US Market News
2月前
Better Home Equity Card Powered by Stripe Enables Easy Access to HELOC Funds and Introduces a Modern Access Layer Across the $21.4 Trillion Home Equity MarketApril 29, 2026 2:00 PM
Business Wire
Powered by Stripe, the Better Home Equity Card is designed to close the gap between financing and deployment for home equity as unsecured borrowing climbs nationwide.
Better Home & Finance Company (NASDAQ: BETR) today announced the Better Home Equity Card, built on Stripe’s financial infrastructure at Stripe Sessions 2026, the global internet economy conference. The new card provides homeowners with prepaid debit access to funds drawn from a secured Better HELOC, connecting financing, spending, and record keeping in a single integrated system. The card is designed to help eliminate the friction that has traditionally pushed homeowners towards high-cost unsecured debt.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429486991/en/
US homeowners collectively hold $21.4 trillion in tappable home equity, with more than 85 million consumers sitting on a median of $276,000 in available capital. Yet non-mortgage debt has climbed to $857 billion, with the average homeowner carrying $8,900 in debt and roughly 24 million homeowners carrying more than $10,000 in non-mortgage debt. Rather than treating home equity like generic cash, Better is rebuilding the interface between home equity borrowing and deployment to modernize how homeowners access capital they already own, while enabling greater visibility into spending behavior to inform future underwriting.
“Homeowners are sitting on $21.4 trillion in equity and reaching for a credit card to pay for a kitchen renovation or backyard upgrade because the tools to access their equity haven’t evolved,” said Vishal Garg, CEO and Founder of Better. “Banks have known for years that homeowners were overpaying for credit cards when they had equity sitting right there. We've built the Better Home Equity Card to repair it.”
Unlike a traditional credit card, which draws from an unsecured revolving balance, the Better Home Equity Card is a prepaid debit card that allows homeowners to easily access disbursements from their secured Better HELOCs. Approved funds are placed into a dedicated financial account and accessible immediately; no waiting for disbursements, no managing multiple payment methods. Cardholders can also earn 1% cashback on eligible purchases, introducing a rewards feature to home equity spending that traditional HELOCs typically lack. Stripe’s financial infrastructure powers card issuing, account management, and compliance in one seamless system.
The Better Home Equity Card is the next step in Better's broader strategy to build a fully integrated, AI-native home finance platform, connecting origination, funding, spending, and planning in one system powered by Tinman®. All approved Better HELOC customers will be offered the Better Home Equity card as a disbursement method beginning in Summer 2026.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Better has leveraged its industry-leading AI platform, Tinman®, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by answering questions, delivering approvals, comparing products, processing rate locks, and moving their loan application along to closing 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @tinmanAI on X and @betterdotcom on Instagram and TikTok.
Better Home Prepaid Debit Cards are issued by Cross River Bank, Member FDIC and Equal Housing Lender.
Better Mortgage Corporation partners with Stripe Payments Company for money transmission services and account services with funds held at Fifth Third Bank N.A., Member FDIC and Equal Housing Lender.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260429486991/en/
Email: comms@better.com
Original: Better Home Equity Card Powered by Stripe Enables Easy Access to HELOC Funds and Introduces a Modern Access Layer Across the $21.4 Trillion Home Equity Market
US Market News
3月前
Better Home and Finance CEO, Chairman and Executive Team Purchase BETR StockApril 8, 2026 5:34 PM
Business Wire
Better Home & Finance Holding Company (NASDAQ: BETR) (“Better,” “Better Mortgage,” “the Company,” “we,” “our” or “us”) today announced that its Chief Executive Officer, Chief Financial Officer, Chief Technology Officer, and Chairman have purchased additional shares of the Company’s common stock on market terms. The purchases were made in compliance with the Company’s internal trading policies and applicable securities regulations.
“Our Chairman and executive team are fully aligned and deeply invested in the long-term success of our business,” said Vishal Garg, CEO and Founder. “The team at Better is focused on scaling the adoption of our Tinman AI platform to increase efficiency and build value for our shareholders.”
“I am confident in Better’s ability to drive the business forward,” Harit Talwar, Chairman of the Better Board shared. “We appreciate the on-going support of Better’s shareholders. Our personal investments reflect our conviction in the Company’s strategy and our commitment to creating long-term shareholder value.”
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, leveraging Tinman MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo and Non-QM mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok and @tinmanAI on X.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260408843762/en/
MEDIA RELATIONS
Email: comms@better.com
Original: Better Home and Finance CEO, Chairman and Executive Team Purchase BETR Stock
US Market News
3月前
Better Home & Finance Holding Company Reports $1.64B in Preliminary Funded Loan Volume for Q1 2026, Exceeding Prior Guidance; Strengthens Balance Sheet and Announces Strategic Actions to Drive Profitable GrowthApril 8, 2026 9:25 AM
Business Wire
Summary of Announcements:
Q1 2026 preliminary Funded Loan Volume of $1.64B, exceeding prior guidance of $1.40B to $1.55B
Oversubscribed Public Offering of $60M of Class A common stock with over-allotments of up to $9M for an anticipated total of $69M; terminating the At-The-Market (ATM) program
$25M of annualized cost reductions beginning Q2 2026
U.K.-based bank: classified as held for sale effective Q1 2026; active sale process underway
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better,” the “Company,” “our” or “we”), the AI-native mortgage and home equity finance company, today reported $1.64B in preliminary funded loan volume for Q1 2026 exceeding prior guidance; strengthens balance sheet and announces strategic actions to drive profitable growth.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260408319615/en/
“I am pleased to report that our Q1 2026 Funded Loan Volume of $1.64 billion exceeded our guidance and increased by 89% year-over-year. March Funded Loan Volume reached $671 million, reflecting accelerating momentum despite the quarter being seasonally softer for purchase volumes. Our decision to raise capital, simplify our international footprint, and reduce costs will position the Company to act decisively on high-conviction growth opportunities without reliance on the equity capital markets for the foreseeable future,” said Vishal Garg, Chief Executive Officer.
