Better Home & Finance remains squarely in the red, but executives remain adamant the company will hit a long-promised benchmark this year. Processing Content The lender recorded quarterly and annual growth in revenue and originations but still posted a $70 million net loss for the first quarter, it said Thursday. That mark includes a $20.9 […]
Better is deep in the red despite origination, revenue gains Read More »
Better Home & Finance is releasing a new product that will help homeowners access home equity. Processing Content The mortgage originator announced Wednesday the launch of its Better Home Equity Card on Stripe Issuing. The card offers a simpler and digital alternative to high-cost unsecured debt for home renovations and improvements, the company said. “Homeowners
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Better Home & Finance announced Monday that it’s strengthening its finances through unexpectedly high originations, cost cuts, the sale of a United Kingdom bank and a stock offering. Processing Content The company reported that it is categorizing Birmingham Bank as held-for-sale and indicated it was actively working to shed it. Better also noted it has
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Better Home & Finance is shedding its direct-to-consumer identity as it leans on artificial intelligence to push it out of a long financial slump. Processing Content The now self-described AI-native mortgage platform on Friday promoted growth opportunities from bigger deals, including a new partnership with an unnamed, top-5 nonbank originator. Exuberant founder and CEO Vishal
Better lost $40M. Its CEO has never been bolder Read More »
Better Home & Finance launched an app which allows users to connect to its Tinman underwriting engine directly in ChatGPT from OpenAI. Processing Content Access is through a custom Model Context Protocol connector built by Better in collaboration with OpenAI. MCP is an open standard which enables integration between large language model applications and external
Better’s Tinman engine now accessible from OpenAI’s ChatGPT Read More »
Better is turning to crypto-linked capital to fund as much as $500 million in mortgages, betting the move can double originations and eventually push borrower rates below 5%. Processing Content The lender is partnering with Framework Ventures to tap funding through the Sky stablecoin ecosystem, positioning the platform as an alternative source of warehouse liquidity
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Better Home & Finance will likely be in the red for a while, but is gaining momentum with new partnerships and growing volume, its CEOVishal Garg said in a Thursday earnings call. The New York City-based lender posted a $39.1 million net loss for the third quarter, and hasn’t gotten much closer to breaking even
Better’s $39M loss masks growth momentum Read More »
Better Home & Finance is rolling out a new wholesale operation where it’ll offer home equity line-of-credit and closed-end second liens. The lender is touting a wide credit matrix, fast originations and options including 12 and 24 month bank statement approval options for small business owners. The largely direct-to-consumer shop, with an emerging retail arm,
Better launches HELOC, CES wholesale channel Read More »
Finance of America is now offering home equity loans through a new agreement with Better Home and Finance. The reverse mortgage giant will offer HELOAN and home equity line of credit products for the first time using Better’s proprietary Tinman AI platform, the companies announced Tuesday. Better will also integrate Finance of America’s reverse mortgage
Better, Finance of America team up on HELOANs, HELOCs Read More »
Better Home & Finance’s burgeoning retail operation is suggesting its technology bona fides, and a transparent compensation structure, helped lure a top lending team from Loandepot. Neo Home Loans powered by Better said it’s welcoming the Gustafson Team, a Colorado-based trio that funded over $110 million in origination volume last year. Although Better and Neo
Better, Neo Home Loans hype addition of Loandepot team Read More »