The Last Word: Alkami CEO Has a Song Line for ‘Trapped Home Equity’

“Please release me, let me go.”

Alex Shootman
.…quoting Englebert Humperdinck in a post about “trapped home equity,” via LinkedIn.

Plano-headquartered Alkami Technology is out with its chart of the week, titled “Home Equity Balances versus Prime Interest Rate and U.S. Median Home Prices.”

Writing on LinkedIn, Shootman tapped the Humperdinck ditty to describe the situation faced by many homeowners, who aren’t eager to give up their low mortgages in exchange for a much higher one at another address.

“Engelbert Humperdinck probably wasn’t crooning about trapped home equity, but the Alkami Technology chart of the week shows home equity loans up by more than 1/3 over three years with home values increasing and home owners sitting on low-interest mortgages,” Shootman writes.

You can see the charts in his LinkedIn post here.

For more of who said what about all things North Texas, check out Every Last Word.

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R E A D   N E X T

  • THE LAST WORD on Dallas Innovates. Find "who said what" in our collection of quotes on Dallas-Fort Worth Innovation.

    Read “who said what” in our roundup of quotes about all things North Texas, including ENO8's Jeff Francis; MyndVR's Chris Brickler and Ted Werth; Axxess' John Olajide; the Urban Land Institute's Ron Pressman; Dallas Mayor Eric Johnson; the Mavs Foundation's Katie Edwards; UT Arlington's Yi Hong;'s Ben Caballero; ParkHub's George Baker Sr.; and more.

  • Caballero—a three-time Guinness Book of World Records holder for most current annual home sale transactions through MLS by an individual sell-side real estate agent—should know a thing or two about interest rates. And he says the recent spikes have got Texas home builders "scrambling."

  • Green is the former leader singer of a punk rock band, who toured the world and put out two albums in his early twenties. But now he's taking the stage in a different way—by leading his startup Nada into the $27 trillion home equity market.

  • Plano-based Alkami—a leading cloud-based digital banking solutions provider for banks and credit unions—presented a new concept at its annual Co:lab 2023 conference in Grapevine last week. Drawing a distinction from the FinTech industry, Alkami unveiled its "TechFin" concept: "a technology company that builds financial solutions."

  • Axxess founder John Olajide built his Dallas-based healthcare tech company from a fledgling startup in 2007 to a global company with 1,000 employees serving 3 million-plus patients. But the journey getting there wasn’t a straightforward path.  He tells his own story to inspire others and strengthen the ecosystem. And he's confident that "we'll be celebrating several more unicorns going forward."