Priority<\/b><\/p>\n<\/td>\n
Progress since October 13<\/b><\/p>\n<\/td>\n
Next milestone<\/b><\/p>\n<\/td>\n<\/tr>\n Marketing and sales efficiency<\/b><\/p>\n<\/td>\n \nMonitor savings expected from $13.2M in annualized reductions<\/p>\n<\/td>\n \nContinue to track and optimize<\/p>\n<\/td>\n<\/tr>\n AI sales workflows<\/b><\/p>\n<\/td>\n \n$250k of actions complete within two weeks; additional $750k monthly in works<\/p>\n<\/td>\n \nActions expected to deliver $3M annualized; progressing toward $12M annualized goal<\/p>\n<\/td>\n<\/tr>\n Corporate cost reductions<\/b><\/p>\n<\/td>\n \n$2.25M in reductions within three weeks, $27M annualized<\/p>\n<\/td>\n \nActions expected to deliver $3M annualized initiated; progressing toward $27M annualized goal<\/p>\n<\/td>\n<\/tr>\n Professional services<\/b><\/p>\n<\/td>\n \n$1M in reductions within four weeks<\/p>\n<\/td>\n \nActions expected to deliver $3.36M annualized initiated; progressing toward $12M annualized goal<\/p>\n<\/td>\n<\/tr>\n Tinman and HELOC expansion<\/b><\/p>\n<\/td>\n \nFinalize revised launch milestones (four of five large fintech partners viable). 33 Mortgage brokers signed onto wholesale platform. Prior broker portal strategy pivoted to API driven pricing and eligibility launching in November driving demand from broker community.<\/p>\n<\/td>\n \nExecuting on launch one partner, legal agreement in negotiation. Making progress with three other partners. 10+ brokers driving volume and remainder being worked with to make Better Wholesale first choice<\/p>\n<\/td>\n<\/tr>\n Share repurchase program<\/b><\/p>\n<\/td>\n \n837,718 shares, representing 4.4% of the total shares outstanding, and 6.2% of the Class A shares, were repurchased by Better in the last week as of Monday, October 19.<\/p>\n<\/td>\n \nContinue share repurchases in conjunction with cost savings being realized<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nBetter will continue to publish its management scorecard weekly until it achieves Adjusted EBITDA breakeven, reporting completed actions, outstanding commitments and changes to timelines. Next week\u2019s scorecard will focus on operations efficiency and cost cutting.<\/p>\n About Better<\/b><\/p>\n \nBetter Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman\u00ae, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman\u00ae allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy\u00ae, leveraging Tinman\u00ae MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24\/7\/365. Better\u2019s mortgage offerings include GSE-conforming, FHA, VA loans, jumbo, and Non-QM mortgage loans as well as home equity loans. Better serves customers in all 50 US states.<\/p>\n \nFor more information, follow @tinmanAI on X and @betterdotcom on Instagram and TikTok.<\/p>\n Forward-looking Statements<\/b><\/p>\n \nThis press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding financial results for the third quarter of 2026, including Adjusted EBITDA, Loan Volume and Total Net Revenues, cost reduction initiatives, the planned sale of the Company\u2019s UK bank subsidiary, Birmingham Bank, and the leadership transition and related management changes. In some cases, you can identify forward-looking statements by terminology such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201ctarget,\u201d or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include those risks discussed in the section entitled \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2025, as any such factors may be updated from time to time in the Company\u2019s other filings with the SEC, which is available, free of charge, at the SEC\u2019s website at www.sec.gov<\/a>. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261020833354\/en\/<\/a><\/span><\/p>\n Media contact KEYWORDS:<\/b> New York United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Construction & Property Finance Artificial Intelligence Banking Professional Services Technology Fintech Residential Building & Real Estate<\/p>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
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<\/b>Better Home and Finance
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comms@better.com<\/a><\/p>\n
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