Hometap, a Boston-based fintech company, has appointed Tom Egan as its new chief financial officer. Egan is tasked with scaling the company’s financial operations and capital deployment strategies. This appointment comes after Hometap recently surpassed $1 billion in capital deployed and assets under management, marking a key growth milestone.
Hometap provides a home equity investment product that enables homeowners to access their home equity without additional monthly payments or the need to sell their home. Its goal is to make homeownership more manageable and financially accessible by offering debt-free equity financing.
Egan brings over a decade of experience in financial services and capital markets to the company. Prior to joining Hometap, Egan served as CFO and head of capital markets at Divvy Homes. At Hometap, he will manage all aspects of financial management, from developing and executing business and financial strategies to overseeing traditional corporate finance functions like planning, analysis, tax and budgeting. He will also lead efforts in asset capital management and allocation.