Better.com lays off in-house real estate agents nationwide
Troubled mortgage lender had touted Better Real Estate as a crucial component of its plans to build out an integrated end-to-end technology platform
by Matt Carter Jun 8
Real estate in 2022: When the #@!$ finally hit the fan
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
by Jim Dalrymple II Dec 19
Better.com laid off employees who were on parental leave: Lawsuit
A Better.com employee filed suit in New York alleging the online mortgage company fired him less than an hour after he told them his daughter was born. 17 others may have also been on leave
by Taylor Anderson Nov 9
Vishal Garg opens up about the rise and fall of Better.com
'To be absolutely blunt, I'd never managed more than 10 people in my life.' Better CEO talks to Insider after months out of the spotlight while the company struggled through market downturn
by Taylor Anderson Oct 4
The deadline to take Better.com public has been extended again
Better still searches for options to remain a private company as the deadline to become a publicly traded company was pushed to March 8, according to a filing with the SEC
by Taylor Anderson Aug 29
SEC is investigating Better as Barclays, Citigroup resign as deal advisers
Mortgage upstart Better's plan to go public via a SPAC merger faces new challenges as banks that were advising the companies resign their roles
by Taylor Anderson Jul 14
Better hires new head of sales and VP of marketing
The company continues its quest to go public despite turmoil in the market. New executives are a mix of recent hires and internal promotions
by Taylor Anderson Jul 7
Better parts ways with second head of real estate in 4 months
The embattled mortgage company confirmed it had let go of Chad Walker shortly after 3 other executives have recently departed. Nick Taylor will replace Walker as head of the division
by Taylor Anderson Jun 29
Property marketplace Sundae cuts 15% of its workforce
Sundae, which lets homesellers sell their properties as-is to investors without hiring a real estate agent, said layoffs were targeted to its newest markets
by Matt Carter Jun 29
Better CEO to colleagues: Biden death would be a boon for business
New whistleblower lawsuit claims Vishal Garg made a series of puzzling declarations, including misstatements to SEC 'aimed at duping investors and shareholders' amid quest to go public
by Taylor Anderson Jun 8
Better shed nearly 60% of employees and posted $304M loss in 2021. But IPO still in cards, SEC filings show
New documents filed Monday with the US Securities and Exchange Commission shed new light on just how bad the past 18 months have been for the online mortgage lender
by Taylor Anderson Apr 28
Ally now offers mortgages powered by Better in 46 states
Hawaii, Nevada, New Hampshire and New York are the final states to check off in order for Ally to realize its goal of providing digital mortgages nationwide
by Matt Carter Apr 1
Fresh off more layoffs, Better names new head of human resources
Richard Benson-Armer, who had been serving at the mortgage company on an interim basis, has been named the company’s Chief people, performance and culture officer
by Taylor Anderson Mar 16
Better Mortgage now licensed in every state but Nevada
With expansion into Massachusetts, Hawaii and New Hampshire, Better says its mortgage services now reach '99% of the U.S. market'
by Matt Carter Mar 2
Better admits it has a culture problem, points to CEO Vishal Garg
In a new SEC filing, the mortgage lender points to actions by CEO Vishal Garg as reasons that areas of company culture ‘require improvement.’ Steep losses are expected in Q4
by Taylor Anderson Feb 14