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Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million

  • Better Home & Finance Holding Company released Week 5 of its Better 2.0 scorecard, reporting $34.1 million in annualized cost savings toward a $64.2 million target.
  • The company expanded its wholesale platform to include 43 brokerages, adding five new partners since the previous update.
  • Negotiations are underway for approximately $50 million in debt financing linked to the planned sale of Birmingham Bank, following five received term sheets.
  • Executive search firm Daversa Partners was engaged to lead the search for a new CEO.
  • Additional efficiencies in mortgage operations & corporate organization are projected to generate $3.7 million in annualized savings.
  • The company's AI-powered HELOC launched with a major existing partner, with plans to complete customer testing & scale volume.
  • Better will continue publishing weekly scorecards until it achieves Adjusted EBITDA breakeven.