Better Home & Finance Holding Co (BETR) Q3 2024 Earnings Call Highlights: Strategic ... [Yahoo! Finance]
Better Home - Class A (BETR)
Last better home - class a earnings: 11/7 04:05 pm
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Source: Yahoo! Finance
Better Home & Finance Holding Co ( NASDAQ:BETR ) reported a significant improvement in nonal margin from 1.58% to 2.08% year-over-year. The company experienced substantial growth in loan volumes, with home equity loan volume increasing by 493% and refinance loan volume by 177% year-over-year. BETR launched Betsy, the first voice-based AI loan assistant in the US mortgage industry, enhancing operational efficiency and customer experience. The company is expanding its distribution channels by integrating Neo home loans, potentially tripling its addressable market. BETR successfully reduced its mortgage processing costs by over 35% compared to the industry average through automation and technology investments. Total expenses increased by approximately $9.5 million quarter-on-quarter due to growth-related expenses such as marketing and compensation. The company reported an adjusted EBITDA loss of approximately $39 million and a GAAP net loss of approximately $54 million for t
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BETR
News
- Better Home & Finance Holding Company Announces Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Better Home & Finance Holding Company Announces Third Quarter 2024 ResultsBusiness Wire
- Sidoti Events, LLC's Virtual November Micro-Cap ConferenceAccesswire
- Better.com Expands Mortgage Offerings for Veterans through VA Interest Rate Reduction Refinance Loan (VA IRRRL)Business Wire
- Better Home & Finance Holding Company to Participate in Upcoming Investor ConferencesBusiness Wire
BETR
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form SC
- 11/15/24 - Form 424B3
- BETR's page on the SEC website