"Better has built an AI-native and end-to-end mortgage origination platform to add value to the definition of homeownership by delivering home-equity decisions in as little as a day, Vishal Garg, CEO and founder of Better.com, said in a statement. Our HELOC borrowers are lowering their required monthly payments by about $1,000 on average; that's real relief for household budgets. Putting cash back into the hands of homeowners has never been better, faster, and easier than it is with our One Day HELOC."
"Better reported $80 million in monthly HELOC and home equity loan originations as of the second quarter of 2025 a 38% increase from its $60 million monthly run rate announced in February. If you kind of look at that at $80 million a month, that's nearly a quarter billion a quarter. We're approaching a billion-[dollar] run rate. We see consumer demand not waning, Smith said."
Better has built an AI-native end-to-end mortgage origination platform that delivers home-equity decisions in as little as a day. One Day HELOC borrowers lower required monthly payments by about $1,000 on average. Monthly HELOC and home equity loan originations reached $80 million in Q2 2025, a 38% increase from $60 million. That $80 million monthly run rate approaches a billion-dollar annualized level. Capital markets reopening enabled renewed HELOC activity since the financial crisis. A full-scale tech stack in one flow improves speed and accuracy. A likely Federal Reserve rate cut could reduce prime and lower HELOC payments.
Read at www.housingwire.com
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