and CRM systems, particularly Salesforce.

Responsibilities

As an Application Specialist, the individual will own a pipeline of homeowner applications for processing, obtain necessary supplemental information from homeowners via a task/to-do service, place orders with third-party vendors for underwriting assessment components, verify all documentation for thoroughness, compile and complete an initial review of the full package to determine eligibility, communicate with the Sales team, and coordinate cross-functionally with the Signing and Funding team to orchestrate the closing and funding of investments.

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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