Homeward
Home finance company
Company mission
To build innovative home finance solutions to overcome the limitations of the traditional mortgage.
Employees
201-500
HQ Location
Lost Creek, TX
OTTA INSIGHTS
Otta's take on Homeward
Xav Kearney
CTO of Otta
Sellers historically favor more dependable all-cash purposes - but few are in a position to offer them. Moreover, nobody favors the drawn-out choreography of timing one’s home sale with a new home purchase. Homeward allows customers to make all-cash purchases on new homes via the company, who buy on their behalf and sell to the customer once they’ve closed on their existing home.
By providing a seamless experience under three companies, it is a comprehensive service covering the home-buying process start to finish. Homeward's solution is elegant, and proving hugely popular - it is currently oversubscribed in markets across the country. It’s a new, innovative development in a legacy industry in dire need of change.
Importantly, Homeward is attractive to investors - and the Austin-based company are no doubt additionally cashing in on the increased VC interest in the growing Texas tech scene. Further, following its success in the Texas, Georgia, and Colorado markets, Homeward is planning to go nationwide with its real estate solution. It has already extended to Florida and Arizona, and looks to conquer more states in the future.
Total funding - $160m
Last 2 fundraises
May 2020
$20m
EARLY VC
May 2021
$136m
SERIES B
This company has top investors
Company benefits
- Every full-time member of our team gets an equity grant. We all own a piece of our success
- In addition to 12 company holidays and two floating holidays, our team members enjoy 20 days of vacation and can rest easy with five sick days
- Homeward employees have medical, dental, vision, and counseling coverage
- New human in the house? You’ll get up to 14 weeks of paid leave as a primary caregiver and up to seven weeks as a secondary caregiver
- We can’t see the future, but we can help you be smart about it with life and accident insurance as well as a 401K match
Company values
- THE GOLDEN RULE
- Whether we’re dealing with colleagues or customers, we follow The Golden Rule, treating others the way we want to be treated. It’s a simple rule, but it’s also significant: we don’t prioritize money or growth over people, and we practice empathy at every opportunity
- CALM FOCUS
- We work in tech and build solutions for real estate. Both are fast-paced and stressful industries. So it’s important that we focus on the larger objective rather than rushing from one task to the next. If something is out of scope, we say “No.” If something feels rushed, we pump the brakes. This calm focus helps us create solutions our customers love
- ONE TEAM, ONE DREAM
- Big problems require big solutions. We look at our customers’ experience holistically, and recognize that solving them requires collaboration across teams. This approach extends to cooperation among our three affiliate companies — Homeward, Homeward Mortgage and Homeward Title — and produces a more integrated homebuying experience
Articles
Founders
Tim Heyl
(CEO)Tim studied Finance and Real Estate at Texas A&M. He also founded Mint Title, Phone Animal and The Heyl Group.
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