Capital Raise; Termination of ATM:
The Company announced a Public Offering of Class A Common Stock of $60M (the “Offering”) with over-allotments of up to $9M totaling an anticipated total of $69M before underwriting discounts and commissions. The Offering price reflects an approximate 3.9% discount to the Company’s 30-day volume weighted average price of the Company’s Class A common stock as of 4/7/26. After closing, the Company will terminate its At-The-Market (ATM) equity program.
Upon closing, the Company expects to have an estimated cash and cash equivalents balance of $130M, including $24M held at the Company’s U.K.-based bank, and does not anticipate the need to raise additional capital for the foreseeable future.
Cost Actions; Driving Path to Profitability:
The Company also announced at least $25 million in annualized cost reductions, beginning in Q2 2026. These actions reflect a disciplined review of the Company’s cost structure as its AI-driven operating model continues to scale.
The Company has clear line of sight to its target of Adjusted EBITDA breakeven by the end of Q3 2026 as Tinman AI Platform volume expands and grows as a percentage of Loan Volume.
“Strengthening our balance sheet, reducing costs, and focusing our business reflect our commitment to building a more efficient company positioned for long-term growth,” said Chief Financial Officer Loveen Advani.
U.K.-Based Bank Active Sale Process:
The Company’s U.K.-based bank is currently in an active sale process and will be classified as held for sale effective Q1 2026. The Company believes the bank is well capitalized, does not anticipate any additional funding requirements, and views the sale as an important step in simplifying operations and unlocking shareholder value.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, leveraging Tinman MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo and Non-QM mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok and @tinmanAI on X.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding funded loan volume, amount and timing annualized cost savings reduction, the Offering, termination of the ATM, cash and cash equivalents balance, potential sale of the Company’s UK-based bank, the Company’s reliance on equity financing or capital needs . In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "target," or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties included in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as any such factors may be updated from time to time in the Company's other filings with the SEC, which is available, free of charge, at the SEC's website at www.sec.gov. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260408319615/en/
For Investor Relations Inquiries please email: ir@better.com
Original: Better Home & Finance Holding Company Reports $1.64B in Preliminary Funded Loan Volume for Q1 2026, Exceeding Prior Guidance; Strengthens Balance Sheet and Announces Strategic Actions to Drive Profitable Growth
US Market News
3月前
Better Home & Finance Holding Company Announces Pricing of Public Offering of Class A Common StockApril 8, 2026 6:34 AM
Business Wire
Better Home & Finance Holding Company (Nasdaq: BETR) (“Better,” the “Company,” “we” or “our”), a leading AI-powered homeownership company, today announced the pricing of an underwritten public offering (the “Offering”) of the 1,875,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”), for total expected gross proceeds of approximately $60 million before underwriting discounts and commissions and offering expenses.
The Company has also granted the underwriters a 30-day option to purchase up to an additional 281,250 shares of Class A Common Stock to cover over-allotments, if any. All shares of Class A Common Stock to be sold in the Offering are to be sold by the Company.
The Offering is expected to close on April 9, 2026, subject to the satisfaction of customary closing conditions. The Company currently intends to use the net proceeds from the Offering for growth capital and general corporate purposes.
BTIG and Cantor are acting as Joint-Bookrunning Managers for the Offering.
This Offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-287335), including a base prospectus, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 16, 2025, as amended on June 4, 2025, and declared effective by the SEC on June 6, 2025. A prospectus supplement describing the terms of the Offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Copies of the prospectus supplement and the accompanying base prospectus, when available, may be obtained from BTIG, LLC, at 65 East 55th Street, New York, New York 10022 or by telephone at (212) 593-7555, or by email at ProspectusDelivery@btig.com and Cantor Fitzgerald & Co., at Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022, or by email at prospectus@cantor.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, leveraging Tinman MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo and Non-QM mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok and @tinmanAI on X.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “anticipates,” “believes,” “continue,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “predicts,” “projects,” “should,” “targets,” “will,” or the negative of these terms and other similar terminology. Forward-looking statements in this press release include, but are not limited to, statements regarding the anticipated closing of the Offering and the expected use of the proceeds from the Offering. Completion of the Offering is subject to numerous factors, many of which are beyond Better’s control, including, without limitation, market conditions, failure to satisfy customary closing conditions and the risk factors and other matters set forth in the Annual Report on Form 10-K filed with the SEC on March 13, 2026, prospectus supplement and accompanying prospectus included in the registration statement and the documents incorporated by reference therein. You are cautioned not to place undue reliance on any forward-looking statements made by Better’s management, which are based only on information currently available to it when, and speak only as of the date, such statement is made. Better does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260407053241/en/
BETTER HOME & FINANCE HOLDING COMPANY CONTACTS:
INVESTOR RELATIONS
ir@better.com
MEDIA RELATIONS
Email: comms@better.com
Original: Better Home & Finance Holding Company Announces Pricing of Public Offering of Class A Common Stock
US Market News
3月前
Better Mortgage Doubles Warehouse Facility to $350 Million, Expanding Total Warehouse Capacity to $750 MillionMarch 31, 2026 9:09 AM
Business Wire
Better Home & Finance Holding Company (NASDAQ: BETR) (“Better,” “Better Mortgage,” “the Company,” “we,” “our” or “us”) today announced the successful amendment of its warehouse credit facility with a leading global banking institution, doubling the Company’s capacity of that facility from $175 million to $350 million.
