Better Mortgage is a provider of a technology platform for real estate mortgage lending. The company uses data-driven algorithms and statistical models to streamline mortgage banking process for both borrowers and investors in the US.
Better is a direct lender dedicated to providing a fast, transparent, and online mortgage experience backed by superior customer support.
Better Mortgage was founded in 2014 by Chris Erickson, Chris Herndon & John Kobs and is based in New York, New York.
Better Mortgage handles purchase and refinance loans, with a variety of products available — from loans with 3% down payments for first-time home buyers, to 10%-down jumbo loans with no mortgage insurance.
Better Mortgage uses a digital platform to offer preapproval, purchase and refinance mortgage loans. The company has helped over 10,000 families get home, saving them on average $3,500 in upfront fees and days of stress-filled time.
Better Mortgage is backed by top-tier investors including Goldman Sachs, Kleiner Perkins, American Express, IA Ventures, Moderne Ventures, Activant Capital, Ally Bank, & Pine Brook among others. The company raised $25M in it's latest funding of a "Series C" round on Aug 19, 2019. This brings Better Mortgage's total funding to $145M to-date.