Better Home & Finance Holding Company Stock Price, News & Analysis

Better (NASDAQ: BETR), the AI-powered digital home ownership company, has been selected as a finalist for the 2025 Inman Innovator Award in the "Most Innovative Use of AI" category for its Betsy™ AI agent, part of the Tinman® AI Platform.

Betsy™ manages 127,000+ monthly borrower interactions, resolving 80% without human escalation. The platform's implementation through NEO Home Loans has led to impressive results, with loan officers experiencing a 6x growth in loan volume and a 20% increase in gross margins within 90 days of launch.

The Tinman® AI Platform is now being offered as a modular, API-accessible solution for lenders and brokers, aiming to democratize access to advanced mortgage technology across the industry.

[ "Betsy™ AI handles 127,000+ monthly borrower interactions with 80% resolution without human intervention", "NEO Home Loans partnership achieved 6x loan volume growth and 20% gross margin increase in 90 days", "Platform expansion to third-party lenders and brokers opens new revenue streams", "Multiple industry awards and recognitions validate technology effectiveness" ]

Houlihan Lokey (NYSE:HLI) has announced the appointment of Kevin Ryan as Managing Director in its Capital Solutions Group, based in Miami. Ryan brings over 25 years of financial services experience, most recently serving as CFO of Better Home & Finance Holding Company (NASDAQ:BETR).

Prior to this, Ryan spent 20 years at Morgan Stanley in various leadership roles, including Head of Banks & Diversified Finance, Co-Head of Financial Services Equity & Debt Capital Markets, and Head of Structured Finance & Structured Solutions. He will focus on providing capital solutions to financial institutions for corporate and financial-sponsor-backed clients.

Houlihan Lokey's Capital Solutions Group currently operates with more than 170 professionals across 15 offices in six countries. In 2024, the group demonstrated significant activity, raising and advising on approximately $23 billion across 115 transactions.

Better Home & Finance (NASDAQ: BETR) announced that Founder & CEO Vishal Garg has received Inman's 2025 Best of Finance Award for the second consecutive year. The recognition highlights Garg's efforts to create a more efficient and customer-centric homebuying ecosystem.

Under Garg's leadership, Better has achieved several milestones including the launch of Betsy™, the first voice-based AI loan assistant for mortgages, the introduction of the Better Forever program waiving origination fees for loyal customers, and the launch of NEO Home Loans division. The company has reached a $2.5 billion run rate on originations within six months of launch.

Better (NASDAQ: BETR) has appointed Leah Price to lead its Tinman® AI Platform, marking a significant move to disrupt the mortgage software industry. Price, formerly of the Federal Housing Finance Agency (FHFA) where she led Fintech and AI initiatives, brings extensive experience from roles at Figure Technologies and Fannie Mae. Tinman® is an AI-driven automated platform that streamlines mortgage origination by combining point-of-sale, CRM, pricing engine, document processing, loan origination, and underwriting capabilities. The platform has demonstrated impressive results at Better.com, reducing origination costs by over 40% compared to industry averages and compressing loan officers' back-office costs by 80%. Better.com aims to offer this technology to other lenders, targeting a market that processed over 5 million mortgages on the Encompass platform in 2024.

Better Home & Finance (NASDAQ: BETR) reported its Q1 2025 results with funded loan volume of $868 million, up 31% year-over-year. Revenue reached $33 million, compared to $22 million in Q1'24. The company reported a net loss of $51 million and Adjusted EBITDA loss of $40 million.

Key highlights include: Purchase loans comprised 67% ($578M), HELOC 18% ($157M), and refinance 15% ($133M) of total volume. The company's D2C loan volume increased 71% year-over-year to $614 million. Their NEO Powered by Better platform onboarded 115 loan officers across 53 branches, generating $163 million in funded loan volume.

Better continues to expand its Tinman AI platform and Betsy™, the first AI loan assistant for the US Mortgage Industry, to enhance customer experience and improve efficiency. The company expects Q2 loan volume growth and further improvements to Adjusted EBITDA losses in 2025.

Better.com (NASDAQ: BETR) has announced a strategic partnership with Biz2Credit, a leading small business financing platform. Through this collaboration, Biz2Credit customers will gain access to additional financing options ranging from $50,000 to $500,000 via Better.com's Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) products.

Biz2Credit customers will receive a $250 price concession when funding through Better's partnership channel. The service will be accessible through a co-branded landing page on Better.com, featuring their Tinman™ proprietary loan origination platform. Biz2Credit, founded in 2007, has provided over $10 billion in financing to more than 250,000 small businesses through its Biz2X® digital platform.

Better Home & Finance (NASDAQ: BETR) has announced a major debt restructuring, retiring approximately $530 million of convertible notes in exchange for $110 million cash and $155 million of new debt. This transaction is expected to create about $265 million of pre-tax equity value.

The new senior secured notes, due December 31, 2028, will accrue interest at 6% annually, payable in cash or in-kind. The company continues to expand its AI mortgage platform, with its Tinman™ technology and Betsy™ AI Loan Assistant now handling over 115,000 customer interactions monthly. AI underwriting is projected to grow from 40% to over 75% of locked loans, while loan officer productivity has increased to over 3x the mortgage industry median.

Better Home & Finance Holding Company (NASDAQ: BETR) has scheduled its first quarter 2025 financial results announcement for Monday, May 12, 2025, after market close. The company will host a conference call and webcast to discuss the results on Tuesday, May 13, 2025, at 8:30 a.m. ET.

Interested participants can access the webcast through the company's investor relations website at investors.better.com. Attendees are advised to join the webcast at least 10 minutes before the start time. A replay of the call will be made available on the investor relations website shortly after the event concludes on May 13, 2025.

Better Home & Finance (NASDAQ: BETR) reported its Q4 and full-year 2024 results, showing significant growth despite market challenges. Full-year 2024 highlights include revenue of $108 million (up 50% YoY), funded loan volume of $3.6 billion (up 19% YoY), and a net loss of $206 million (improved from $536 million loss in 2023).

Q4 2024 performance showed revenue of $25 million, funded loan volume of $936 million (up 77% YoY), and a net loss of $59 million. The company's AI initiatives are showing progress, with Betsy AI handling 115k monthly customer interactions and Tinman AI reviewing 40% of loan files.

The company's 'NEO Powered by Better' initiative has onboarded 110 loan officers across 53 branches, serving approximately 220 families with $95 million in funded loan volume. Better expects 2025 funded loan volume to increase compared to 2024, focusing on technology efficiency and diversified distribution channels while managing towards profitability.