{"id":1019837,"date":"2026-11-10T20:34:02","date_gmt":"2026-11-11T01:34:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\/"},"modified":"2026-11-10T20:34:02","modified_gmt":"2026-11-11T01:34:02","slug":"better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\/","title":{"rendered":"Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth20 { width: 20% }\n.bwwidth40 { width: 40% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nBetter 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million<\/p>\n<p class=\"bwalignc\"><i>Actions to date expected to deliver $34.1 million in annualized savings toward the approximately $64.2 million target<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBetter Home &amp; Finance Holding Company (NASDAQ: BETR) today released Week 5 of its Better 2.0 weekly scorecard, a public record of the company\u2019s turnaround published every Tuesday. This week, Better expanded its wholesale platform to 43 brokerages, advanced negotiations on approximately $50 million in debt financing tied to the planned sale of Birmingham Bank, and engaged Daversa Partners to lead its CEO search. Better also continued to execute on its cost reduction plan, increasing total realized savings to $34.1 million, well on its path towards its $64.2 million target.<\/p>\n<p>\nSince the Week 4 scorecard published on November 3, Better has realized additional efficiencies in its corporate organization, expected to generate $3.7 million in annualized savings.<\/p>\n<p>\nThis week\u2019s actions add $3.7 million to the $30.4 million completed in the first two weeks, bringing completed actions to $34.1 million in annualized savings as the Company works toward a target of approximately $64.2 million once all initiatives are fully implemented.<\/p>\n<p>\n\u201cFive weeks in, the work is compounding. We\u2019re continuing to reduce costs, five more brokerages have joined Better Wholesale, and five lenders have put term sheets on the table for financing tied to Birmingham Bank. We\u2019re at $34.1 million in savings, and you\u2019ll keep getting these updates every Tuesday until we hit breakeven,\u201d said Vishal Garg, Founder and Head of Product, Platform and Innovation at Better.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Priority<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Progress between November 3 and November 10<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Goals for November 10 to November 17<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Mortgage operations and corporate efficiency<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li>\nActioned further efficiencies in mortgage operations expected to deliver $3.7 million in annualized savings<\/p>\n<\/li>\n<\/ul>\n<p>\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li class=\"bwcellpmargin\">\nPushing identified efficiencies through every function to close the gap to the $64.2 million target<\/p>\n<\/li>\n<li class=\"bwcellpmargin\">\nTesting additional acquisition channels to scale lead volumes without increasing cost of acquisition<\/p>\n<\/li>\n<\/ul>\n<p>\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Partnerships<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li>\nFive new mortgage brokerages added to Better Wholesale platform, bringing the total to 43 brokerages with 1,382 brokers and $378 million in trailing 12-month origination volume<\/p>\n<\/li>\n<\/ul>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li>\nBetter&#8217;s AI-powered HELOC launched with a large existing partner; goal is to complete live customer testing and then ramp to full partnership volume<\/p>\n<\/li>\n<li class=\"bwcellpmargin\">\nWorking closely with early adopters of Better Wholesale to optimize TinmanGo and drive best-in-class broker experience<\/p>\n<\/li>\n<li class=\"bwcellpmargin\">\nMaking progress with 3 other major partners and one new revived large-scale partnership<\/p>\n<\/li>\n<\/ul>\n<p>\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Capital markets strategy<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li>\nNegotiating terms with prospective financing partners following receipt of five term sheets for approximately $50 million in debt financing tied to the planned sale of Birmingham Bank, Better\u2019s UK bank subsidiary.<\/p>\n<\/li>\n<\/ul>\n<p>\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li>\nContinue progressing the planned sale of Birmingham Bank and related financing<\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>CEO Appointment<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li>\nEngaged executive search firm Daversa Partners to lead the CEO search<\/p>\n<\/li>\n<\/ul>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<ul class=\"bwlistdisc\">\n<li>\nWork with Daversa Partners to finalize the candidate profile and begin outreach<\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nBetter will continue to publish its management scorecard weekly until it achieves Adjusted EBITDA breakeven, reporting completed actions, outstanding commitments and changes to timelines.<\/p>\n<p><b>About Better<\/b><\/p>\n<p>\nBetter Home &amp; 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<p>\nFor more information, follow @tinmanAI on X and @betterdotcom on Instagram and TikTok.<\/p>\n<p><b>Forward-looking Statements<\/b><\/p>\n<p>\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 cost reduction initiatives and the timing and amount of expected annualized savings; the Company\u2019s path to Adjusted EBITDA breakeven; changes to executive and employee compensation, including the proposed cap on cash compensation and related equity grants; pricing initiatives and expected revenue opportunities; the launch, performance and expansion of the Company\u2019s home equity products and partnerships, including with Credit Karma; the onboarding of mortgage brokerages to the Company\u2019s wholesale platform; the planned sale of the Company\u2019s UK bank subsidiary, Birmingham Bank, and any related bridge financing; financial results, including Adjusted EBITDA, Loan Volume and Total Net Revenues; 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54639381&amp;newsitemid=20261110105888&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=2b0ddc91c91e077d9e36e03618c76339\">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<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261110105888r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261110105888\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261110105888\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Better Home and Finance<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:comms@better.com\">comms@better.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Banking Technology Construction &amp; Property Professional Services Other Technology Software Artificial Intelligence Other Professional Services Fintech Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261110105888\/en\/2684109\/3\/Better_Logo_-_Black.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million Actions to date expected to deliver $34.1 million in annualized savings toward the approximately $64.2 million target NEW YORK&#8211;(BUSINESS WIRE)&#8211; Better Home &amp; Finance Holding Company (NASDAQ: BETR) today released Week 5 of its Better 2.0 weekly scorecard, a public record of the company\u2019s turnaround published every Tuesday. This week, Better expanded its wholesale platform to 43 brokerages, advanced negotiations on approximately $50 million in debt financing tied to the planned sale of Birmingham Bank, and engaged Daversa Partners to lead its CEO search. Better also continued to execute on its cost reduction plan, increasing total realized savings to $34.1 million, well &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1019837","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million Actions to date expected to deliver $34.1 million in annualized savings toward the approximately $64.2 million target NEW YORK&#8211;(BUSINESS WIRE)&#8211; Better Home &amp; Finance Holding Company (NASDAQ: BETR) today released Week 5 of its Better 2.0 weekly scorecard, a public record of the company\u2019s turnaround published every Tuesday. This week, Better expanded its wholesale platform to 43 brokerages, advanced negotiations on approximately $50 million in debt financing tied to the planned sale of Birmingham Bank, and engaged Daversa Partners to lead its CEO search. Better also continued to execute on its cost reduction plan, increasing total realized savings to $34.1 million, well &hellip; Continue reading &quot;Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-11T01:34:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261110105888r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million\",\"datePublished\":\"2026-11-11T01:34:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\\\/\"},\"wordCount\":1061,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20261110105888r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-2-0-publishes-weekly-scorecard-week-5-wholesale-platform-grows-to-43-brokerages-as-savings-reach-34-1-million\\\/\",\"name\":\"Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million - 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This week, Better expanded its wholesale platform to 43 brokerages, advanced negotiations on approximately $50 million in debt financing tied to the planned sale of Birmingham Bank, and engaged Daversa Partners to lead its CEO search. 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