Significant Revenue and Loan Volume Growth
Funded loan volume increased by 31% to $868 million and revenue grew by 46% to $33 million year-over-year, driven by strategic investments in technology and product innovation.
Retirement of Convertible Debt
Better successfully retired approximately $530 million of convertible notes, creating $200 million of positive pre-tax equity value, improving the balance sheet and setting a path for long-term value creation.
AI Platform Expansion
The Tinman AI platform and Betsy AI Loan Assistant showed significant progress, with 127,000 consumer interactions and an increase in AI underwriting from 40% to 75% of lock loans.
NEO Platform Success
NEO Powered by Better onboarded 115 loan officers, achieving $119 million in funded loans for March 2025, showcasing rapid growth and efficiency improvements.
B2B Software Partnership
Better signed its first bank partner to power their mortgage platform with Tinman AI software, expected to generate $4 million to $12 million in revenue annually from this partnership alone.