Hometap Strengthens Financial Leadership, Appoints Seasoned CFO to Drive Expansion

Hometap, the Boston-based financial technology company pioneering debt-free home equity financing, has announced the appointment of Tom Egan as its new Chief Financial Officer. This strategic hire comes as the company celebrates surpassing $1 billion in both capital deployed and assets under management, positioning it for accelerated growth and innovation in the home equity investment space.

Unlocking Homeowner Wealth and Fueling Expansion

Scaling Financial Operations and Capital Deployment

As Hometap enters its next phase of expansion, Egan's role as CFO will be crucial in scaling the company's complex financial operations and capital deployment strategies. Leveraging his extensive expertise in capital management and financial services, Egan will drive Hometap's financial strategy to align with its long-term vision and ambitious growth plans. He will oversee all aspects of financial management, including developing and executing Hometap's business and financial strategy, leading traditional corporate finance functions such as planning and analysis, tax and budgeting, while also spearheading strategies related to asset capital management and allocation.Egan's expertise will be instrumental in managing Hometap's portfolio and advancing the company's capital deployment initiatives, ensuring the efficient and effective allocation of resources to fuel Hometap's continued growth and impact.

Leveraging Capital Markets Expertise

With over 15 years of experience in financial services and capital markets, Egan brings a wealth of financial knowledge to Hometap. Prior to joining the company, he served as CFO and Head of Capital Markets at Divvy Homes, where he played a crucial role in the company's financial strategy and capital raising efforts.Before that, Egan spent over a decade at Barclays, where he rose to serve as head of EMEA leveraged capital markets, underwriting and distributing leveraged loan and high-yield bond transactions. This extensive background in capital markets and innovation in the real estate sector will be invaluable as Hometap continues to expand its suite of innovative financial products and services.

Driving Positive Impact for Homeowners

Egan's appointment comes at a pivotal moment for Hometap and the broader evolution of home equity investments. The company's momentum in this space is extraordinary, and Egan is excited to leverage his expertise to drive forward Hometap's vision of providing homeowners with creative, flexible solutions to achieve their financial goals."I'm excited to join Hometap at this pivotal moment in both the company's growth and the broader evolution of home equity investments," said Egan. "The momentum we're seeing in this space is extraordinary, and Hometap is well-positioned to make a significant impact. I'm excited to leverage my background in capital markets and innovation in the real estate sector to drive forward Hometap's vision of providing homeowners with creative, flexible solutions to achieve their goals."

Strengthening Hometap's Leadership Team

Hometap CEO Jeffrey Glass expressed his enthusiasm for Egan's appointment, stating, "We are thrilled to welcome Tom Egan to our team as our new Chief Financial Officer. Tom's deep experience in capital management, deal-making and strategic financial leadership will be invaluable as we enter our next phase of expansion. His expertise will help us deliver even more value to our partners, investors and stakeholders while driving positive impact for homeowners across the country."With Egan's strategic leadership and financial acumen, Hometap is poised to accelerate its growth, expand its innovative product offerings, and continue its mission of empowering homeowners to unlock the wealth in their homes and achieve their financial goals.