Brendan Michael McCarthy

Eric Hagen

Bose George

Reginald Smith

Will Brenneman

Abigail Rudder

Alexander Bond

Jake Kooyman

James Friedman

Michael Kaye

Steven Martin

- Better Home and Finance's CEO, Vishal Garg, outlined the company's vision to revolutionize the mortgage process by making it **cheaper, faster, and easier through technology**, utilizing a machine learning-driven matching engine and an AI layer (Tinman AI and Betsy).  **[0001835856_2183828_0]** **[0001835856_2183828_2]** 
- The company operates a **balance sheet-light model**, functioning as a network that connects consumers and partners with investors, thereby avoiding credit, prepayment, and liquidity risks.  **[0001835856_2183828_4]** 
- Better recently restructured its capital structure, retiring **$375 million of debt** for a **$110 million cash payment**, which resulted in **$265 million of positive equity**.  **[0001835856_2183828_5]**  The company's current warehouse capital of **$575 million** is expected to increase to **$2 billion** to support anticipated funding demand from new partnerships.  **[0001835856_2183828_5]** 
- Growth is driven by a B2B strategy, including the Neo platform for loan officers, which eliminates customer acquisition costs, and new partnerships leveraging its Tinman AI platform, with a strategic goal to achieve **positive adjusted EBITDA by 2026**.  **[0001835856_2183828_9]**  
- The Tinman AI platform, featuring Betsy AI, automates mortgage processing and underwriting, enabling a **one-day mortgage** with **42% of purchase commitments delivered in less than 15 seconds**, and boasts significantly lower error and delinquency rates compared to the industry average.  **[0001835856_2183828_2]** **[0001835856_2183828_7]** **[0001835856_2183828_8]**

Better Home and Finance CEO Discusses Technology, Strategy, and 2026 EBITDA Goal

- Better Home & Finance Holding Company (BETR) executed **two new agreements** in **September 2025** expected to **materially increase its monthly loan volume**.  **[1835856_0001628280-25-042995_betr-20250926.htm:1]**  These partnerships include one with a top five U.S. personal financial services platform and another with a top five non-bank mortgage originator, both utilizing Better's Tinman® AI platform.  **[1835856_0001628280-25-042995_betr-20250926.htm:1]** 
- To support the anticipated growth, the company implemented a **$75 million "at-the-market" (ATM) program** for sales of its Class A common stock on **September 26, 2025**, with proceeds intended for **general corporate purposes**.  **[1835856_0001628280-25-042995_betr-20250926.htm:1]** **[1835856_0001628280-25-042995_betr-20250926.htm:2]** 
- If the entire **$75 million** from the ATM Program is sold, it is expected to provide sufficient funding to scale monthly originations from approximately **$500 million** to as much as **$2.0 billion per month**.  **[1835856_0001628280-25-042995_betr-20250926.htm:1]**

Better Home & Finance Holding Co. Announces Strategic Partnerships and $75 Million ATM Program

Better Home & Finance Holding (BETR)