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 ...
About this update from Betterlife Pharma Inc.
[{"type":"text","content":"Better Home & Finance Holding Company Announces First Quarter 2025 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadl9 { padding-left: 45px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth2 { width: 2% }\n.bwwidth64 { width: 64% }\n \n\n\n\n\n Q1 Funded Loan Volume of $868 million, up 31% year-over-year\n \n\n Expect Q2 Funded Loan Volume to increase compared to Q1 driven by efficiencies in our Timan AI platform\n \n\n Expect 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\n Diversifying 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\n Further 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\n Expect 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\n Remain focused on managing towards profitability in the midterm. Expect to drive growth through technology efficiency, diversified di...