Hometap’s Adam Sigel Named 2022 HW Tech Trendsetter

Dallas, TX — Today, HousingWire announced the winners of the 2022 HW Tech Trendsetters award. For the fourth year, HousingWire is recognizing the most impactful and innovative technology leaders serving the housing economy. This year, 75 honorees were selected.

HousingWire’s 2022 HW Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for housing industry clients. Similar to the HousingWire TECH100 award, which honors the most innovative companies in mortgage and real estate tech, HW Tech Trendsetters recognizes the people who
develop the technology and drive innovation for their mortgage and real estate clients.

“The HW Tech Trendsetters award gives us the opportunity to spotlight the names and faces behind the tech companies that are transforming the housing economy,” said HousingWire Editor and Chief Sarah Wheeler.

This article originally appeared on HousingWire. Read the full article here.

Top 50 Medium-Size Employers in Massachusetts for 2022

For our 15th annual Top Places to Work list, The Boston Globe partnered once again with Energage, the Exton, Pennsylvania-based employee research and consulting firm, to administer anonymous employee surveys about leadership, appreciation, benefits, and more. The winners are divided into four categories based on the number of employees: small (50-99); medium (100-249); large (250-999); and largest (1,000 or more). More than 94,000 employees at 381 companies completed surveys — a record high. Fifty-one of the companies that made the list are newcomers, including Liberty Mutual Group, UMass Chan Medical School, and the delightfully named Pickle Robot Co. Employee counts were as of the time of the survey.

This article originally appeared on The Boston Globe. Read the full article here.

The Boston Globe Names Hometap a Top Place to Work for 2022

Magazine honors the best employers in Massachusetts 

BOSTON, MASSACHUSETTS (DECEMBER 1, 2022) – Hometap has been named one of the Top Places to Work in Massachusetts for the second year in a row in the 15th annual employee-based survey project from The Boston Globe. The Top Places to Work 2022 issue publishes online at Globe.com/TopPlaces on the night of Wednesday, November 30 and in Globe Magazine on Sunday, December 4. 

Top Places to Work recognizes the most admired workplaces in the state voted on by the people who know them best—their employees. The survey measures employee opinions about their company’s direction, execution, connection, management, work, pay and benefits, and engagement. The employers are placed into one of four groups: small, with 50 to 99 employees; medium, with 100 to 249 workers; large, with 250 to 999; and largest, with 1,000 or more. 

Hometap was ranked #20 in the medium category. 

“It’s an incredible honor to be named a Top Place to Work for the second year in a row,” said Jeffrey Glass, CEO of Hometap. “We’ve grown so much as a company in 2022 in both size and scope. This recognition is a testament to our commitment to prioritizing a culture of collaboration and trust, even as we have accelerated at a very fast pace.” 

In 2022, Hometap continued its rapid growth and expansion, deploying hundreds of millions of dollars in capital to help homeowners, doubling its employee headcount, and launching in three new states, bringing its total state count to 18. 

“The pandemic has changed the way we work, and the employers who topped the list understand it goes far beyond the remote vs. in-office debate,” said Katie Johnston, the Globe’s Top Places to Work editor. “Workers want flexibility, of course, but they also want more support, more humanity, and a greater sense of purpose.” 

The rankings in Top Places to Work are based on confidential survey information collected by Energage (formerly WorkplaceDynamics), an independent company specializing in employee engagement and retention, from more than 90,000 individuals at 381 Massachusetts organizations, the most companies ever surveyed in the state. The winners share a few key traits, including offering more flexibility to continue working remotely, tracking progress on efforts to support a diverse workforce, and, above all, remembering to have some fun along the way. 

Top Places to Work online extras include sortable rankings and features showcasing companies that are going the extra mile to make their workplaces more supportive and responsive to their employees’ ever-changing needs. All can be found at Globe.com/TopPlaces. Readers can follow the news on Twitter at #workboston. 

