The company is backed by over $1 billion in capital deployments and assets under management, and has made strategic hires to spearhead its financial strategy.
BOSTON, Oct. 22, 2024–(BUSINESS WIRE)–HomeTap, the Boston-based financial technology company that pioneers debt-free home equity financing for U.S. homeowners, has named Tom Egan the Announced new management personnel, including the position of finance director. . Mr. Egan will report directly to HomeTap Chief Executive Officer Jeffrey Glass.
This strategic appointment builds on Hometap’s remarkable success, as the company surpassed $1 billion in both capital commitments and assets under management earlier this year. As HomeTap accelerates its growth trajectory, Egan’s role will be critical in scaling the company’s complex financial operations and capital deployment strategy. Mr. Egan will leverage his extensive expertise in capital management and financial services to drive Hometap’s financial strategy in line with its long-term vision and ambitious growth plans.
“We are excited to welcome Tom Egan to our team as our new Chief Financial Officer,” said HomeTap CEO Jeffrey Glass. “Tom’s deep experience in capital management, deal formation and strategic financial leadership will be invaluable as we enter our next phase of expansion. “It will help create more value for stakeholders and a positive impact for homeowners across the country.” ”
Mr. Egan joins Hometap after nearly five years as CFO and Head of Capital Markets at Divvy Homes. With over 15 years of experience in financial services and capital markets, Egan brings a wealth of financial knowledge to Hometap. Prior to his role at Divvy Homes, he spent more than 10 years at Barclays, where he rose to become Head of EMEA Leveraged Capital Markets and was responsible for underwriting and selling leveraged loans and high yield debt transactions.
In his role at Hometap, Egan will oversee all aspects of financial management, including the development and execution of Hometap’s business and financial strategies. He will lead traditional corporate finance functions such as planning and analysis, tax and budgeting, as well as spearheading strategies related to asset capital management and allocation. His expertise will help manage Hometap’s portfolio and drive the company’s capital deployment efforts.
“I’m excited to join HomeTap at a pivotal time in both the company’s growth and the broader evolution of home equity investing,” said Mr. Egan. “The momentum we are seeing in this space is extraordinary and Hometap is well-positioned to make a significant impact. We are excited to advance our vision of providing homeowners with creative and flexible solutions to achieve their goals. ”
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About home tap
Founded in 2017, Hometap is a Boston-based fintech company with a mission to make homeownership less stressful and more accessible. Starting with industry-leading home equity investment products, the company helps more than 14,000 homeowners across the country access home equity without making additional monthly payments or selling their home. I’ve been doing it. Hometap continues to expand its innovative financial products and services to help homeowners make more informed and confident home financial decisions at every stage of their homebuying journey. We are developing a digital platform to help you take action quickly. And it gets easier. For more information, please visit hometap.com.
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contact address
mary dawson
home tap
mdawson@hometap.com
