HomeTap

“Today, I would say the home equity investment is still relatively small, but it is an asset class. It's an established asset class. There is Everything that you would expect to be in an asset class in terms of bankers who lend to the space and securization ban…”

“Early in this year, we crossed deploying over a billion dollars. We've been growing very rapidly since then. We have helped over 14,000 homeowners. We operate in 18 different states across the country. And we're growing pretty rapidly from that. We've got over…”

“We've done just this year, multiple securitizations. There's now ratings in this industry, so the rating agencies are able to provide ratings to these assets, which is now led for broadly syndicated securitizations, which brings new capital partners in.”

“So I would say at any moment in time over the last seven and a half years, the leg that has often been the shortest has been the capital side. Historically, that is no longer the case. As a result now of a seven-year track record and a securitization market an…”

“In practice, what we did was we put our money where our mouth was, which we took some of our own operating capital in the beginning, And we made the first set of investments with capital that we had raised into HomeTap, which not only strengthened our systems …”

“For a business like ours, you have to think about your value proposition and who your customer is on the capital side, like a product roadmap. It evolves over time and what your value proposition is on day one and who that value proposition resonates with on d…”

“So we are very different than a classic mortgage originator who originates a loan and then sells it off to an investor. And then we are completely committed to an ongoing relationship with the homeowner and completely committed to working with the homeowners t…”