Hometap is on a mission to make homeownership less stressful and more accessible. Our home equity investment product provides homeowners with a fast, simple, and straightforward way to access the equity in their home without taking out a loan or having to sell. By investing alongside homeowners, Hometap offers debt-free cash in exchange for a share of their home’s future value — all without any monthly payments or interest over the life of the investment. Through a combination of financial innovation and best-in-class customer service, Hometap enables people to get more from homeownership so they can get more from life. Learn more at hometap.com.

About Boston Globe Media Partners, LLC Boston Globe Media Partners, LLC (“BGMP”) is a multimedia organization that provides news, entertainment, and commentary across multiple brands and platforms. BGMP offers leading integrated advertising solutions that connect communities, ideas, and causes through powerful storytelling and multimedia experiences. BGMP properties include The Boston Globe, Globe Opinion, Globe.com, Boston.com, STAT, The B-Side, Globe Publishing Services, Globe Events, and Studio/B.

Companies that Give Back to Society

Certainly, when the first large companies began, there was little thought that any business might actively work to give back to society in general. But we’ve come to expect more from our corporate entities over the last 25 years, and many have responded by kicking off internal programs dedicated to just that – giving back. With Thanksgiving just around the corner, let’s give some thanks to these organizations for paying it back.

 Hometap

Please tell us why you are compelled to give back to society as a company?

We’ve always been dedicated to being good owners and good neighbors — and this commitment extends far beyond our home equity investment product and our interactions with both each other and our homeowners. That’s why it’s important for us to put time, energy, and resources toward making a difference. This includes improving our neighborhoods, building a more diverse, equitable, and inclusive culture; and helping homeowners, youth, and underserved groups increase their financial literacy.

What are some of the ways your company gives back?

We’ve partnered with Boston-area nonprofit organizations to make our communities better places to live for everyone in as many ways as we can, whether it’s through sharing our time or material items with those in need. We’ve provided essential household items for families with The Home for Little Wanderers, donated school supplies and clothing to homeless children with Cradles to Crayons, and created activity kits for children in transition to permanent housing with Heading Home — just to name a few. In addition, we’re committed to increasing financial literacy through providing economic mobility services like education and career path development with the ultimate goal of ending generational poverty. We’re determined to make a big difference in the world around us, one small step at a time.

This article originally appeared on Comparably. Read it here.

13 Questions with Hometap’s Information Technology Engineer

Work desk with three computer screens

Maxine, better known as “Max” here at Hometap, handles all things IT for the company — a role that comes with its fair share of challenges in a fully remote work environment.

headshot of maxine rock

CAREER HISTORY / BACKGROUND

Q1: You went to college for Japanese Studies and English. What led you to pursue a career in IT?

When I decided that staying in Japan wasn’t for me, I needed a new career path. I’ve been very fortunate to have friends in tech that allowed me to get my foot in the door at a startup. I knew that I liked helping people, and technology was something that came naturally enough to me that I figured I could make a career out of it.

Q2: You actually spent a semester studying abroad in Japan. What kind of impact did that make on you?

I think it’s really important to experience other places and people as much as you can. I’m from a very small town, and being able to travel alone and meet all kinds of new people really opened up my world view.

Q3: What’s the biggest learning from a past position that you find yourself applying at Hometap?

Everyone comes to the table with different experiences and expertise, and it’s important to remember! People can surprise you with what they know, and it’s important to always be learning whenever you can.

Q4: What’s the biggest challenge you face as an IT Engineer?

Remote working has really changed the way I work as an IT Engineer. Technology can be frustrating, and not being able to be hands on with the hardware can sometimes lead to issues taking longer to fix than they would if we were in person. The challenge has been finding innovative ways to resolve issues quickly remotely!

Q5: What’s the most rewarding part of the role?

I honestly love helping folks. When you’re trying to do your job and your tech isn’t working, it’s incredibly frustrating. I like being able to get folks back on their feet and knowing I’m helping keep the people who keep the company going, well…going!

