Better Home & Finance discloses agreements to increase monthly loan volume

In a regulatory filing, Better Home & Finance stated: “In September 2025, Better Home & Finance Holding Company executed two agreements that the Company expects will materially increase its monthly loan volume. The first agreement is a partnership with one of the top five U.S. personal financial services platforms, which serves over 50 million customers. Under this arrangement, the partner will offer mortgage financing products to its customer base through Better’s Tinman(R) AI platform. As the loan originator, Better expects this initiative will necessitate a significant increase in warehouse line capital to support growth in monthly loan production. The second agreement is with one of the top five non-bank mortgage originators in the U.S., which will utilize Better’s Tinman(R) AI platform to originate HELOCs and HELOANs for its customer base and mortgage servicing rights (MSR) portfolio. Better expects to provide additional details about these partnerships following their commercial launch. Better’s current warehouse facilities total $575 million of monthly capacity, with advance rates ranging from 85% to 98% depending on the product financed. To support anticipated growth, and as further described below, Better is implementing a $75 million “at-the-market” program for sales of shares of its Class A common stock, par value $0.0001 per share, which sales, if completed, are expected to significantly increase Better’s warehouse line capacity. If the entire $75 million available under the ATM Program is sold, the ATM Program is expected to provide sufficient funding to scale monthly originations from approximately $500 million today to as much as $2.0 billion per month.”