Hometap Welcomes Tom Egan as New CFO to Enhance Growth
BOSTON--Hometap, the innovative financial technology company focusing on debt-free home equity financing, is excited to announce the appointment of Tom Egan as Chief Financial Officer. In this significant new role, Egan will be reporting directly to Hometap's CEO, Jeffrey Glass.
This leadership change marks an important step forward for Hometap as the company continues its impressive growth journey. Recently, Hometap achieved a significant milestone by surpassing $1 billion in both capital deployed and assets under management. As growth accelerates, Egan's appointment is integral for scaling financial operations and capital deployment strategies at Hometap.
"We are thrilled to bring Tom Egan on board as our new CFO," said Hometap CEO Jeffrey Glass. "His deep experience in capital management, deal-making, and strategic financial leadership will be essential in our upcoming expansion. We aim to deliver enhanced value to our investors and partners while positively impacting homeowners nationwide."
Prior to Hometap, Egan served as CFO and Head of Capital Markets at Divvy Homes for nearly five years. He is bringing over 15 years of robust experience from the financial services sector. His tenure at Barclays, where he ascended to the role of head of EMEA leveraged capital markets, provided him with solid expertise in underwriting and distributing leveraged loans and high-yield bond transactions.
At Hometap, Egan's responsibilities will encompass all facets of financial management, focusing on crafting and implementing the business's financial strategy. His role will cover traditional corporate finance functions such as planning, analysis, budgeting, and tax while also spearheading strategies for asset capital management. Egan's insight will be vital to effectively managing Hometap's portfolio and driving capital deployment initiatives.
"Joining Hometap at this pivotal moment is incredibly exciting for me," stated Egan. "We are witnessing remarkable momentum in home equity investments, and I believe that Hometap is strategically positioned to create a significant impact. I am looking forward to utilizing my capital markets expertise to further Hometap's mission of providing homeowners with innovative and flexible solutions for their financial aspirations."
About Hometap
Launched in 2017, Hometap is on a vital mission to alleviate the stresses associated with homeownership. The company’s leading home equity investment product allows California homeowners to tap into their equity without incurring additional monthly payments or needing to sell their homes. More than 14,000 homeowners have benefited from Hometap's services across the United States. Hometap remains committed to expanding its array of groundbreaking financial products and services, aiming to help homeowners navigate every stage of their journey with informed confidence. For more details visit the official site.
Frequently Asked Questions
What is the role of Tom Egan at Hometap?
Tom Egan serves as the Chief Financial Officer at Hometap, responsible for overseeing financial management and strategy.
What milestones has Hometap recently achieved?
Hometap recently surpassed $1 billion in capital deployed and assets under management, highlighting its growth and market presence.
What experience does Tom Egan bring to Hometap?
Egan comes to Hometap with over 15 years of experience, including his role as CFO at Divvy Homes and notable tenure at Barclays.
How does Hometap's product benefit homeowners?
Hometap allows homeowners to access their home equity without incurring monthly payments, which provides financial flexibility.
When was Hometap founded?
Hometap was founded in 2017 and has since focused on making homeownership more accessible and less stressful.
