Home equity platform Quarter names new CEO

Executive jumps ship from Capital One

Home equity platform Quarter names new CEO

Quarter, Inc., a fractional home equity lending platform, has announced the appointment of Shannon Diesch (pictured) as its new chief executive officer.

Diesch joins Quarter from Capital One, where she spent the past three years as a senior business analyst for the company’s domestic card portfolio. Diesch is also the co-founder of Solar Flare, a space food company that sells products to NASA.

In its release, the company said Diesch will “guide Quarter in its mission to offer innovative, affordable housing finance to millions of Americans currently priced out of homeownership given traditional mortgage rates near a record 20-year high.”

Quarter is a home equity platform for fractional housing investors who prefer to finance their home purchases using their portfolio of fractional home assets.

“I’m honored to join Quarter as CEO,” Diesch said. “I’m a young leader, and offering housing affordability to millions of my Millennial and Gen-Z peers is very close to my heart. Our generation desperately needs affordable housing to share in our parents’ American Dream, and I believe financial innovation, powered by scalable technology, is the right way to deliver on that promise. I can’t think of a more important cause, and I’m excited to move Quarter into a bright future.”