Q6: What’s the best advice that you’ve received during your career?

It seems a bit silly, but the best advice I’ve gotten has always been that confidence and belief in yourself really do matter. I know that a lot of women in tech can relate to feelings of imposter syndrome, and I’ve been lucky to have a lot of female mentors show me just how much I can achieve if I don’t let myself get stuck in my own head!

AT HOMETAP

Q7: What led you to Hometap and appealed to you about your initial role here and the company?

An old coworker reached out to me that Hometap was hiring in IT. Initially, I wasn’t really looking for a new job, but the prospect of being able to build something here as the first IT hire was too enticing. That, on top of Hometap’s mission, convinced me it would be a good move for me.

Q8: What’s something you wish members of other teams within Hometap understood about IT or the work that you do specifically?

I wish more folks knew about the importance of information security, but we’re working on that right now! It’s sort of a cross function of IT and incredibly important when you work with the kinds of documents we do here at Hometap.

Q9: If you could trade jobs with anyone else at Hometap for a week, what position would it be?

I’m not sure if I could manage it for a whole week but I would love to hop into our Application Specialist team and help out with getting everything together for homeowner Investments. I know those folks work super hard and have to work through some pretty unique problems to make things run smoothly.

Q10: What’s one quality someone needs to be successful at Hometap?

You’re going to be successful here if you’re the kind of person who likes to ask questions! We are very collaborative and it’s important that you are investigative and want to find ways to make our processes better!

photo collage of Max Rock

OFFICE CULTURE

Q11: What qualities do you look for in a company’s office culture?

I am always looking for a place where I can engage and be engaged. If I put in energy to a culture, I want that energy to be returned and I’ve found that everyone at Hometap is just as excited as I am to participate.

Q12: You’ve been with Hometap for almost a year now. What’s one word you would use to describe the culture here so far?

Collaborative. It’s a bit cliche but I think you can ask anyone here and they’d say something similar, the people are what make Hometap so special. We have such a good group of people here dedicated to being good owners and neighbors. Whether it’s for work or personal reasons, we all work together and support one another and it’s really nice to see.

Q13: What are the best and worst parts of working from home?

The best part of working from home is getting back the time I spent commuting. I feel like I have a much better work/life balance now that I can work from home. Of course, the drawback to that is not being able to engage with my coworkers in the same way you can in an office. The worst part is trying to solve a sticky IT issue that I know would be a lot easier to fix in person!

We’re hiring! Learn more about the open career opportunities at Hometap!

How This California Landlord Diversified His Portfolio with Home Equity

Homeowner leaning against his front door

Sacco Leveraged His Home Equity to Build Up His Investment Portfolio

Sacco was vetting different ways to tap into his home equity so that he could better diversify his investment portfolio. A landlord in California, Sacco wanted to contribute more funds to his IRA and Roth IRA accounts, but he hadn’t reached his savings goals as quickly as he’d hoped.

He knew the value he’d built up in his condo could not only help him contribute to his investment accounts, but also leave him with some additional cash on hand. But he was running into dead ends when he approached lenders.

“I tried a couple of different avenues like home equity loans and refinancing, but they were so involved; so many rules surround [them] and you have to start paying them back right away,” explained Sacco. “I rent my place, so I couldn’t do [certain] loans with a rental.”

Sacco was frustrated with his lack of options, but then he heard an advertisement on NPR about home equity investments from Hometap.

“It said ‘Tap your equity without taking out a loan,’ and I thought that sounded pretty interesting.”

Sacco appreciated how streamlined the application process felt in comparison to his previous experiences with loans and refinances.

“It all seemed to go relatively smoothly; hassle-free,” said Sacco, “It didn’t tax me in terms of, I have to do this, have to do that. And it was all done remotely; I appreciated that.”

With cash from his home equity in hand, Sacco is ready to begin reaching his investment goals. He plans to spend several years building up his IRA, and appreciates knowing that his settlement options are flexible.

