Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
FintechIndustries

Job Title: Processor

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

Position Overview

Hometap is seeking a highly organized and detail-oriented Processor to join our investment team. As a Processor, you will play a crucial role in fulfilling Hometap's mission to make homeownership less stressful and more accessible. You will be responsible for reviewing homeowner applications, collecting and verifying application data with third-party service providers, and coordinating cross-functionally to orchestrate the closing and funding of investments. We are looking for individuals who are execution-oriented with exceptional attention to detail, capable of staying organized in a fast-paced, constantly changing environment. If you enjoy following and iterating on repeatable processes and possess strong cross-functional communication skills, you'll be a great fit.

About Hometap

Hometap is a collaborative and passionate company dedicated to creating solutions that help people get more out of homeownership and life. Our flagship product, a home equity investment, empowers homeowners to access their built-up equity for significant life events without taking on debt. We foster a work environment that is both productive and enjoyable, recognized by The Boston Globe and Forbes as a great place to work. We've also received accolades from Inc. and HousingWire for our innovation in the fintech space.

At Hometap, we offer competitive compensation, comprehensive healthcare coverage, unlimited Paid Time Off (PTO), a generous share package, and a strong culture that emphasizes team-building and camaraderie. Our mission is to make homeownership less stressful and more accessible through financial innovation and exceptional customer service.

Responsibilities

  • Own a pipeline of homeowner applications for processing.
  • Obtain necessary supplemental information from Homeowners via our task/to-do service.
  • Place orders with third-party vendors for all necessary components for underwriting assessment.
  • Verify all documentation for thoroughness per our guidelines.
  • Compile and complete an initial review of the full package to determine eligibility to move forward to underwriting.
  • Communicate with our Sales team, who serve as the Homeowners' single point of contact.
  • Coordinate cross-functionally with our Signing and Funding team to orchestrate the closing and funding of investments.

Requirements

  • 1-3 years of experience in an applicable role (e.g., loan processing, finance operations, compliance, servicing, paralegal work, and/or application review).
  • Proven experience in roles where success is measured by accuracy, completeness, and efficiency.
  • Comfort collaborating cross-functionally and escalating issues as needed.
  • Strong written and verbal communication skills.
  • Excellent problem-solving abilities.
  • Ability to develop and foster cross-functional relationships with key stakeholders.
  • Strong computer and CRM skills, with a preference for Salesforce experience.
  • Associate’s or Bachelor’s Degree preferred.

Company Culture & Values

Hometap believes that our differences bring us together. We are committed to creating a diverse workplace that welcomes and values each team member’s unique perspective and background.

Application Instructions

[Not Specified]

Skills

Attention to detail
Organizational skills
Cross-functional communication
Process iteration
Execution orientation

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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