Fintech Hometap made two exec-level appointments geared towards leveraging capital markets, the company announced in a press release.
Cara Newman has joined the company as Head of Structured Finance, while Josh Gaffney has been named General Counsel.
Both will report to CEO and co-founder Jeffrey Glass.
“I’m thrilled to welcome Josh Gaffney and Cara Newman to our team,” said Hometap Cofounder and CEO Jeffrey Glass. “Drawing upon their guidance, I am confident that we will deliver even more value to our partners, investors, and stakeholders while always driving positive impact for homeowners and their families across the country.”
Newman comes to the company from Redwood Trust, Inc., a residential mortgage credit company where she served as Managing Director and Head of Structured Finance. At Hometap, she will develop and execute an asset capital strategy, find the best market for its home equity investments, and lead an investor segment-oriented team.
“Even amidst that flurry of new interest, what makes Hometap unique…is the steadfast dedication we bring to living our mission, engaging homeowners with a technology-first process and support that reflects itself in the quality of our platform. I couldn’t be happier to bring that same dedication to a fast-expanding universe of investment partners,” Newman said.
Her other experience includes counsel positions at Dish Network and HSBC Global Banking.
Gaffney brings nearly two decades of legal experience to the position. Prior to Hometap, he served as General Counsel and Chief Privacy Officer at consumer data fintech Banyan. His other experience includes Managing Counsel for American Express’ Global Services Group and positions with Flaster Greenberg PC and Wolff & Samson PC.
He will oversee the company’s legal initiatives and provide guidance on company strategy and implementation.
“This is a tremendous moment to join Hometap, as we continue to fulfill our core objectives–building home equity investment from the ground up to serve homeowners–and, at the same time, foster new engagement with the capital markets,” he said.
Boston-based Hometap is a fintech that helps homeowners access their home equity without having to sell their homes. It is expanding its suite of products and recently launched the Home Equity Dashboard, giving homeowners a free centralized platform to understand their home equity.
The company also recently promoted a new president and hired a new CFO.