The expansion increases the Company's total warehouse capacity from $575 million to $750 million, significantly strengthening Better's ability to fund anticipated origination growth in the coming months.
"As we head into what we expect to be a significant period of origination growth over the next few months, expanding our total warehouse capacity to $750 million will help us meet increasing borrower demand," said Rob Wilson, Treasurer. "This amendment is a clear signal of the momentum we're building at Better."
“Our recently announced partnerships with Credit Karma, Coinbase and OpenAI are showing massive top of funnel growth in both originations and AI platform partners funnel. This combined with the continued onboarding of more great local mortgage lender teams at NEO Home Loans is setting Better up to have the best year in origination growth in the past 5 years," said Vishal Garg, CEO and Founder. "The continued support and confidence of our warehouse lending partners is reflective of the momentum the Company is experiencing."
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, leveraging Tinman MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo and Non-QM mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok and @tinmanAI on X.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding origination growth. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "target," or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties included in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as any such factors may be updated from time to time in the Company's other filings with the SEC, which is available, free of charge, at the SEC's website at www.sec.gov. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260331219481/en/
For Investor Relations Inquiries please email: ir@better.com
Original: Better Mortgage Doubles Warehouse Facility to $350 Million, Expanding Total Warehouse Capacity to $750 Million
US Market News
3月前
Better Home & Finance Holding Company Appoints Hugh Frater, Former Fannie Mae CEO and BlackRock Founding Partner, to Board of DirectorsMarch 25, 2026 4:30 PM
Business Wire
Veteran investor and housing finance leader brings deep capital markets and mortgage experience to support Better’s next phase of AI-driven growth through Tinman® AI Platform
Better Home & Finance Holding Company (NASDAQ: BETR) (“Better,” the “Company,” “we” or “our”), the leading AI-powered homeownership company, today announced that Hugh Frater, a founding partner and former managing director of BlackRock and former CEO of Fannie Mae, has been appointed to its Board of Directors, effective March 23, 2026. Frater brings decades of experience across capital markets, housing finance, and corporate leadership to help guide Better’s long-term strategy as it scales the Tinman AI Platform.
“Hugh has helped shape the modern housing finance system from the ground up. He’s exactly the kind of leader you want in the room when you’re rebuilding housing finance,” said Vishal Garg, CEO and Founder of Better. “From helping build BlackRock as a founding partner to growing Berkadia into a leading agency lending an investment sales platform to leading Fannie Mae through one of the most complex periods in mortgage history, he brings a level of perspective that very few people have. As we use AI to make the mortgage experience, faster, easier, and cheaper for Americans through Better’s AI-native Tinman Platform, Hugh’s experience will be critical at the board level in guiding our long-term strategy.”
Frater was a founding partner of BlackRock, where he helped build the global leader in fixed income and mortgage-backed securities into the world's largest asset management company. His early work played a key role in shaping the modern mortgage capital markets ecosystem, connecting institutional investors to US housing finance.
He later served as Chief Executive Officer and Board Member at the Federal National Mortgage Association (Fannie Mae) from 2018 to 2022, where he guided the organization through one of the most volatile periods in the US mortgage market. Prior to his role at Fannie Mae, he served as CEO and Chairman of Berkadia Commercial Mortgage LLC, a leading commercial and agency real estate lending and investment sales platform.
“The mortgage banking industry has long been ready for innovation, modern consumers are demanding it and Vishal and Better have consistently pursued that vision. Better’s combination of technology, data and automation has proven to make housing finance more efficient and affordable over the last decade,” said Frater. “To tackle the housing affordability crisis, we need a transparent system that connects capital with a variety of housing needs and does so at the best practical cost to consumers. Tinman provides a thoughtful approach to delivering more housing, and I’m excited to support the Board as their team continues to scale and deploy the platform to lenders, banks, and fintechs across the country.”
Frater currently serves on the boards of directors of Hippo Holdings Inc. (NYSE: HIPO), Vessel Technologies, Findigs, and the Bipartisan Policy Center. He has spent his career at the intersection of global capital, housing finance, and corporate leadership.
“We’re delighted to welcome Hugh to Better’s Board of Directors,” shared Harit Talwar, Chairman of the Better Board. “Better is well positioned to redesign the traditional mortgage process and deliver a superior customer experience as well as attractive returns to shareholders with its AI-native platform, Tinman. Hugh’s experience, insights and judgement will be invaluable along the Company’s journey.”
