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After Downsizing, Better Says It Has The Cash To Weather $340M Q3 Net Loss

A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say. ....

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Better Cuts Mortgage Sales Team 2 Weeks After $500M SPAC Raise

The lender has become more reliant on its B2B channel, with partnerships alongside Ally Bank and American Express accounting for nearly half of its originations. ....

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Better closes merger with SPAC Aurora, unlocks $565M in fresh capital

The deal will unlock $565 million of fresh capital for Better, which lost $89.9 million in the first quarter of 2023. ....

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Better's 'One Day Mortgage' Product Lifts Off | Inman

New products and agent partnerships could help Better make the transition from a company known primarily for refinancing to a lender that serves homebuyers. ....

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Mortgage tech news roundup: August 19

Layoffs, a name change, a new CEO and more ....

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