Loan Volume Expansion

Better Home & Finance (BETR) outlined a roadmap to reach $1 billion in monthly loan volume “later in May,” driven by partnerships with Credit Karma Home Loans and a top‑three fintech. The company aims for adjusted EBITDA breakeven by the end of Q3 2026. BETR’s Tinman platform integrates CRM, LOS, pricing, eligibility and compliance, sold “by the outcome” per funded transaction; its OpenAI/ChatGPT‑enabled credit‑decision engine can issue approvals in as little as 47 seconds. The firm is moving from a pure direct‑to‑consumer model to working with brokers and retail lenders, which has lifted the D2C contribution margin to roughly $2,000 per loan (≈ 28 %). BETR is also exiting most U.K. operations, freeing north of $50 million in capital. Major banks and lenders, including Finance of America, have seen their annualized volume rise from $1.5 billion to $3.2 billion in 12 months under BETR’s platform. The company plans to enable full consumer mortgage and home‑equity experiences inside ChatGPT, transmitting personally identifiable information directly to BETR without storing it in large language models.