Frater’s appointment reflects Better’s continued focus on strengthening its board to guide the Company’s next phase of growth as an AI platform bringing the entire industry forward. Better reported its Q4 2025 earnings earlier this month, signifying rapid growth and technological progress:
In Q4 2025, Funded Loan Volume grew 56% year over year versus industry growth of 4%, while revenue grew 77% year over year
Tinman AI Platform Funded Loan Volume reached $646 million in Q4 2025, up 34% quarter-over-quarter, representing more than 40% of Funded Loan Volume, and exceeding prior guidance of $600 million
Tinman AI Platform partnerships launched in Q4 2025 grew approximately 100% month-over-month throughout Q4 in initial rollout to less than 1% of partners’ combined customer base of over 150 million customers
In Q4 2025, Better launched Credit Karma Home Loans powered by Better in partnership with Intuit Credit Karma, one of the largest consumer finance platforms in the United States with more than 140 million members using the Tinman AI platform
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, leveraging Tinman MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo and Non-QM mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok and @tinmanAI on X.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding Better’s platform, including the use of AI, and Mr. Frater’s contributions to Better’s board of directors. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include those risks discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as any such factors may be updated from time to time in the Company’s other filings with the SEC, which is available, free of charge, at the SEC’s website at www.sec.gov. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260325561421/en/
Media Contacts
Email: comms@better.com
Original: Better Home & Finance Holding Company Appoints Hugh Frater, Former Fannie Mae CEO and BlackRock Founding Partner, to Board of Directors
US Market News
3月前
Better Home & Finance Holding Company to Present at the 38th Annual ROTH ConferenceMarch 18, 2026 1:18 PM
Business Wire
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW), the AI-powered homeownership company, today announced that Chief Executive Officer, Vishal Garg, will be participating in a fireside chat at the 38th Annual ROTH Conference on Tuesday, March 24, 2026.
Better will host virtual 1x1 investor meetings throughout the day. To schedule a meeting with Better, please reach out to your ROTH representative. Garg will participate in a fireside chat at 2:00pm PT / 5:00pm ET.
The fireside chat will be a live webcast and guests can register to join using this link. Registration will also be available on the Company’s investor relations website at https://investors.better.com.
For those unable to listen to the live webcast, a replay will be available on the Company’s investor relation website shortly after the presentation.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Better has leveraged its industry-leading AI platform, Tinman®, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by answering questions, delivering approvals, comparing products, processing rate locks, and moving their loan application along to closing 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318947954/en/
For Investor Relations inquiries please email: ir@better.com
For Media Relations inquiries please email: comms@better.com
Original: Better Home & Finance Holding Company to Present at the 38th Annual ROTH Conference
US Market News
4月前
Better Announces First Conversational Credit Decision Engine in ChatGPT with OpenAIMarch 5, 2026 1:30 PM
Business Wire
With AI speed, mortgage and home equity loans can be approved in as little as 47 seconds saving lenders 21 days on average
Better.com (NASDAQ: BETR), the leading AI-native home finance platform today announced the launch of the first conversational credit decision engine for mortgages and home equity loans in ChatGPT with OpenAI. With the new app, users can connect to Better's Tinman® engine directly in ChatGPT for decision-ready information, so lending teams can confidently approve more loans faster and pass savings back to borrowers.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260305512251/en/
Through this launch, Better expands Tinman AI Platform access to the entire financial services industry using ChatGPT through a custom Model Context Protocol (MCP) connector built by Better’s engineering and AI teams in collaboration with OpenAI.
"The mortgage industry is riddled with inefficiencies that hurt consumers, as well as the loan officers and lenders who serve them. Big mortgage aggregators in the broker and correspondent channel charge what is essentially a 1-2% tax on each loan just to underwrite a mortgage and deliver it to an institutional investor. That ends now,” said Leah Price, General Manager of Tinman AI Platform. “Loan officer teams and banks can simply log into their ChatGPT Enterprise account, download the Tinman AI credit decision engine app, connect their guidelines, pricing, and CRM to process, underwrite, and fulfill loans nearly instantly; passing thousands of dollars in savings to consumers. We’ve put the full power of Tinman inside ChatGPT, a platform more than 100 million Americans already know and trust. This is a total game changer."
The MCP serves as the delivery layer, but real-time context is the true differentiator. The Tinman AI Platform maintains a real-time snapshot across every loan file at any given moment: facts, documents, actions, and any work needed to complete a file. The platform’s context engineering composes the exact context per request, and an underwriting orchestrator drives specialized agents to read docs, apply guidelines, and return a decision-ready status supported by a crisp, granular decision tree — capabilities that legacy LOS stacks are unable to replicate. This gives enterprise clients; mortgage companies, fintechs, and loan officer teams instant access to underwrite loans, powered by the industry’s richest context graph and learning data store.
Tinman is built on over a decade of institutional mortgage intelligence powering its machine learning engine and context graph. The platform has mapped individual mortgage processing and underwriting roles, with tasks, actions, rules, and decisions on more than $110 billion in funded loans, over 12 million recorded customer calls, and over 5 billions of pages of credit, income, home and asset level documentation, matched with the underwriting criteria and pricing parameters of over 45 different institutional buyers of mortgage and home equity loans totaling over 80% of the US mortgage market.
“We’re thrilled about our collaboration with OpenAI and the launch of the Tinman AI app in ChatGPT. We have full intention to continue building additional tools on OpenAI that will revolutionize the mortgage and home equity industry together. By reducing the time and cost to originate, we can dramatically lower rates for consumers and make mortgages more affordable for more American families. We’re just getting started,” said Vishal Garg, Founder & CEO of Better.
