Earnings ·
Reports preliminary Q3 loan volume of $1.39B, up 15%, and announces $64M in annualized cost savings
BETRBetter Home & Finance Holding Co
Better Home & Finance Holding Company reported preliminary third-quarter total loan volume of $1.39 billion, a 15% increase from the prior year's $1.21 billion. Tinman AI platform volume surged 64% to $790 million, accounting for approximately 57% of total volume. The company also published its first Better 2.0 weekly management scorecard, detailing $13.2 million in annualized expense reductions implemented in the first week and targeting an additional $51 million over the next four weeks. These initiatives aim to advance toward Adjusted EBITDA breakeven. Better Home & Finance Holding Company is an AI-native mortgage and home equity finance platform.