Becoming a homeowner is hard. The high cost of housing and rising interest rates make home ownership unaffordable for many. And trying to save for a down payment, with stagnant wage growth and high rent rates, is nearly impossible. Tight credit standards add to the problem. Satisfying income and other requirements is difficult. For those who are able to qualify for a loan and buy a house, high mortgage payments leave little left for savings.
We looked closely at these challenges and how the typical home loan is structured and realized there's a better approach to home finance. An approach that uses the underlying property as an asset, not just as collateral for debt. Doing so reduces the size of debt and monthly payments, encourages savings (with a lender match), helps diversify assets and opens the door to more affordable home ownership.
We are OWN Home Finance and we are very proud of our status as a Public Benefit Corporation. We intentionally organized this way because not only do we want to serve our shareholders, we want to bring new and useful products to the home finance market. That might mean our products don't always make the most profit, but as a Public Benefit Corporation, we're okay with that. If we can help more people enjoy the benefits of home ownership in an affordable way and help grow savings, we will have accomplished our goal.
Dave Sterlitz, Founder & CEO
Having served in senior legal roles such as Managing Director and Chief Legal and Compliance Officer for nearly two decades at some of the largest financial institutions in the world, Dave knows firsthand how difficult product innovation can be in the highly regulated financial services market. Realizing, though, the desperate need for innovation in home finance and not deterred by challenges, Dave has been involved in the equity share revolution since its inception and is proud to be a founder of its newest and most exciting generation – the INVEST mortgage.
Brian brings to OWN a successful track record of leading operations, product and technology teams of varying size and complexity for over 20 years. Brian’s blend of start-up initiative and fortune-class experience gained at industry leaders like Capital One, HSBC, CoreLogic and Deloitte Consulting has helped him successfully build and run several emerging businesses. As part of the executive team that originally brought equity share products to home finance, Brian looks forward to further disrupting the home finance market with the INVEST mortgage.
Stuart is a senior Marketing and e-Commerce leader with strong experience in analytics, website development and optimization, and performance-based marketing. He has a strong instinct for user experience design and optimizing websites for maximum performance and drove ProFlowers.com to be the highest converting retail website as measured by Nielsen Online. Helping to grow over $3 billion in homeowner interest in a prior equity share product in California, Stuart is excited about the market opportunity for the INVEST mortgage.
Tom has 20 years financial analytics experience in residential real estate, longevity products and consumer lending. Tom’s deep expertise building financial reports and models covering product and portfolio performance provides critical insight and metrics. Like Dave, Tom has been involved in the equity share revolution since its early days, offering careful financial review and analysis of product and market trends. And like Dave, Tom is proud to bring the next generation of equity share product to market and is excited about the impact it will have on the home finance industry.
Brian Bailey, Founder & COO
Tom Cucinotta, Founder & Chief Analyst Officer
Stuart Ridge, CMO
Senior management: pulling together some of the sharpest minds and best talent from institutions such as HSBC, Wells Fargo, MUFG Union Bank, Capital One, Bank of America, etc., the senior team at own brings over 150 years of experience in residential mortgage lending – helping to establish a world class company and product offering.
We want to make homeownership more affordable and saving easier for more deserving people through a smarter approach to home finance, and we're absolutely committed to this goal.