Tony Song, a Better Loan Officer ranked Top 100 in Dollar Volume, Purchase Volume, and Most Loans Closed by Scotsman Guide said, “The most important part of my day is delivering mortgage purchase commitment letters to homebuyers that need a mortgage to buy a home. With this launch, I’m already benefitting from the efficiencies, and I will be able to serve 10x more customers daily compared to what was possible with the traditional mortgage underwriting process.”
Loan officers using the Tinman AI app are able to take consumer application data and documents to fully underwrite a mortgage loan to the exact underwriting guidelines across the full product set and buy box of over 45 institutional mortgage investors including Fannie Mae, Freddie Mac, FHA, as well as major banks such as J.P. Morgan Chase, Truist, Citizens Bank, US Bank, Huntington Bank, and Fifth Third in as little as 47 seconds and a median of 2 minutes and 24 seconds compared to the average of 21 days for the traditional mortgage industry.
This launch expands Better’s collaboration with OpenAI, building on the company’s enterprise-wide deployment of ChatGPT across its 1,400 employees and its use of OpenAI’s multimodal models to power Betsy™, Better’s AI loan agent for consumer and enterprise customers.
“Better is embedding AI at the core of its business, helping its employees and lenders move faster from data to decision,” said Giancarlo “GC” Lionetti, Chief Commercial Officer at OpenAI. “With OpenAI, Better is not only advancing mortgage intelligence for the industry but also demonstrating how AI can transform how financial institutions operate from the inside out.”
We encourage you to watch the Tinman AI Credit Decision App demo: https://better.com/tinman. If you have ever gotten a mortgage as a consumer or work in the mortgage industry, it will change the way you think about home finance.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Better has leveraged its industry-leading AI platform, Tinman®, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by answering questions, delivering approvals, comparing products, processing rate locks, and moving their loan application along to closing 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @tinmanAI on X and @betterdotcom on Instagram and TikTok.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260305512251/en/
comms@better.com
Original: Better Announces First Conversational Credit Decision Engine in ChatGPT with OpenAI
US Market News
4月前
Better Home & Finance Holding Company to Announce Fourth Quarter and Full Year 2025 ResultsMarch 2, 2026 4:30 PM
Business Wire
Better Home & Finance Holding Company (NASDAQ: BETR), the AI-native mortgage and home equity finance company, intends to announce its fourth quarter and full year 2025 results before market open on Friday, March 13, 2026. A conference call and webcast to discuss those results will be held the same day at 8:30am E.T.
Details to register for the conference call and live webcast will be available on the Company’s investor relations website located at investors.better.com. Please join the webcast at least 10 minutes prior to the start time. A replay will be available on the Company’s investor relations website shortly after the call ends on March 13, 2026.
* Webcast Details *
Event Title: Better Home & Finance Holding Company Fourth Quarter and Full Year 2025 Results
Event Date: March 13th, 2026, at 8:30am ET Eastern Time (US and Canada)
Attendee Registration Link:
https://events.q4inc.com/attendee/146947624
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. In January 2023, Better launched "One Day Mortgage,” allowing eligible customers to go from click to Commitment Letter within 24 hours. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok.
Source: Better Home & Finance Holding Company
View source version on businesswire.com: https://www.businesswire.com/news/home/20260302779330/en/
Media Contacts:
Email: ir@better.com
Original: Better Home & Finance Holding Company to Announce Fourth Quarter and Full Year 2025 Results
US Market News
4月前
ElevenLabs and Better.com Showcase Success of AI Loan Agent, Betsy™, at Scale in Financial ServicesFebruary 25, 2026 9:31 AM
Business Wire
Better partners with ElevenLabs to make AI assisted loans accessible through the first voice-based loan agent built exclusively for the mortgage industry
ElevenLabs, the AI audio research and deployment company, released a new enterprise case study highlighting how Better.com, a leading AI-native home finance company, uses ElevenLabs Agents to automate mortgage conversations at scale. This empowers Better.com to provide significant cost savings, higher conversion, and a faster borrower experience while meeting the demands in a highly regulated industry.
Better.com uses ElevenLabs Agents as the voice interface for Betsy™, its generative AI loan agent, to handle nearly 100,000 mortgage-related phone calls per month, automating 35.5% of borrower inquiries end to end. In 2025 alone, Betsy placed 1.89 million inbound and outbound calls, saving Better’s loan officers more than 1,666 hours of human time each month.
“We built Better to be AI-native from day one. By combining Tinman® with ElevenLabs’ technology, we’ve scaled the first voice-base AI loan agent built exclusively for the mortgage industry,” said Vishal Garg, Founder and CEO of Better.com. “AI-voice automation through Betsy™ has allowed us to move routine customer interactions out of manual workflows, helping us reduce the cost to originate while offering borrowers immediate and 24/7 support.”
These gains have allowed Better’s licensed consultants to shift away from repetitive follow-up tasks and focus on higher-value advisory work - helping borrowers navigate complex scenarios and make informed financial decisions.
Measurable Impact on Mortgage Economics
According to the case study, Better’s use of AI voice automation has delivered material business results across its consumer mortgage business, including:
41% reduction in average cost to originate
100% increase in lead-to-lock conversion in 2025
More competitive borrower rates, driven by operational efficiencies passed directly into pricing
By moving routine eligibility checks, pricing conversations, and rate locks to an AI voice agent, Better has improved both borrower experience and unit economics without compromising compliance.
