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
Better taps crypto funding to target sub-5% rates Read More »
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 »
Executives at independent mortgage banks saw their average annual compensation remain largely flat in 2024 compared to the previous year, according to filings with the Securities and Exchange Commission. Some IMB leaders saw their pay rise or dip slightly due to stock awards received in 2024 — or a lack of them compared to 2023.
Here’s how much executives at public IMBs made in 2024 Read More »
Better Home & Finance is offering numerous reasons to believe better days are ahead despite its struggle to reach profitability. The digital lender Tuesday morning disclosed a $51 million net loss in the first quarter, in line with net losses of $59.2 million and $50 million in the prior and year ago periods, respectively. Since
Better still in the red but sees green shoots in retail Read More »