The deal represents a defining milestone for the firm. It reflects not only the continued strength of the non-QM RMBS market, but also the confidence investors place in our platform and in AD non-QM mortgages as a premier asset class.
Through each securitization, we're able to transform investor enthusiasm for Hometap HEI asset-backed securities into offerings that provide homeowners with stability and the confidence to reach their financial goals, said Jeffrey Glass, CEO of Hometap. Hometap has now deployed more than $2 billion in home equity investments and served more than 20,000 homeowners. In a recent interview with HousingWire, Hometap chief financial officer Tom Egan said that the company has only scratched the surface of unlocking the full potential of home equity.