Better’s market share has shrunk by more than 70 percent in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42 percent of its mortgage business. Continue reading
In addition to going public at a bad time for mortgage lenders, Barron’s reports that a SPAC merger resulted in a huge increase in the number of shares outstanding. Continue reading
Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to “aggressively” partner with agents as it builds its mortgage production team. Continue reading
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August. Continue reading
Troubled mortgage lender had touted Better Real Estate as a crucial component of its plans to build out an integrated end-to-end technology platform. Continue reading
New products and agent partnerships could help Better make the transition from a company known primarily for refinancing to a lender that serves homebuyers. Continue reading
The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg’s personal equity. Continue reading
From Rentspree to Better, Intel asked 10 property technology entrepreneurs tough questions on the minds of their colleagues and customers, many of them large, national brokerage brands. Continue reading
Properties must be eligible for an appraisal waiver, and like Better’s “One Day Mortgage,” some fine print can stand in the way of getting a loan approved in 24 hours. Continue reading
Through Better’s Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages. Continue reading