Better Mortgage Renews $175 Million Warehouse Facility on Improved Terms; Reaffirms Volume and Earnings Guidance | BETR Stock News
Better Home & Finance Holding Company (NASDAQ: BETR) has renewed a $175 million warehouse credit facility, enhancing liquidity and operational flexibility. The new terms include reduced cash deposit requirements and higher advance rates on certain loans. The company reaffirmed its guidance, expecting monthly origination volumes to exceed $1 billion by May 2026 and adjusted EBITDA profitability by Q3 2026. CEO Vishal Garg highlighted the success of new partnership channels and the deployment of their AI platform, Tinman, in improving customer experience.
StockTitan·