Significant Revenue and Loan Volume Growth
In the second quarter of 2025, Better Home & Finance Holding Company grew funded loan volume by 25% to $1.2 billion and revenue by 37% to $44.1 million year-over-year. This growth was driven by increased funding in HELOC, home equity loans, and refinance loans.
Advancements in AI Technology
The company reported a 30% increase in lead-to-lock conversion rate due to the implementation of Betsy AI, which now handles 600,000 consumer interactions per quarter and accounts for over 43% of locked loans.
Strong Performance of Tinman AI Platform
The Tinman AI platform showed strong growth with a 164% increase in loans funded through NEO Powered by Better compared to the previous quarter, generating a contribution profit of $6,172 per loan.
Improvement in Net Promoter Score
Adoption of Betsy AI increased the Net Promoter Score from 39 to 64, aligning with companies like Google and Apple.
Debt Restructuring and Financial Stability
The company completed a major debt restructuring with SoftBank, increasing GAAP equity by over $210 million and reducing corporate debt.