Hometap

Associate, Financial Products

Boston, Massachusetts, United States

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

Position Overview

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

Hometap is a company focused on making homeownership less stressful and more accessible through home equity investment products. Recognized by publications like The Boston Globe and Forbes for innovation, Hometap offers competitive compensation, healthcare, unlimited PTO, a generous share package, and a strong culture. This role involves research, development, and launch of new financial products.

Requirements

  • Innovative
  • Analytical
  • Motivated self-starter

Responsibilities

  • Product Opportunity Analysis: Conduct portfolio performance modeling, business case modeling, and scenario analysis.
  • Subject Matter Expertise: Become a subject matter expert on Hometap's financial products.
  • Product Design: Contribute to the design of new financial products and improvements to existing ones.
  • Research & Development: Conduct research and development to test hypotheses around new products and product changes.
  • Pricing & Structuring: Contribute to pricing, structuring, and feature decisions.
  • Market Trend Analysis: Develop and maintain processes to track, document, and synthesize information on market trends.
  • Roadmap Influence: Influence financial product roadmap development.
  • Launch Support: Support the development of functional launch plans for products.

Application Instructions

  • [Not Specified - Contact information not provided in the job description]

Company Information

  • Company: Hometap
  • Mission: To make homeownership less stressful and more accessible.
  • Recognition: Recognized as a great place to work by The Boston Globe and Forbes; honored for innovation in the fintech space by Inc., HousingWire, and more.

Skills

Research
Financial modeling
Product design
Market analysis
Scenario analysis
Pricing
Structuring
Data analysis
Strategic planning

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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