Hometap's Outlook Report Featured in National Mortgage News

Home equity investment platforms formed a new collective as they look for a say in establishing regulations, while secondary market investment looks set to drive growth for the burgeoning segment, according to a new report.

The Coalition for Home Equity Partnership, including HEI platforms Hometap, Point Finance and Unlock Technologies, launched earlier this year, with aims of setting a framework for future industry growth.

"Good regulation enables growth," said Josh Gaffney, general counsel for Hometap, the company that published the report. "It gives investors confidence, keeps out bad actors, and ensures that consumers feel confident in these products — whether they come from us or a competitor."

This article originally appeared in National Mortgage News. Read the full article here.