Business
Better Home & Finance Holding Company Announces First Quarter 2025 Results
Q1 Funded Loan Volume of $868 million, up 31% year-over-year Expect Q2 Funded Loan Volume to increase compared to Q1 driven by efficiencies in our Timan AI
About this update from Better Home & Finance Holding Company
[{"type":"text","content":"\n\nQ1 Funded Loan Volume of $868 million, up 31% year-over-year\n\n\nExpect Q2 Funded Loan Volume to increase compared to Q1 driven by efficiencies in our Timan AI platform\n\n\nExpect 2025 Funded Loan Volume to increase over 2024 driven by tailwinds from growth initiatives including NEO Powered by Better as part of our Tinman AI Platform channel\n\n\nDiversifying Better’s distribution channels by leveraging Tinman™ as a platform to power retail loan officers with early rapid growth in NEO Powered by Better, and as a software licensing platform for banks with the onboarding of our first bank partner to power their entire mortgage platform across consumer and wholesale channels via Tinman\n\n\nFurther expanded Betsy™, the first AI loan assistant for the US Mortgage Industry, into processing and underwriting workflows, to enhance customer experience, improve loan-team efficiency, and further accelerate our end-to-end technology platform Tinman™\n\n\nExpect further improvements to Adjusted EBITDA losses in 2025 as compared with 2024 due to a combination of AI driven improvements in conversion rates and efficiency gains and continued corporate cost reductions\n\n\nRemain focused on managing towards profitability in the midterm. Expect to drive growth through technology efficiency, diversified distribution channels, and optimized marketing, while balancing growth expenses with corporate cost reductions\n\n\n NEW YORK--(BUSINESS WIRE)--\nBetter Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better” or the “Company”), a New York-based digitally native homeownership company, today reported financial results for its first quarter ended March 31, 2025.\n\n“Deliberate and strategic efforts to scale AI across the enterprise and for our partners delivered strong year-over-year growth in Q1, especially given a challenging macroeconomic backdrop,” said Vishal Garg, CEO and Founder of Better. “Our continued technological advancements are designed to propel growth while driving cost and operational efficiency improvements as we advance toward profitability. Several initiatives are enabling this including expanding Betsy into processing and underwriting workflows, Tinman AI platform distribution diversification that is supercharging profitable growth for loan officers and powering banks by licensing Tinman software, and finally, efficien...