Digital mortgage lender boosted Q2 loan production by 45% and says it's on track to originate more than $1B in mortgages in Q3 for the first time in 2 years, but losses continue to mount
The lender boosted mortgage volume 25% from Q4 but suffered a $51M loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future 'lies in Uberizing the loan officer'
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 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
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
Severance pay arrives early. Work computers shut down. Former Better employees describe how they found out they were let go Tuesday
Vector Group, which launched its proptech investment arm in March, has now added Humming Homes to its list of invested in companies
Digital mortgage startup Better.com has pledged to hire Google Career Certificate graduates by 2024 as part of the company's aggressive growth strategy