Hometap Launches New York Location in National Growth Push

Hometap, the Boston-based financial technology company providing innovative, debt-free access to home equity for American homeowners, is pleased to announce its latest national office opening today in New York City. The company’s third location accompanies Hometap’s headquarters in Boston’s Back Bay and a large satellite in Charlotte, North Carolina, and will be located in an innovative space at Industrious Bryant Park in Midtown Manhattan.

The new office will serve Hometap staff in the tri-state region across corporate functions, including the growing group of team members building Hometap’s capital markets engagement, strategic and structured finance arms.

While drawing professionals from around the country and built from a strong distributed workforce model, Hometap continues to invest in key hubs and capabilities to deliver for the range of stakeholders on its platform – mission-critical homeowners who use its products, the investment community and housing industry partners, among others. With Hometap poised to expand its asset capital and work with a wide range of New York-based institutions into the future, the city was a natural choice for new geography. In addition, New York State is one of 17 where Hometap provides its home equity investment (HEI) alternative financing.

“While about half of our team is based in Boston and surrounding New England, we continue to attract incredible talent and build centers of excellence organically throughout the United States, as far as the West Coast,” said Sarah Dekin, President and Chief Operating Officer at Hometap. “Our strategic priorities as a business create the opportunity to build and scale in America’s largest city, and we are pleased to gain a foothold in the heart of New York, where we can engage investment participants, drive new visibility for our mission and products, and enhance our colleague experience with a unique space for our team. Always building to our aspiration as a national company, this is an exciting time for Hometap – with the expectation for more locations to be established as we further grow.”

The launch comes as Hometap continues to diversify its offering and capabilities, having recently unveiled a new fintech-enabled knowledge tool for homeowners, the Home Equity Dashboard, along with the buildout of its structured finance function this summer.