#USA #Tempe #Home Equity #Unlock Technologies #HEA

Unlock Technologies Expands Home Equity Agreements Across Five States

Unlock Technologies, a rapidly growing financial technology company, has made significant strides in expanding its services to homeowners by adding home equity agreements (HEAs) in five additional states: Hawaii, Idaho, Montana, New Hampshire, and Wyoming. This expansion follows the addition of Kentucky, Indiana, Missouri, and Ohio earlier this year, marking an impressive increase of over 40% in service availability compared to last year, now reaching a total of 24 states.

According to Jim Riccitelli, the CEO of Unlock, this expansion is a crucial component of their strategy tied to the Series B funding they secured last year. He highlighted, "We are the first provider offering home equity agreements in many of these regions, and our focus remains on making HEAs accessible to a broader range of homeowners who may require financial support." This remark underscores Unlock’s commitment to tailoring innovative financial solutions that aim to ease burdened homeowners' financial responsibilities.

A recent survey conducted by Unlock in early 2025 revealed that nearly half of homeowners plan to increase spending on household necessities this year, with 30% experiencing a rise in credit card debt. The findings underscore the necessity for accessible funding options. Unlock's HEA program provides homeowners with upfront cash in exchange for a share of their property's anticipated future value, eliminating the need for monthly payments or strict income thresholds, thereby catering to a wide array of homeowners.

In an exciting move to further propel growth and effectively engage with homeowners, Unlock has appointed Miren Desai as the company’s inaugural chief growth officer. Desai will oversee growth initiatives and revenue operations, collaborating closely with sales and product teams to enhance visibility and understanding of this innovative home equity-based financing option. Miren has previously held positions with reputable organizations like LendingClub and Nextdoor, bringing a wealth of experience in the financial and technology sectors.

Desai shared her enthusiasm for joining Unlock, stating, "I’m thrilled to help advance Jim’s vision and contribute to sustainable growth that prioritizes the homeowner experience. Our goal is to make equity-based finance as familiar for homeowners as it is for businesses; this can fundamentally shift how individuals manage their finances and plan for their future."

Founded in 2020 and based in Tempe, Arizona, Unlock Technologies focuses on helping consumers navigate financial challenges with innovative products and services. Their flagship offering, the home equity agreement, allows homeowners to leverage their home equity without the encumbrance of traditional loans, thus offering a fresh approach to financial management.

Unlock Technologies continues to demonstrate a proactive approach to solving consumer financial issues, ensuring that more homeowners across the U.S. can access beneficial financial options as the market continues to evolve. With this expansion and the addition of strategic leadership, Unlock positions itself as a pioneering force within the financial technology landscape, keen on improving financial wellness for families nationwide.