[Remote] Processor at Hometap

Remote

Hometap Logo
Not SpecifiedCompensation
Entry Level & New Grad, Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Real EstateIndustries

Requirements

Candidates should have 1-3 years of experience in a relevant role such as loan processing, finance operations, compliance, servicing, paralegal work, or application review. Experience in roles measured by accuracy, completeness, and efficiency is required, along with comfort collaborating cross-functionally and escalating issues. Strong written and communication skills, excellent problem-solving abilities, and the capacity to develop cross-functional relationships are essential. Proficiency in computer and CRM skills, preferably with Salesforce experience, is preferred, and an Associate's or Bachelor's Degree is also preferred.

Responsibilities

The Application Specialist will manage a pipeline of homeowner applications, collect supplemental information from homeowners, and order necessary components from third-party vendors. They will verify all documentation for completeness according to guidelines, perform an initial review of the complete package to determine eligibility for underwriting, and communicate with the Sales team. Additionally, they will coordinate with the Signing and Funding team to orchestrate the closing and funding of investments.

Skills

Application processing
Data verification
Cross-functional coordination
Attention to detail
Organization
Communication

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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