BETTER HOME & FINANCE HOLDING Stock Price, News & Analysis

Better Home & Finance Holding Company (NASDAQ: BETR) has announced a $25 million share repurchase program approved by its board of directors. The company will be able to repurchase shares of Class A common stock through various methods, including open market purchases and privately negotiated transactions.

The program, which runs until December 31, 2025, will be executed based on market conditions, stock prices, and capital needs. The company maintains flexibility to modify, suspend, or discontinue the program at any time.

CEO Vishal Garg emphasized Better's position to benefit from financial services deregulation and their AI-driven mortgage solutions. The buyback aims to provide market liquidity and signals management's belief that the stock is undervalued given Better's capital position, B2B growth prospects, and technological advantages.

Better Home & Finance Holding Company (NASDAQ: BETR, BETRW) has announced its upcoming participation in two major investor conferences. The digital homeownership company's senior management will be presenting and hosting meetings at the ICR Conference in Orlando, FL on January 14, 2025, and The Microcap Conference in Atlantic City, NJ on January 29, 2025.

Better Home & Finance Holding Company (NASDAQ: BETR) has announced its participation in three upcoming investor conferences in December 2024. The company's senior management will attend the UBS Global Technology and AI Conference in Scottsdale, AZ (December 3-5), the Wolfe Research Small and Mid-Cap Conference virtually (December 5), and the Benchmark Discovery One-On-One Investor Conference in New York, NY (December 11). These conferences provide opportunities for the digital homeownership company to engage with investors and showcase its business.

Better Home & Finance reported Q3 2024 results with funded loan volume of $1.035 billion, up 42% year-over-year and 8% quarter-over-quarter. Revenue was $29.0 million with a net loss of $54.1 million. The company launched Betsy™, the first voice-based AI loan assistant for the US Mortgage Industry, and announced plans to diversify distribution channels through 'NEO Powered by Better'. Purchase loans comprised 71% of volume, HELOCs 16%, and refinance loans the remainder. The company ended Q3 with $480.1 million in cash and equivalents. Q4 loan volume is expected to be in line with Q3, considering seasonal factors.

Better.com (NASDAQ: BETR) has launched VA Interest Rate Reduction Refinance Loan (VA IRRRL) as part of its mortgage offerings. This streamlined refinancing solution, backed by the US Department of Veteran Affairs, targets eligible veterans, active-duty service members, and surviving spouses. The program allows refinancing of existing VA loans without appraisal, asset, or income verification requirements. Better.com has digitized the process, offering both online and loan officer guidance options, along with 24/7 AI support through Betsy™. The program features a fixed-rate option and a reduced 0.5% funding fee, which can be waived for certain disabled veterans and surviving spouses.

Better Home & Finance Holding Company (NASDAQ: BETR) has announced its participation in two upcoming investor conferences. The company's senior management will attend the Sidoti Microcap Conference, a virtual event scheduled for November 13 & 14, 2024, and the KBW Fintech Conference taking place in New York, NY on November 14, 2024.

Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) has announced plans to release its third quarter 2024 financial results before the market opens on Wednesday, November 13, 2024. The company will host a conference call and webcast to discuss these results on the same day at 8:30 a.m. ET.

Investors and interested parties can access the live webcast and conference call details through the company's investor relations website at investors.better.com. Participants 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.

Better.com, a leading digital homeownership company (NASDAQ: BETR), has launched Betsy™, the first voice-based AI Loan Assistant for the US mortgage industry. Betsy leverages AI and large language models to enhance operational efficiency and improve customer experience throughout the mortgage journey.

Built on Better.com's proprietary Tinman™ loan origination platform, Betsy can communicate with customers, answer inquiries, and collect application data in real-time. Tinman's centralized data environment allows Betsy to access and interpret information with full context, enabling accurate and detailed responses.

The company believes Betsy will catalyze growth by making Loan Officers, Processors, Coordinators, and Closers more efficient. Better.com has already reduced the average cost to sell and process a mortgage by over 35% compared to the industry average of $9,000 per loan, and expects further cost reductions with Betsy's implementation.

Better.com (NASDAQ: BETR) has launched its FHA Streamline Refinance program, a fully digital refinance option for qualified borrowers with existing FHA loans. This program aims to simplify the refinancing process by eliminating income verification and appraisal requirements, allowing faster processing. The FHA Streamline program enables borrowers to potentially lower monthly payments, reduce interest rates, shorten loan terms, or switch from adjustable-rate mortgages.

This launch strengthens Better.com's growing suite of homeownership solutions, following recent introductions of digital mortgage products like One Day HELOC™, Home Equity Loans, and VA Loans. The company aims to reduce traditional barriers for FHA borrowers and provide flexible financing solutions in anticipation of a more favorable interest rate environment.