The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg's personal equity
Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if owners default or try to sell their stock before paying off their mortgages
Founder has been taking a break to 'reflect on his leadership, reconnect with the values that make Better great and work closely with an executive coach'
Company says it's positioned for growth as lenders shift their focus from refinancing mortgages to providing purchase loans
Program launches as Better moves to finalize its bid to become a public company