Hometap

Associate, Financial Products

Boston, Massachusetts, United States

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

Requirements

Candidates should possess a Bachelor’s degree in a relevant field such as Finance, Economics, or Business, and demonstrate a strong analytical aptitude, coupled with a proactive and self-motivated approach to work. Prior experience in financial analysis or product development is preferred, along with the ability to quickly learn and apply new concepts.

Responsibilities

As an Associate, Financial Products, you will be responsible for conducting product opportunity analysis through portfolio performance modeling, business case development, and scenario analysis. You will serve as a subject matter expert on Hometap’s financial products, contributing to the design of new products and improvements to existing ones, conducting research and development to test hypotheses, and supporting pricing, structuring, and feature decisions. Furthermore, you will contribute to the development of market trend information and influence the financial product roadmap, while supporting functional launch plans.

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.

Key Metrics

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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