Better, a digital mortgage lender, reported a $54.1M loss but saw loan volume surge 42% to over $1B.

Digital mortgage lender Better reported a $54.1 million loss in Q3 2024 but saw a 42% year-over-year increase in loan volume to over $1 billion. CEO Vishal Garg remains optimistic, attributing growth to AI investments and the hiring of NEO Home Loans' team to expand retail reach. Despite the loss, the company aims for long-term profitability and believes AI will handle 99% of mortgage tasks in the next decade.

November 13, 2024
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