BETR - Leadership updates

Veteran investor and housing finance leader brings deep capital markets and mortgage experience to support Better's next phase of AI-driven growth through Tinman® AI Platform Better Home & Finance Holding Company (NASDAQ:BETR) ("Better," the "Company," "we" or "our"), the leading AI-powered homeownership company, today announced that Hugh Frater, a founding partner and former managing director of BlackRock and former CEO of Fannie Mae, has been appointed to its Board of Directors, effective March 23, 2026. Frater brings decades of experience across capital markets, housing finance, and corporate leadership to help guide Better's long-term strategy as it scales the Tinman AI Platform. "H

Better Home & Finance Holding Company (NASDAQ:BETR, BETRW)) ("Better" or the "Company"), the leading AI-native home finance company and the first fintech to fund more than $110 billion in loan volume, welcomes Loveen Advani as Better's Chief Financial Officer, effective today. "Loveen is a seasoned strategic and operational finance leader with a strong track record of guiding companies through growth and transformation," said Vishal Garg, CEO and Founder of Better. "He has repeatedly demonstrated the ability to align strategy, capital allocation, and execution. His experience and leadership style will be instrumental as we execute our strategic priorities in our next chapter of anticipate

Better Home & Finance Holding Company (NASDAQ:BETR, BETRW)) ("Better" or the "Company") announced the appointment of Barry Feierstein as Better's Chief Operating Officer (COO). Mr. Feierstein will oversee Better's core Corporate Operations to help drive alignment and efficiency across the organization. "We're thrilled to have Barry on board as Better's new COO. His background brings a rare combination of entrepreneurial spirit and operational discipline that will strengthen Better's leadership team as we scale the company in 2026," said Vishal Garg, CEO and Founder of Better. "During this pivotal moment of growth, Barry will play a critical role in driving the execution of our strategic bu

Appointment reflects NEO's next phase of national expansion, connecting Better's technology platform with NEO's advisor-led model NEO Home Loans powered by Better (NASDAQ:BETR), has appointed Bri Lees as Head of Marketing, advancing the company's next phase of growth and deepening the connection between its advisor-led model and Better's digital platform. Lees will lead NEO's brand, communications, and marketing growth strategy—building the systems that connect how the company operates, shows up, and scales. Her focus is ensuring that the story and experience of working with NEO reflect the excellence of the advisors who represent it. A recognized voice in modern mortgage marketing, L

Respected industry leader, Juergens, leaves Guaranteed Rate for NEO to align with future-forward leadership and culture. NEO Home Loans powered by Better, a mortgage lender combining elite loan advisors with industry-leading technology to redefine the home financing experience, proudly announces the addition of Jim Juergens as Branch Leader, Distributed Retail. With nearly two decades of lending expertise, closing $43 million in production, and 91 closed loans last year, Juergens brings both high performance and a leadership philosophy deeply aligned with NEO's mission: helping clients build wealth, not just secure loans. Juergens' decision to join NEO Home Loans powered by Better ste

Industry veterans make rare move from loanDepot to NEO, aligning with a tech-forward, advisor-centric model built for long-term growth NEO Home Loans powered by Better, a mortgage lender combining elite loan advisors with industry-leading technology to redefine the home financing experience, proudly announces the addition of the Gustafson Team, a top-producing group that funded over $110 million in volume across 303 loans in 2024. Backed by nearly 30 years of mortgage experience, the high-performing team brings deep industry expertise and a long-standing track record of success to NEO's next-generation model. After spending the last 15 years at loanDepot, the Gustafson Team made the dec

Better Home & Finance Holding Company (NASDAQ:BETR) ("Better.com"), the AI-powered digital homeownership company, announced it has hired Leah Price to lead the Tinman™ AI Platform as it offers its technology platform and software to lenders across the country. Tinman® is an AI-driven automated rules-based decision engine and software platform that removes bottlenecks from the traditional home transaction process. The platform connects, automates, and optimizes mortgage origination and homeownership services to deliver an end-to-end solution for customers. This software platform and engine enables a range of loan and financial services, combining a point-of-sale system, CRM system, pricing

Retiring approximately $530 million of convertible notes through restructuring of existing convertible notes in exchange for $110 million of cash and $155 million of new debt Expected creation of approximately $265 million of pre-tax equity, excluding discounts on the debt Better has signed a new indenture for $155 million in new notes maturing December 31, 2028, with a 6% PIK annual interest rate Strategic rationale for transaction includes reducing debt overhang of the Company and improving balance sheet positioning and strategic optionality Management remains focused on driving towards profitability in the midterm. Continue leaning into Tinman™ technology and AI, with Betsy™ AI