Hometap

General Counsel

Boston, Massachusetts, United States

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Real EstateIndustries

General Counsel

Position Overview

Hometap is seeking a General Counsel to join our dynamic leadership team. This executive role reports directly to the CEO and will play a defining role in our business as we expand. Our legal team is deeply integrated into our product and business strategy, serving as a critical support function across all aspects of the company. We are looking for a diverse, empathetic, and intelligent individual to help us achieve our mission of making homeownership more accessible and less stressful.

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 home equity without taking on debt, enabling them to pay for important life events like renovations or debt management. We are recognized as a great place to work by The Boston Globe and Forbes, and have received accolades for our innovation in the fintech space from Inc. and HousingWire. We offer competitive compensation, healthcare coverage, unlimited PTO, a generous share package, and a strong culture with opportunities for team-building.

Who You Are

To be successful in this role, you will need:

  • Legal and Business Expertise: A strong foundation in both legal matters and business strategy, with a passion for the developing fintech category.
  • High Character: A leader with integrity, who is a hands-on team player with the confidence to lead and guide others.
  • Problem-Solving Skills: Adept at assessing and providing organized legal guidance on short timelines, and assisting in the execution of business decisions. You thrive on practical problem-solving in a complex and dynamic environment.
  • External Communication Skills: Comfortable and effective as our chief legal spokesperson with investors, regulators, and other stakeholders.

Responsibilities

As General Counsel, you will:

  • Oversee all strategic and tactical legal initiatives for Hometap.
  • Provide effective advice on company strategies and their implementation as part of the executive team.
  • Manage the legal and compliance function.
  • Oversee the work of outside counsel.
  • Help build a legal strategy that incorporates business, legal, and ethical responsibilities.
  • Serve as the primary legal point of contact for investors, regulators, and other external stakeholders.

You will be directly responsible for three distinct legal categories:

Regulatory Matters

  • Develop legal positions and compliance strategies related to federal, state, and local consumer finance and protection laws.
  • Ensure business needs are met while adhering to legal obligations.
  • Evolve an efficient and compliant investment process.
  • Implement a long-term state-by-state rollout strategy.
  • Assess new product opportunities.
  • Develop an ongoing regulatory position and framework for the Company.
  • Act as the primary point person to drive strategy and manage external counsel in cases of investigations or litigation.
  • Play a leading role in government and industry relations, building and maintaining relationships with relevant industry trade associations.

Capital Markets

  • Hometap's g... (Content truncated)

Application Instructions

Interested candidates are encouraged to apply. We’d love to talk to you if you are passionate about our mission.

Skills

legal expertise
business expertise
fintech
leadership
integrity
team player

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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