
"Better also reaffirmed guidance it first disclosed in November 2025, saying it expects monthly origination volumes to exceed $1 billion by May 2026. That would represent an increase of more than 100% from the company's average monthly origination volume of about $400 million for the quarter ended Sept. 30, 2025. The company reiterated its expectation of achieving adjusted EBITDA profitability by the end of the third quarter of 2026."
"In less than three months since launch, our new partnership channels are already generating top-of-funnel lead flow in their respective product areas at levels comparable to our more than 10-year-old direct-to-consumer channel, said Garg. We remain focused on delivering an exceptional customer experience as we continue to evolve the business, driven by the rapid adoption of our Tinman AI platform through strategic partnerships."
Better expects monthly origination volumes to surpass $1 billion by May 2026, over a 100% increase from roughly $400 million average monthly originations in the quarter ended Sept. 30, 2025. The company anticipates achieving adjusted EBITDA profitability by the end of the third quarter of 2026. An amended warehouse facility demonstrates continued lender support as the Tinman AI platform is expanded across the mortgage process, materially improving equity capital efficiency and reducing required equity for the facility. The company plans additional capital-light initiatives to expand warehouse capacity. Newly launched partnership channels are generating top-of-funnel lead flow comparable to the decade-old direct-to-consumer channel.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]