Better and Coinbase now have a conforming mortgage product for crypto-wealthy buyers
Better’s Tinman platform brings conversational AI to mortgage underwriting
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
Inman unveils the finalists for its flagship award, now in its 28th year, recognizing creativity across the real estate industry
Investors bid up mortgage lender's price per share by 21% after company says deal with investor SB Northstar LP will improve its balance sheet and better position it for a return to profitability
CEO Vishal Garg is optimistic about the future after cutting mortgage lender's annual net loss by 61%, to $206M, growing loan production by 19%, to $3.6B, and revenue by 50%, to $108M
Contributing investors included Alpaca VC, Hometeam, Animo Ventures and ResilienceVC. Funds will help Foyer invest in consumer confidence, savings and education, said founder Landy Liu
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 platform
A $565M influx of cash from an August SPAC merger and a $1B reduction in annual expenses puts Better on a footing to navigate a challenging market, executives say on first earnings call
The '401(k) for homeownership' helps first-time buyers achieve their savings goals with 4.51% APY high-yield savings accounts, as well as educational tools and matching with agents and lenders
The mortgage lender said $100M in retention bonuses were distributed to employees in April, as promised, including $50M from Better co-founder and CEO Vishal Garg's personal equity
Better's market share has shrunk by more than 70% in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42% of business
In addition to going public at a bad time for mortgage lenders, Barron's reports that SPAC merger resulted in a huge increase in the number of shares outstanding
Following 2 years of challenges, Better will go public Thursday with $565M in new funding and plans to 'aggressively' partner with agents as it builds its mortgage production team
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