“Part of me would like to pay [the Investment] off within the next three to five years, but part of me is like, ‘I’ve got ‘til 2032, I can see how things go from there,’” said Sacco. “It’s nice to have options. Hometap doesn’t lock you in; you can settle anytime*, which I like.”

*Disclaimers: This homeowner was compensated for providing Hometap with an interview about his Investment experience.

*The effective period of a home equity investment from Hometap is ten years.

How Companies are Giving Back to Their Communities

With the holiday season quickly approaching, we wanted to connect with companies across the tech scene to see how they are taking part and giving back to their communities.

The Hometap team values having different opportunities throughout the year to volunteer virtually and in-person in our local communities. Our CSR program includes a pillar dedicated to partnering with non-profit organizations that align with our mission. This year’s initiatives included providing essential household items to families in need, donating school supplies and clothing to the homeless and underserved, and most recently volunteering at Second Harvest Food Bank.

This article originally appeared on VentureFizz. Read the full article here. 

 

Karen Paid Off Her Medical Bills with a Home Equity Investment

Karen Paid Off Her Medical Bills with a Home Equity Investment

Karen and her sister were looking for a way to split their inheritance after their father passed away and left them with a home.

The sisters decided that a home equity investment from Hometap would allow one of them to keep the home and provide the other with her share of the funds.

But before Karen completed her application process, her family would face another misfortune. She was diagnosed with cancer, and quickly found herself out of work, with countless operations ahead of her.

After more than a dozen procedures, Karen was overburdened with medical bills, plus all of the everyday bills that had been piling up at home while she was in treatment. What she was collecting from her disability insurance wasn’t enough to get out from under the debt that had amassed.

Her Hometap Application had been put on pause, but she picked back up where she left off and received her funding in just a few weeks.

“[My Investment Manager] understood some complicated situations that I had, and treated them as such that he understood and didn’t judge,” said Karen. “And it was like a friend helping.”

The money from her home equity investment allowed her to remove a line of credit from her home, pay down credit card debts, and put a dent in her medical bills.

“The funds that I received from the equity of my house have changed and improved my life such that I can now just worry about getting healthy and better from cancer and all the surgeries that I’ve had. They’ve given me my life back.”

Find out in just minutes if you could fund your home repairs and renovations with a home equity investment from Hometap.

*Disclaimer: This homeowner was compensated for providing Hometap with an interview about her Investment experience.

11 Boston Women Share Advice for Advancing in Leadership

At Hometap, a fintech company that provides loan alternatives for homeowners, Quality Assurance Manager Jillian Cahill had the exciting and challenging opportunity to build her department from the ground up. Cahill credits learning from managers and mentors, fostering curiosity and reflecting on professional interactions as key contributors to her career success.

What should individual contributors do during their careers to prepare for management roles?

I have three pieces of advice I like to share with people who are aspiring to become managers. First, it’s important to learn how your managers and mentors communicate and inspire those around them so you can do the same. Second, being a curious lifelong learner is paramount to your own happiness and success in your career.

Finally, analyze the situations you’re in to reflect on what worked and what didn’t, and take stock of how people interact with each other to collaborate, agree, disagree and make important decisions.

This article originally appeared on Built in Boston. Read it here.

Home Equity Lending to Small-Business Owners Up Since 2021

Alternative financing startup Hometap is one of a growing number of fintechs that is helping small business owners stay afloat in the face of recent demanding times with a lending product that allows them to utilize the tappable equity in their properties.

Hometap’s financing solution allows business owner mortgage holders to leverage their home equity in exchange for a percentage of the property’s future value, and in contrast to HELOCs or small-business loans, no interest or monthly payments are due for the first ten years.

“It goes without saying that the past two years have been incredibly difficult for everyone, and business owners have demonstrated incredible strength and resilience in the face of countless challenges,” said Jonathan MacKinnon, vice president of product strategy and business development at Hometap.

This article originally appeared on National Mortgage News. Read it here.