Tag Archives: Better

From ‘Better’ to worse: Real estate companies making layoffs so far

By | | Uncategorized
Comments Off on From ‘Better’ to worse: Real estate companies making layoffs so far

With a few exceptions, the layoffs have so far largely been confined to companies providing mortgages and mortgage-related services like title and closing. Continue reading →

Power Buyer Orchard now serving first-time homebuyers

By | | Uncategorized
Comments Off on Power Buyer Orchard now serving first-time homebuyers

After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead. Continue reading →

Better shed nearly 60% of employees and posted $304M loss in 2021. But IPO still in cards, SEC filings show

By | | Uncategorized
Comments Off on Better shed nearly 60% of employees and posted $304M loss in 2021. But IPO still in cards, SEC filings show

Documents filed Monday with the U.S. Securities and Exchange Commission shed new light on just how bad the past 18 months have been for Better. Continue reading →

Rocket and Wells Fargo eye buyouts and layoffs in face of rising rates

By | | Uncategorized
Comments Off on Rocket and Wells Fargo eye buyouts and layoffs in face of rising rates

Rocket Mortgage and Amrock, Rocket’s title and settlement company, are offering buyouts to 8 percent of its workforce while Wells Fargo confirmed with Inman that it laid off employees last week. Continue reading →

Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs

By | | Uncategorized
Comments Off on Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs

A sharp decline in mortgage refinancing prompts Blend to pull back “very hard” on hiring and reconsider the “right number of people” needed in the title insurance segment. Continue reading →

Ally now offers mortgages powered by Better in 46 states

By | | Uncategorized
Comments Off on Ally now offers mortgages powered by Better in 46 states

Ally announced a strategic partnership with Better in 2019 in which Better sells, processes, underwrites, and closes Ally’s digital mortgage offerings, while Ally retains control of marketing, advertising and loan pricing. Hawaii, Nevada, New Hampshire… Continue reading →

Better, brawls and Zillow’s misfire: Brad Inman says it’s just the start

By | | Uncategorized
Comments Off on Better, brawls and Zillow’s misfire: Brad Inman says it’s just the start

Anger is one reaction to shattered expectations, but you can’t pick a fight with an unforgiving market. These days, everyone’s fighting their own fears, Inman Publisher Brad Inman writes. Continue reading →

‘I blundered’: Better CEO apologizes to workers after layoffs go viral

By | | Uncategorized
Comments Off on ‘I blundered’: Better CEO apologizes to workers after layoffs go viral

Better CEO Vishal Garg has apologized to the mortgage company’s staff, saying he failed to show adequate respect for the 900 former employees who were let go last week. Continue reading →