Better 2.0 Publishes Weekly Scorecard, Week 3: Mortgage Operations and Corporate Efficiency

Better plans further external vendor controls and is preparing a home equity line of credit partnership for launch.

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Actions to date expected to have delivered $22.9 million in annualized savings working toward the approximately $64.2 million target

NEW YORK--(BUSINESS WIRE)-- Better Home & Finance Holding Company (NASDAQ: BETR) today released Week 3 of its Better 2.0 weekly scorecard, a public record of the company’s turnaround published every Tuesday. This week’s scorecard focuses on mortgage operations and corporate efficiency with completed actions expected to deliver $6.6 million in annualized savings.

Since October 20, Better has realized additional headcount efficiencies in its sales and operations organization, expected to generate $5.2 million in annualized savings and has taken action to reduce third party vendor spend, expected to generate $1.4 million in annualized savings.

This week’s actions add $6.6 million to the $16.3 million completed in the first two weeks, bringing completed actions to $22.9 million in annualized savings. Better has also identified additional savings opportunities expected to deliver $1.7 million annually, as it works toward a target of approximately $64.2 million once all initiatives are fully implemented.

“Tinman AI was built to streamline sales and operation functions, improve customer response time, and strengthen conversion. Upon my return, we have rapidly expanded the capabilities of Tinman and have been able to implement an additional $5.2 million in savings just this week alone. Three weeks in, we’re at $22.9 million, and we’re going to keep showing you every number, one Tuesday at a time,” said Vishal Garg, Founder and Head of Product and Innovation at Better.

Priority	Progress between October 20 and October 27	Goals for October 28 to November 3
Mortgage operations and corporate efficiency	Actioned efficiencies in mortgage operations expected to deliver $5.2M in annualized savings Reduced corporate costs expected to deliver $1.4M in annualized savings	Additional savings opportunities identified, implementing stringent controls on external vendor usage, expected to deliver $1.7M annualized
Partnerships	5 new mortgage brokerages signed onto the wholesale platform, bringing total brokerages on platform to 38	Finalizing pre-launch activities to move large HELOC partnership into production and consumer launch Making progress with 3 other major partners and one new revived large-scale partnership
Capital markets strategy	174,007 shares repurchased in the last week as of Monday, October 26, bringing total repurchases to 911,725 shares, or 6.9% of Class A shares outstanding	Continue to evaluate capital allocation alongside cost savings

Better will continue to publish its management scorecard weekly until it achieves Adjusted EBITDA breakeven, reporting completed actions, outstanding commitments and changes to timelines.

About Better

Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy®, leveraging Tinman® MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming, FHA, VA loans, jumbo, and Non-QM mortgage loans as well as home equity loans. Better serves customers in all 50 US states.

For more information, follow @tinmanAI on X and @betterdotcom on Instagram and TikTok.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding financial results for the third quarter of 2026, including Adjusted EBITDA, Loan Volume and Total Net Revenues, cost reduction initiatives, the planned sale of the Company’s UK bank subsidiary, Birmingham Bank, and the leadership transition and related management changes. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include those risks discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as any such factors may be updated from time to time in the Company’s other filings with the SEC, which is available, free of charge, at the SEC’s website at www.sec.gov. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261027270665/en/

Media contact
Better Home and Finance
comms@better.com

Source: Better Home & Finance Holding Company

Key Terms

heloc financial

A HELOC (home equity line of credit) is a revolving loan that lets a homeowner borrow against the value built up in their house, similar to a credit card but secured by the property. It matters to investors because HELOCs affect banks’ lending volumes, interest income and credit risk, and high consumer use or defaults can signal stress in the housing market and consumer spending, influencing related stocks and bond valuations.

adjusted ebitda financial

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.