Vishal Garg
Vishal Garg is the found and chief executive officer of Better Mortgage, an online mortgage lender that he founded in 2016. The goal from the onset was to re-engineer the mortgage process after Garg and his wife, while pursuing their first mortgage, had a subpar experience due to “inefficient processes, outdated technology, and general frustration”. Better Mortgage is headquartered in New York City and its services include mortgage, real estate, title and homeowners insurance.
In December 2021, Garg temporarily stepped down from his position as CEO after laying off 900 Better.com employees over a video call that ultimately leaked and went viral. It wasn’t the first time that the Better Mortgage CEO made negative headlines for his leadership style… In 2020, he made news for calling his employees “a bunch of dumb dolphins”. During a deposition in 2013, Garg threatened a former business partner that he would “staple him against a wall and burn him alive”.
Moving forward, Better Mortgage is set to go public with a $7.7 billion valuation after backing from Softbank.
Latest Posts
Better launches voice-based AI loan assistant
Oct 17, 2024The AI loan assistant, dubbed Betsy, was built through Tinman, the company’s proprietary loan origination platform, where information and facts on loan applications are stored.
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Vishal Garg ruled to pay $5.5M in a decade-long lawsuit
Jul 05, 2024 -
Better improves loan volume by 25% but remains unprofitable in Q1
May 14, 2024 -
Better taps Chad Smith as new president and COO
May 10, 2024 -
Former top executive withdraws lawsuit against Better.com and its founder
May 08, 2024 -
Better narrows loss in 2023, aims to reach profitability soon
Mar 28, 2024 -
Digital lender Better.com launches one-day HELOC product
Mar 18, 2024 -
Better launches fully digital VA loan with no minimum down payment
Feb 15, 2024 -
Better delivers $340M loss in Q3, plans to keep trimming expenses
Nov 14, 2023 -
Better launches white-labeled mortgage-as-a-service platform
Nov 09, 2023 -
Federal judge dismisses Dodd-Frank Act violations, other claims against Better
Oct 04, 2023 -
Better faces $1.86M suit for breaching ad placement agreements
Aug 30, 2023