Better initially launched its voice experience using a speech-to-speech model but transitioned to a modular pipeline combining speech-to-text, a large language model, and text-to-speech with ElevenLabs Agents to achieve lower latency, greater control, and higher reliability. A key factor in selecting ElevenLabs was platform stability under high tool-call volume. In production, a single borrower conversation may trigger dozens of internal system calls. For financial services workflows that span multiple systems and regulatory checkpoints, this level of reliability at this scale is critical.
Betsy™ is layered on top of Better’s proprietary loan engine, Tinman®, which computes pricing, eligibility, and approvals. ElevenLabs Agents serve as the controlled voice interface, communicating Tinman’s outputs to borrowers. All regulated steps - including credit pulls, authentication, rate locks, and transfers to human consultants - require explicit consent and adhere to state licensing requirements.
Orchestration runs entirely within Better’s environment through an MCP-based multi-agent system connected to Tinman tools, while calls terminate at a single ElevenLabs Agent endpoint. This architecture ensures determinations remain within Better’s systems, with ElevenLabs providing a consistent, natural voice experience.
“Supporting nearly 100,000 borrower interactions a month in a highly regulated space like mortgage requires more than a great voice model,” said Lauren Rothwell, Head of Agents Growth at ElevenLabs. “It requires reliability, accuracy, and full compliance - and that’s exactly what ElevenAgents is built to deliver. We’re proud to partner with Better to power a sophisticated AI agent that’s transforming financial services.”
Through the use of ElevenLabs Agents, Better now delivers a consistent, natural voice experience across every borrower interaction. Tinman’s scenario modeling enables exploration of options that would be difficult to compute manually, while the cloned “Betsy” voice ensures clarity and continuity across millions of conversations.
The full case study is available on ElevenLabs’ website: https://elevenlabs.io/blog/better.
About ElevenLabs
ElevenLabs is reimagining human-technology interaction through advanced AI research and products. ElevenAgents enables businesses to deploy reliable, intelligent agents at scale, with built-in integrations, testing, monitoring and enterprise-grade reliability. ElevenCreative empowers creators and marketers to generate and edit speech, music, images, and video in more than 70 languages. Both platforms are powered by ElevenLabs’ industry-leading AI research. The company pioneered the first human-like AI voice model and has since expanded its capabilities across dubbing, transcription, music, sound effects and speech-to-speech technologies.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman™ allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. In January 2023, Better launched "One Day Mortgage,” allowing eligible customers to go from click to Commitment Letter within 24 hours. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260225955474/en/
Media Contacts
Email: comms@better.com
Original: ElevenLabs and Better.com Showcase Success of AI Loan Agent, Betsy™, at Scale in Financial Services
US Market News
4月前
Better and Framework Ventures Announce Strategic Partnership to Enable Deployment of $500MM into Better via Sky’s Stablecoin EcosystemFebruary 23, 2026 5:00 PM
Business Wire
Better will join Sky as a “Star”, bringing a powerful new source of yield on-chain for the world’s third largest stablecoin.
Better Home & Finance Holding Company (NASDAQ: BETR), the AI-native mortgage and home equity finance company, and Framework Ventures, a leading SF-based venture capital firm with a background in the decentralized finance ecosystem, today announced they have agreed to launch a strategic partnership that aims to provide $500MM in credit via integration of Better into the Sky stablecoin ecosystem as the home finance “Star” within the Sky ecosystem. Sky allocates capital across various “Stars” spanning multiple sectors; these entities deploy the capital to generate yield and direct the resulting earnings back into the Sky ecosystem. Better intends to integrate into the Sky ecosystem through Obex, a Sky-focused incubator administered by Framework Ventures, and backed by a $2.5 billion commitment from Sky.
“We believe that Better’s integration into the Sky ecosystem could be a win for all parties: with this capital injection, we think Better will be able to rapidly scale origination and potentially lower mortgage rates for consumers in the long term. At the same time, bringing Better on as a Star would give the Sky stablecoin ecosystem a powerful and differentiated new source of yield,” said Vance Spencer, Co-Founder of Framework Ventures. “We view real-world assets as one of the most important frontiers in decentralized finance, and government-backed conforming mortgages are one of the largest real world asset classes in the world, comprising over $12 trillion in the United States alone. We were impressed by Better’s Tinman AI platform and its capability to originate mortgage and home equity assets, along with the company’s broader track record of originating more than $110 billion in loans.”
Better would retain full responsibility related to underwriting and loan origination. The Star would provide an alternative source of warehouse funding for Better, providing access to diversified capital on attractive terms that would improve funding efficiency and pass savings along to customers. Similar to traditional warehouse funding, the structure would be secured by originated assets and would not increase Better’s balance sheet risk profile.
“We believe tokenization has the potential to unlock efficiency and global liquidity in housing finance, one of the largest asset classes in the United States,” said Vishal Garg, Founder and CEO of Better. “We will be the first conforming mortgage originator to deploy tokenized capital to responsibly support mortgage assets at institutional scale, and in doing so lower funding costs for both Better and its Tinman AI platform partners, and their consumers by over 100 bps per year by integrating into the Sky Ecosystem. The full realization of our plan will translate into potentially sub 5% interest rates for Better’s customers when the rest of the industry is charging over 6%, in addition to significantly lowering the capital requirements for Better to finance its future growth plans as it scales from $500 mm per month to over $1 billion per month in originations in 2026. All this while providing token holders with yields well above current Stablecoin yield or rewards with superior credit risk. We’re just getting started.”
