The article discusses Price's departure from the FHFA and Better.com's objective to enhance the mortgage lending process through its Tinman AI Platform. The platform aims to democratize advanced technology access for lenders, automating key functions and significantly reducing costs associated with loan origination. Despite having faced financial difficulties, Better Home & Finance reported its first profitable month in March 2025 since 2022, showcasing a potential turnaround in its business operations under Vishal Garg's leadership.
Better.com aims to democratize access to AI in mortgage lending, making advanced technology available to lenders of all sizes.
Vishal Garg noted that the technology has decreased the cost of originating a loan by more than 40% compared to the industry average.
The Tinman AI Platform automates decision making and optimizes mortgage origination and homeownership services, integrating various functions for efficiency.
March 2025 marked Better Home & Finance's first profitable month since 2022, signaling potential recovery despite prior financial challenges.
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