BETTER HOME & FINANCE HOLDING Stock Price, News & Analysis

Better (NASDAQ: BETR) announced that Leah Price, vice president of the Tinman® AI Platform, was named one of Mortgage Banker’s Most Powerful Women in Mortgage Banking 2025. Price was recognized for leading the Tinman AI Platform, driving AI-driven efficiencies that reduce costs, accelerate loan closings, and broaden access to mortgage technology for lenders and brokers.

Her background includes leadership roles at the FHFA, where she led the Office of Financial Technology and organized the first federal TechSprint on Generative AI, and work at Fannie Mae and Figure Technologies. Better highlighted her role in advancing responsible AI and partner solutions.

Better.com (NASDAQ: BETR) has launched an innovative AI-driven Bank Statement HELOC program targeting the 36.2 million self-employed Americans and small business owners who traditionally struggle with HELOC approvals. The new program accepts bank statements instead of traditional W2s or tax returns for income verification.

Powered by Better's Tinman® AI platform, the program can provide instant underwriting decisions using 12 or 24 months of personal or business bank statements. The company reported that its HELOC customers consolidated $193 million in high-interest debt in Q2 2025, achieving average monthly savings of $1,120. Better's HELOC business has grown 150% year-over-year, with HELOCs averaging around 8% interest compared to credit card rates of 27%.

The program streamlines approvals for loans up to $400,000 without requiring physical appraisals, potentially capturing an additional $600 million in previously denied applications.

NEO Home Loans powered by Better (NYSE:BETR) has announced the addition of experienced brokers Daryn Fillis and Erik Gascho to their team. The brokers chose NEO over traditional broker models, citing advantages such as true pricing transparency, expanded loan options including Non-QM products, operational control with technology support, and a collaborative partnership model.

Both brokers emphasized that NEO delivers on promises often made but unfulfilled in the traditional broker channel, particularly regarding client service flexibility and business growth support. According to Ryan Grant, President of NEO Home Loans powered by Better, the company aims to provide advisors with both independence and resources to scale their businesses without compromise.

Better.com (NASDAQ: BETR) reported significant growth in its Home Equity Line of Credit (HELOC) business, with home equity products growing 166% year-over-year. The company's AI-native platform has helped customers pay off over $193 million in debt, with average monthly HELOC and HELOAN originations reaching $80 million in Q2 2025, representing 38% growth since Q1 2025.

Through Better's One Day HELOC™ and Tinman® AI platform, nearly 50% of customers used HELOC funds for debt consolidation, achieving average monthly savings of $1,120. Borrowers improved their credit scores by an average of 37 points. The company is now processing over $1 billion in annualized originations, with the platform delivering fully underwritten approvals within 24 hours.

NEO Home Loans powered by Better (NYSE:BETR) has announced the addition of the prestigious Gustafson Team, a high-performing mortgage group that generated $110 million in volume across 303 loans in 2024. The team's transition from loanDepot, where they spent 15 years, marks a significant shift in the mortgage industry towards technology-enabled platforms.

The Gustafson Team, with nearly 30 years of mortgage experience, chose NEO for its advisor-first philosophy, AI-powered infrastructure, and transparent compensation model. NEO's technology stack includes AI-powered lead intelligence, automated workflows, and the "Tinman" platform for digital experience optimization. The team will be based in Fort Collins, Colorado, focusing on expanding NEO's regional presence.

Better Home & Finance (NASDAQ: BETR), an AI-powered digital home ownership company, has announced its participation in the upcoming 2025 Zelman Housing Summit. The event will take place on September 11-12, 2025 in Boston, MA.

CEO Vishal Garg will represent the company and conduct investor meetings during both days of the summit. Interested investors can arrange meetings through their Zelman representatives.

Better Home & Finance (NASDAQ: BETR) announced that President and COO Chad Smith has been named a 2025 Orange County Executive Leadership Awards honoree by LA Times Studios. Since joining Better in 2024, Smith has led key initiatives including the launch of Betsy™, the industry's first voice-based AI loan assistant, and expanded Tinman™, a proprietary platform that reduces manufacturing costs by 35%.

Smith's recognition celebrates his role in reshaping the digital mortgage industry and his community involvement, including support for organizations like Big Brothers Big Sisters of Orange County. The award ceremony took place on August 22, 2025, at the Marriott Irvine Spectrum Hotel, with a feature to be published in the Los Angeles Times business magazine on September 21, 2025.

NEO Home Loans powered by Better (NYSE:BETR) announced that Division Leader Josh Mettle and his team achieved a significant milestone by helping 82 families secure homeownership in July 2025, marking their highest monthly performance in over three years.

The success is attributed to the implementation of proprietary technology solutions including the Tinman® AI Platform and Betsy™ AI assistant, which enabled over 90% of loans to be clear-to-close 10 days before month-end. The company's technology-driven approach, combined with their mission-driven culture, has attracted top real estate agents and business partners.

Better Home & Finance (NASDAQ: BETR) reported its Q2 2025 results, highlighting $1.2 billion in funded loan volume, a 25% year-over-year increase. The company generated revenue of $44 million, up from $32 million in Q2 2024, while narrowing its net loss to $36 million from $41 million year-over-year.

Key highlights include retirement of $521 million in convertible debt with Softbank, creating over $210 million in positive pre-tax equity value. The loan portfolio showed strong performance with purchase loans at $803 million (67%), HELOC at $240 million (20%), and refinance at $162 million (13%). The company aims to achieve Adjusted EBITDA breakeven by Q3 2026, driven by AI efficiencies through their Tinman AI Platform.