Jeff Glass Talks Evolution of the HEI Industry

It's been a rough road during the past five years for capital markets in the home-equity investment sector. But investors are becoming more receptive, and the outlook for 2024 remains "quite positive."

According to Hometap CEO Jeffrey Glass, it was a "challenge to build out a new asset class" since the company's founding in 2018.

When Hometap launched, investors didn't embrace alternative investment products with open arms, Glass explained in a written statement. "In our initial phase, it was a challenge to build out a new asset class," he said.

As time has progressed, however, investors and the capital markets have become more welcoming.

This article originally appeared on Home Equity Lending News. See the full article here.