Hometap Appoints Finance Veteran Tom Egan as Chief Financial Officer, Accelerating Next Phase of Company Growth

Strategic hire to spearhead financial strategy as company builds on over $1B in capital deployed and assets under management

BOSTON – October 22, 2024 – Hometap, the Boston-based financial technology company pioneering debt-free home equity financing for American homeowners, announced a new appointment to its executive team, welcoming Tom Egan as Chief Financial Officer. 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 deployed and assets under management earlier this year. As Hometap accelerates its growth trajectory, Egan's role 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.

"We are thrilled 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-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."

Egan joins Hometap after nearly five years at Divvy Homes, where he served as CFO & Head of Capital Markets. 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 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.

In his role at Hometap, Egan will oversee all aspects of financial management, including developing and executing Hometap's business and financial strategy. He will lead traditional corporate finance functions such as planning and analysis, tax and budgeting, while also spearheading strategies related to asset capital management and allocation. His expertise will be instrumental in managing Hometap's portfolio and advancing the company's capital deployment initiatives.

"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.”

About Hometap

Founded in 2017, Hometap is a Boston-based fintech company on a mission to make homeownership less stressful and more accessible. Starting with its industry-leading home equity investment product, the company has helped over 14,000 homeowners across the U.S. access their home equity without having to take on additional monthly payments or sell their home. Hometap continues to expand its suite of innovative financial products and services, developing a digital platform designed to help homeowners at every stage of their homeownership journey to make more informed financial decisions about their home — and take action on those decisions — with confidence, speed, and ease. Learn more at hometap.com.