[Remote] Senior Product Manager at Hometap

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ProductsIndustries

Requirements

4+ years of product management experience with direct experience with a regulated consumer financial company, mortgage experience preferred
Familiarity with licensed lending operations, including the Truth-in-Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Home Mortgage Disclosure Act, and UDAAP
Bonus: Familiarity with state and federal lending examinations and supporting regulatory reporting requirements
Excellent written and verbal communication skills, with the ability to influence cross-functional teams and executive stakeholders
Customer-focused mindset with the ability to translate user needs into growth opportunities
Business acumen to prioritize and advocate for work that balances conversion, efficiency, and investment decision quality
Strong analytical skills and comfort working with data to make informed decisions; experience with tools like Heap, Tableau, or similar platforms a plus
Self-awareness and time management skills to balance multiple projects at once and know when to ask for help

Responsibilities

Act as the product owner for the homeowner- and staff-facing experience and workflows required to apply for and originate licensed financial products
Leverage qualitative and quantitative homeowner research to uncover pain points and areas of opportunity
Collaborate with Engineering and Design to conceptualize and deliver new features for applying homeowners
Collaborate with Legal and Compliance to translate legal and regulatory requirements into operational workflows
Iterate on our homeowner experience, with an eye towards customer satisfaction and compliance
Ensure compliance with Fair Lending laws, including ECOA and FHA, enable partnerships and data transfers using MISMO standards
Test and scale incrementally with data analysis, A/B testing, phased rollouts, and user research
Build and maintain dashboards to track KPIs, analyze user behavior, and surface actionable insights regularly
Communicate insights and recommendations to key stakeholders across the organization, including senior leadership

Skills

Key technologies and capabilities for this role

Product OwnershipQualitative ResearchQuantitative ResearchA/B TestingUser ResearchData AnalysisComplianceMISMO StandardsWorkflow DesignLegal Requirements

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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