Hometap

Application Specialist Manager

Remote

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Real Estate, Financial ServicesIndustries

About Hometap

Here at Hometap, we’re collaborative, passionate, and always ready to roll up our sleeves to create solutions that help people get more out of homeownership — and out of life. Our first product, a home equity investment, gives homeowners the opportunity to quickly access the equity they’ve built in their home to pay for what’s most important to them, from handling debt to finally making much-needed renovations, without taking on debt.

We work hard, and have some fun along the way, too. The Boston Globe and Forbes have recognized us as a great place to work, and we’ve been honored for our commitment to innovation in the fintech space by Inc., HousingWire, and more!

In case you need any more convincing, we also provide competitive compensation, healthcare coverage, unlimited PTO, a generous share package, and a strong culture with plenty of opportunities for team-building and camaraderie.

Interested in joining us on our mission to make homeownership less stressful and more accessible? We’d love to talk.

Who You Are

As an Application Specialist Manager at Hometap, you’ll lead a team of Application Specialists that review and process homeowner investment applications. Your team will be responsible for collecting and verifying application data with third party service providers, and coordinating cross functionally to review and originate home equity investments. You’ll oversee team production goals, balancing efficiency and accuracy to achieve targets.

To be successful in this role, you’ll need to be execution-oriented with exceptional attention to detail. You’re highly organized, and able to keep calm in an ever-changing and fast-paced environment. You’re process-oriented, with an eye toward maintaining and improving processes for your team over time. This role is a great fit for someone who is comfortable handling escalations, and brings strong and empathic communications skills to their conversations with team members, cross-functional colleagues, third-party vendors, and homeowners.

What You'll Do

  • Manage a high-performing team of Application Specialists, ensuring excellence in processing procedures and adherence to guidelines, with a focus on shortening cycle time and improving the overall quality of work
  • Build and maintain positive cross-functional relationships with Underwriting, Signing & Funding, Sales, Compliance, Strategy and other internal teams
  • Train, coach, and mentor your team to ensure high performance, including efficient pipeline management and cross-departmental communication.
  • Hold team to performance metrics and standards for cycle time, accuracy, and internal customer service
  • Partner with enablement and software teams by highlighting opportunities and collaborating on solutions to implement and iterate on as needed
  • Collaborate with the Sales and Investment Operations teams to quickly identify, analyze, and solve for edge cases and escalations to ensure an exceptional homeowner experience
  • Maintain and continuously improve processes and procedures to maintain accuracy and completeness of required documentation
  • Prepare and present regular reporting to the Investment Operations management team
  • Work closely with our title partners and other vendors on escalations and required resolutions

What You Bring

  • Experience as a mortgage loan processor (or similar), with a minimum of one year as a people manager
  • Ability to motivate and develop a team, communicate expectations, and hold challenging conversations when needed
  • Extraordinary attention-to-detail
  • Strong problem solving skills with ability to think critically and make recommendations; comfortable following established guidelines, while also inclined to iterate and improve upon existing processes
  • Inquisitive nature, with a drive to dive into pipelines and files to understand root causes of problems with individual performance or complex, stalled files as needed
  • Experience in role

Skills

Application Processing
Team Leadership
Process Improvement
Escalation Management
Communication Skills
Attention to Detail
Organization
Data Verification

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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