Underwriter

Remote

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Real Estate, Financial ServicesIndustries

Requirements

Candidates should have prior underwriting experience, extraordinary attention to detail in a fast-paced environment, and strong proofreading/fact-checking skills. Excellent judgment is required, along with the ability to work independently and in a team. Comfort handling multiple responsibilities proactively in a deadline-oriented environment, strong written and verbal communication skills, and a client-oriented approach are also necessary. A Bachelor's degree, ideally in business, finance, or a related field, is preferred, as well as an interest in real estate and fintech.

Responsibilities

The Underwriter will play a critical role in Hometap's home equity investment process, making recommendations on homes and homeowners. This involves analyzing and digesting a broad set of home and homeowner information to assess risk profiles and making investment eligibility recommendations per underwriting guidelines. Responsibilities include working closely with sales and processing teams to review homeowner applications, evaluating applicant information and risk against underwriting criteria, and reviewing/analyzing appraisal reports for accuracy and compliance. The role also involves flagging applications for potential concerns, determining eligibility amounts, and collaborating with a cross-functional team to complete application reviews.

Skills

underwriting

real estate

appraisal reports

risk assessment

financial analysis

attention to detail

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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