Business
Better Launches Wholesale HELOC and CES Platform to Offer Higher Approvals and Lower Interest Rates for Customers of Traditional Mortgage Brokers — Signs 10 Mortgage Broker Partners Leading the Industry Forward
New Wholesale Lending Platform powered by Tinman® AI will feature a wide credit matrix and fast digital application supported by AI-powered underwriting to
About this update from Better Home & Finance Holding Company
[{"type":"text","content":"\nNew Wholesale Lending Platform powered by Tinman® AI will feature a wide credit matrix and fast digital application supported by AI-powered underwriting to help Mortgage Brokers serve more customers with a Better process\n\n\n NEW YORK--(BUSINESS WIRE)--\nBetter Home & Finance Holding Company (NASDAQ: BETR) (“Better.com”), the leading AI-native home finance company, today announced the launch of their Wholesale HELOC and CES Platform powered by Tinman® AI. The platform supports both Home Equity Line of Credit (HELOC) and Closed End Second (CES) liens under one streamlined application flow giving originators flexibility to price out variable and fixed rate loans in minutes ranging in value from $50,000 to $500,000.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251021585161/en/\nBetter has originated over a billion dollars in HELOCs and CES liens directly to consumers and over $110 billion in mortgages through its direct to consumer, retail, and private label partnerships to date. Lenders have demonstrated that hundreds of billions of originations are achievable through broker channels, with over $300 billion originated in purchase mortgages by mortgage brokers last year. Better’s goal is to bring that type of scale, pricing, and product flexibility to the HELOC and CES market for mortgage brokers.\n\n\nThrough the launch of the Wholesale Platform, Better will reach an even wider group of originators allowing consumers to tap equity in their homes for home improvement costs or to consolidate expensive credit card debt and manage life’s expenses with lower monthly payments. Mortgage brokers will also have the flexibility to offer their customers debt-payoff, no-fee pricing and discounted rates with paid points. In addition, they’ll be able to offer 12 & 24-month bank statement approval options for small business owners across a variety of investor products and pricing — all in one easy flow without the need to switch from one lender to another.\n\n\n“Better’s Wholesale HELOC & CES Platform offers competitively low rates and zero origination fees. Unlike some platforms that deliver limited pull through, Tinman AI is powered to hand-hold, process, and underwrite more challenging customer files too; allowing for greater customer satisfaction and higher broker earnings...