EMJ Capital's founder posted thesis on X that Better Home & Finance is 'the Shopify of mortgages' with the potential for AI to boost capacity and fuel explosive growth over the next 2 years.
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
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