About Better.com
Better.com simplifies the home buying and refinancing process through a fully online platform. It serves homebuyers and homeowners looking to refinance their mortgages by providing quick loan estimates and pre-approvals, often within minutes. Unlike traditional lenders, Better.com does not charge origination fees or commissions, which can lead to significant savings for clients. The company generates revenue from the interest on loans and additional services like title and homeowners insurance. Better.com also offers related services such as Better Settlement Services for efficient communication and Better Real Estate to connect clients with trusted agents. The goal is to make the entire home buying experience seamless and transparent.
New York City, New YorkHeadquarters
2016Year Founded
$1,853MTotal Funding
IPOCompany Stage
Fintech, Real EstateIndustries
1,001-5,000Employees
Benefits
Competitive compensation & equity
Remote-friendly opportunities
Unlimited PTO
Fully funded health, dental, vision, and fertility benefits
401k plans
Up to 20 weeks paid parental leave
Free lunch, even if you’re remote
Risks
Backflip's innovative borrowing solutions pose a competitive threat to Better.com.
Tech layoffs may impact employee morale and Better.com's reputation.
Strategic shifts by new leadership could disrupt operations if not managed carefully.
Differentiation
Better.com offers a 100% online mortgage platform with no origination fees.
The company provides instant mortgage rates and pre-approvals, enhancing customer convenience.
Better.com integrates real estate and insurance services for a seamless home buying experience.
Upsides
Launch of Betsy(TM) enhances customer interaction with voice-based AI loan assistance.
FHA Streamline Refinance product simplifies refinancing, attracting more customers.
Hiring of Misti Snow and Chad Smith strengthens operational leadership and efficiency.
Funding
Total raised$1.85 B
Latest valuation$7.70 B
StageIPO
LATE VC
11/30/2021$750
$7.70 BSECONDARY
3/31/2021$500
$6.00 BSERIES D
10/31/2020$200
$4.00 BSERIES B
1/31/2017$15
$205.00 MSERIES A
5/31/2016$30
$150.00 M