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

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

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

HomeLight lands $20M, adds 40 new ‘Buy Before You Sell’ states

HomeLight is partnered with more than 10,000 loan officers and 28,000 real estate agents to offer Buy Before You Sell in 46 states and Washington, D.C. — everywhere but Alaska, Massachusetts, New York and Rhode Island. Continue reading

Zavvie’s power buyer suite for mortgage lenders is catching on

More than 7,500 loan officers in all 50 states and Washington, D.C., have access to cash offers that can be approved in as little as an hour, with NEO Home Loans and American Financial Network among the biggest partners. Continue reading