Tag Archives: better.com

Inman celebrates its 2025 Inman Innovator Award winners

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At Inman Connect San Diego, Inman unveiled the winners of its flagship award, now in its 28th year, recognizing creativity across the real estate industry. Continue reading →

Inman celebrates industry visionaries: Announcing the 2025 Inman Innovator Award finalists

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Inman unveils the finalists for its flagship award, now in its 28th year, recognizing creativity across the real estate industry. Continue reading →

Shares in Better get a boost from $534M debt restructuring

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Investors bid up mortgage lender’s share price by 21 percent as company says deal with investor investor SB Northstar LP will improve its balance sheet and better position it for growth and a return to profitability. Continue reading →

Better’s losses shrink as AI boosts 2024 loan volume, revenue

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CEO Vishal Garg is optimistic about the future after cutting annual net loss by 61 percent, to $206 million, and growing loan production by 19 percent and revenue by 50 percent. Continue reading →

Lone Wolf invites mortgage lenders onto its broker-agent tech platform

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Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf’s transaction management solution, Transactions. Continue reading →

After downsizing, Better says it has cash to weather $340M Q3 net loss

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A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say. Continue reading →

Better executives stand to collect up to $17M in ‘DeSPAC’ bonuses

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The mortgage lender said $100 million in retention bonuses were distributed to employees in April, as promised, including $50 million from Better co-founder and CEO Vishal Garg’s personal equity. Continue reading →

Nearly half of Better’s mortgage business now comes from partners

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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 →

Better shares plunge more than 90% in Nasdaq debut

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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 →