Wold joins Hometap to lead U.S. structured products business

Hometap, the Boston-based fintech specializing in home equity lending, has appointed Diane Wold as its new director of structured products. She leaves Wells Fargo bank, where she was senior vice president of its home lending capital markets team.

Wold is based in Minneapolis, and started at Hometap at the end of March, the company said. She reports to Cara Newman, head of structured finance at Hometap.

She will occupy a pivotal role in Hometap's drive to build a thriving securitization platform that aims to support steady asset-backed securities (ABS) issuance, according to a statement from the company. She will coordinate several teams—business strategy, finance, data science, investment support and capital—to create the structure for that sustained capital markets program, the company said.

She will also be actively involved in sustaining and expanding Hometap's relationships with key stakeholders in the home equity investment industry, such as rating agencies and dealers. She will also work closely with advocacy groups, like the Structured Finance Association (SFA), the company said.

"It's exciting to join Hometap at a time when the HEI asset class is experiencing remarkable growth and innovation," according to a statement from Wold. "I look forward to collaborating with the team in developing investor solutions defined by their transparency, superior performance, ingenuity, and active investor participation."

Wold brings more than three decades of experience in the secondary mortgage industry, at such firms as Two Harbors Investment and GMAC Residential Capital. She developed residential mortgage conduits and securitization platforms that have represented more than $450 billion in domestic and international business, the company said.

"I could not be more excited for Diane to join our team," according to a statement from Newman. "Diane's knowledge of the market and deep connections in the industry will be invaluable as we continue building our securitization capabilities. 2024 is a year of tremendous opportunity for Hometap, and I am grateful to have Diane supporting our efforts to build strong relationships with our capital partners and deliver on our mission to homeowners."