The adoption of tokenized financial assets has continued to accelerate across markets. Recent data shows that tokenized US treasury funds grew 80% to $7.4 billion in 2025 with funds run by BlackRock piloting tokenized products.¹ McKinsey estimates the market for tokenized mutual funds, bonds and exchange traded notes could grow to $2 trillion by 2030.² The companies believe home finance represents the next meaningful asset class to benefit from the evolution of tokenization from Treasuries into other Real World Assets.
Sources
¹ Source: Financial Times, “Investors pile into tokenised Treasury funds,” 2024
² Source: McKinsey & Company, “From ripples to waves: The transformational power of tokenizing assets,” 2025
Disclaimer
References in this press release to “Better,” the “Company,” “we,” “our,” or “us” refer to Better Home & Finance Holding Company and its consolidated subsidiaries, unless indicated otherwise. References to “Framework” refer to Framework Ventures and its consolidated subsidiaries, unless otherwise indicated.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $100 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan assistant built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok.
About Framework Ventures
Framework Ventures is a prominent SF-based VC firm known for its early investments in several multi-billion dollar protocols across the DeFi and blockchain industries. In 2022, the firm raised $400M for its third fund and has since significantly expanded into additional maturing verticals like AI, energy, stablecoins, tokenization, and more. To learn more, visit https://framework.ventures/.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding Better’s relationship with Framework, including the Token Facility and the other plans and intentions of Better and Framework described in this press release. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include those discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as any such factors may be updated from time to time in the Company’s other filings with the SEC, including without limitation, the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, which is available, free of charge, at the SEC’s website at www.sec.gov. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
Disclosures: Information contained herein is accurate as of the date of publication and is subject to change. This release is not investment advice, and readers should not construe the discussion of any particular organization as a recommendation to purchase or sell or a solicitation of an offer to buy or sell any securities or digital assets related to such organization.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260223677636/en/
Media Contact: comms@better.com
Original: Better and Framework Ventures Announce Strategic Partnership to Enable Deployment of $500MM into Better via Sky’s Stablecoin Ecosystem
US Market News
4月前
Better Home & Finance Holding Company Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)February 18, 2026 4:30 PM
Business Wire
On February 18, 2026, Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better” or the “Company”) announced that, on February 11, 2026, the Compensation, Corporate Governance and Nominations Committee of the Board of Directors (the “Board”) of Better granted inducement awards to Better’s new Chief Financial Officer, Loveen Advani, Better’s new Chief Operating Officer, Barry Feierstein, and 22 additional new employees under the Better Home & Finance Holding Company 2026 Inducement Incentive Plan (the “Inducement Plan”).
Mr. Advani’s awards cover (1) 110,000 restricted stock units underlying shares of the Company’s Class A common stock (“RSUs”), which will vest in twelve (12) equal installments, with the initial installment vesting on June 30, 2026 and the remainder vesting on the first business day of each fiscal quarter thereafter, and (2) 100,000 performance-based RSUs, which will vest upon the achievement of both (i) certain Company stock price and revenue goals, as applicable, during a performance period beginning October 1, 2025 and ending December 31, 2030 (the “Performance Period”) and (ii) time-vesting criteria over the four-year period described below, subject to Mr. Advani’s continued employment through the applicable vesting dates, and will be subject to certain accelerated vesting events, including as provided for in Better’s Executive Change in Control Severance Plan.
Mr. Feierstein’s award covers 75,000 performance-based RSUs, which shall vest upon the achievement of both (i) certain stock price and revenue goals, as applicable, during the Performance Period and (ii) time-vesting criteria over the four-year period described below, subject to Mr. Feierstein’s continued employment through the applicable vesting dates, and will be subject to certain accelerated vesting events, including as provided for in Better’s Executive Change in Control Severance Plan.
The inducement grant also includes awards issued to 22 additional new employees, which consisted of an aggregate of 103,308 time-based RSUs, with 25% of the RSUs vesting on the first anniversary of the employee’s start date and the remainder vesting in equal quarterly installments over the following three years, subject to the employee’s continued employment through the applicable vesting date.
The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees or directors of Better, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with the Company, pursuant to Nasdaq Listing Rule 5635(c)(4). The Inducement Plan was adopted by the Board on February 11, 2026.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan assistant built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. In January 2023, Better launched "One Day Mortgage,” allowing eligible customers to go from click to Commitment Letter within 24 hours. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok.
Source: Better Home & Finance Holding Company
View source version on businesswire.com: https://www.businesswire.com/news/home/20260218459789/en/
For Investor Relations Inquiries please email: IR@better.com
Original: Better Home & Finance Holding Company Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
US Market News
5月前
Better Mortgage Renews $175 Million Warehouse Facility on Improved Terms; Reaffirms Volume and Earnings GuidanceJanuary 27, 2026 2:09 PM
Business Wire
Better Home & Finance Holding Company (NASDAQ: BETR) (“Better.com”) today announced the successful amendment and renewal of a $175 million warehouse credit facility with a leading global banking institution, further strengthening liquidity, enhancing operational flexibility, and improving financing terms.
The amended facility features reduced cash deposit requirements, expanded leverage capacity, and higher advance rates on certain non-GSE loans, materially reducing ongoing equity capital requirements.
