Tag Archives: Better

Better slashes costs, exits UK in push to reach profitability

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Better Home Finance is selling its U.K. bank, raising $60 million, and cutting costs as it restructures, boosts liquidity, and targets profitability by 2026. Continue reading →

Fannie Mae move could bring crypto buyers into the market

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Fannie Mae is preparing to accept crypto-backed mortgages for the first time, a move that could bring digital assets further into mainstream home financing. Continue reading →

Better claims its new AI app can underwrite some mortgage loans in 47 seconds

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Better’s Tinman platform brings conversational AI to mortgage underwriting, aiming to make the process faster and more efficient. Continue reading →

Is the ‘proptech winter’ ending? This is what investors are watching

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Some companies that were red-hot during the COVID housing market had to either pivot or die when rates rose and major funding rounds dried up. But green shoots may be emerging. Continue reading →

Better Mortgage seizes the day on Wall Street with $75M raise

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The goal is to maximize two new partnerships and quadruple Better’s monthly mortgage originations to $2 billion. The raise follows a bullish endorsement by activist Opendoor investor Eric Jackson. Continue reading →

Better shares soar on bullish thesis by activist investor Eric Jackson

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EMJ Capital’s founder posted a thesis on X that Better Home & Finance is “the Shopify of mortgages” with the potential for AI to boost capacity and fuel explosive growth. 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 →

Better waiving $995 origination fee for repeat mortgage customers

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“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading →

Better waiving $995 origination fee for repeat mortgage customers

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Comments Off on Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading →