Garg outlined three key priorities for the company's future: driving growth and seizing market opportunities, enhancing operational efficiency to cut expenses, and diversifying product distribution channels. Recently, Better achieved its first profitable month since 2022, assisted by a successful restructuring of $530 million in debt, which bolstered its equity value. The partnership with NEO Home Loans has also been pivotal, onboarding numerous loan officers and significantly increasing loan volumes monthly. The company projects substantial growth in originations and aims to replicate its success with NEO across other traditional mortgage originators.
Garg stated during the earnings call that the company prioritizes growth, operational efficiency, and diversification in distribution channels, successfully reaching profitability for the first time since 2022.
After restructuring $530 million in convertible debt, Better improved its balance sheet significantly, setting the stage for capitalization on market opportunities and enhancing profitability.
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