Hometap Joins $1 Billion HEI Club

Hometap has become the latest U.S. firm to reach $1 billion in home equity investment originations.

The Boston-based company announced on Feb. 13 that it surpassed 10,000 HEi issuances for $1 billion in January since its founding in 2017.

Hometap has invested more than $730 million in HEIs just since 2022, the press release said. That rapid growth is one reason why the company was able to reach the $1 billion milestone after just seven years of operation.

With the achievement, the fintech has become one of a handful of companies that have invested more than $1 billion in HEIs.

Read more from the full article here.