Better.com
Better is a fully digital mortgage lender, a nonbank home loan provider that was founded in 2014. Headquartered in New York City, Better Mortgage was founded by Vishal Garg, with the goal of reengineering the mortgage process by using algorithms and third-party data to digitally provide applicants a pre-approval in just a few minutes. It provides mortgage, real estate, title and homeowner’s insurance services for consumers.
Better Mortgage participates in the retail lending channel and is ranked as one of the 20 largest overall lenders in the country, as of the third quarter of 2021. Better Mortgage received the No. 1 ranking for LinkedIn’s top startups in 2020 and 2021, and Forbes ranked the company as the best online mortgage lender of 2021.
According to Better, around one-third of its borrowers are first-time homebuyers. Better says it works with borrowers who have student loan debt, and that it will take into account some out-of-the-ordinary income, such as restricted stock units, Airbnb earnings and self-employment.
Latest Posts
Aurora seeks third extension to deadline for merger with Better.com
Jan 20, 2023Aurora Acquisition Corp. wants to extend the deadline of its merger deal with Better.com again, dimming prospects for the deal to go through.
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These mortgage lenders are making major job cuts as production plummets
Nov 10, 2022 -
Ally Financial takes a big hit on Better.com investment
Oct 20, 2022 -
Better.com extends deadline to go public via SPAC
Aug 29, 2022 -
Better.com conducts another round of layoffs
Aug 26, 2022 -
Better.com partners with Palantir on new proprietary loan platform
Aug 17, 2022 -
SEC looking at Better.com over alleged securities law violations
Jul 14, 2022 -
Better.com and Vishal Garg violated securities and labor laws, former exec says
Jun 08, 2022 -
These mortgage lenders have cut jobs in 2022
Jun 06, 2022 -
Better.com, the rare lender to post huge losses in 2021
Apr 27, 2022 -
Rocket offers voluntary buyouts to 8% of workforce
Apr 26, 2022 -
Better.com institutes third major layoff
Apr 19, 2022