In addition, Better.com reaffirmed its previously disclosed guidance, given in November 2025, that monthly origination volumes are expected to exceed $1 billion by May 2026, representing an increase of more than 100% compared to the Company’s average monthly origination volume of approximately $400 million for the quarter ended September 30, 2025. The Company also reaffirmed its expectation of achieving adjusted EBITDA profitability by the end of the third quarter of 2026.
“We are grateful for the continued support of our warehouse lenders as we accelerate our business evolution through the deployment of Tinman AI across the mortgage ecosystem,” said Rob Wilson, Treasurer. “These enhancements materially improve equity capital efficiency by significantly reducing the required amount of equity capital for the facility. We expect this to be the first of multiple initiatives to expand warehouse capacity in a more capital-light manner, reflecting warehouse lender confidence in our underwriting discipline and the strength of the Tinman AI platform.”
“In less than three months since launch, our new partnership channels are already generating top of funnel lead flow in their respective product areas at levels comparable to our more than ten-year-old direct-to-consumer channel,” said Vishal Garg, Founder and CEO. “We remain focused on delivering an exceptional customer experience as we continue to evolve the business, driven by the rapid adoption of our Tinman AI platform through strategic partnerships.”
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $100 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman™, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman™ allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan assistant built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. Better won the 2025 Fintech Breakthrough Awards for Digital Mortgage Innovation, the 2025 Banking Tech Award for Digital Mortgage Innovation, and was named Best Online Mortgage Lender by Forbes and Best Mortgage Lender for Affordability by WSJ in 2023, ranked #1 on LinkedIn’s Top Startups List for 2021 and 2020, #1 on Fortune’s Best Small and Medium Workplaces in New York, #15 on CNBC’s Disruptor 50 2020 list, and was listed on Forbes FinTech 50 for 2020. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @betterdotcom on Instagram and TikTok.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding capital-light initiatives, new partnership channels, monthly origination volume and adjusted EBITDA profitability. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include: our ability to operate under and maintain or improve our business model; the effect of interest rates on our business, results of operations, and financial condition; our ability to expand our customer base, grow market share in our existing markets and enter into new markets; our ability to respond to general economic conditions, particularly elevated interest rates and lower home sales and refinancing activity; our ability to restore our growth and our expectations regarding the development and long-term expansion of our business; our ability to comply with laws and regulations related to the operation of our business, including any changes to such laws and regulations; our ability to achieve and maintain profitability in the future; our ability and requirements to raise additional financing in the future; our estimates regarding expenses, future revenue, capital and additional financing requirements; our ability to maintain, expand and be successful in our strategic relationships with third parties; our ability to remediate existing material weaknesses and implement and maintain an effective system of internal controls over financial reporting; our ability to develop new products, features and functionality that meet market needs and achieve market acceptance; our ability to retain, identify and hire individuals for the roles we seek to fill and staff our operations appropriately; the involvement of our CEO in litigation related to prior business activities, our business activities and associated negative media coverage; our ability to recruit and retain additional directors, members of senior management and other team members, including our ability in general, and our CEO’s ability in particular, to maintain an experienced executive team; our ability to successfully manage our international and banking operations our ability to maintain and improve morale and workplace culture and respond effectively to the effects of negative media coverage; and our ability to maintain, protect, assert and enhance our intellectual property rights; the volatility in the market price of our Class A common stock, including volatility due to potential short squeezes; high degrees of public and social media coverage by third parties; and future sales of substantial amounts of our Class A common stock, or the perception that such sales may occur. More information on these risks and other important factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price are discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as any such factors may be updated from time to time in the Company’s other filings with the SEC, including without limitation, the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, which is available, free of charge, at the SEC’s website at www.sec.gov. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260127834075/en/
For Investor Relations Inquiries please email: ir@better.com
Original: Better Mortgage Renews $175 Million Warehouse Facility on Improved Terms; Reaffirms Volume and Earnings Guidance
VortMax
9月前
For the win
Better Mortgage primarily makes money by originating and then selling its mortgage loans to investors on the secondary market. As a digital-first lender, Better uses its technology to streamline the mortgage process and lower operating costs, enabling it to offer competitive rates to borrowers.
Here is a more detailed breakdown of Better's revenue streams:
Selling loans on the secondary market: After Better originates and funds a mortgage, it quickly sells the loan to large institutional investors. These investors can include major banks like Chase and Wells Fargo, investment funds, and government-sponsored enterprises such as Fannie Mae. The investors pay a premium for the loan, which is where Better generates the bulk of its revenue.
Loan origination fees: Though Better was initially known for not charging lender fees, it introduced a flat loan origination fee of $995 in early 2023, partly in response to market conditions. This fee, paid by the borrower, also contributes to the company's revenue.
Affiliate services: Better has expanded its business to become a "one-stop shop" for home buyers. It makes money by brokering other related services, including:
Title services: Through its affiliate, Better Services, it offers title insurance and other settlement services.
Insurance: It runs Better Insurance, which generates commissions from partnerships with other insurance companies.
B2B partnerships: The company has a growing business-to-business (B2B) segment, licensing its technology platform, "Tinman," to other financial institutions. Nearly half of its business is now generated through partnerships with companies like Ally Bank.
Home equity products: Better offers home equity products such as Home Equity Line of Credit (HELOC) and cash-out refinancing. Demand for these products is a significant driver of the company's revenue growth.
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