Better Home & Finance Holding Company Announces First Quarter 2024 Results

• Strong quarter with Funded Loan Volume up 25% and Revenue up 26% in Q1’24 as compared to Q4’23
• Maintaining conviction in large addressable market and favorable consumer trends towards digitization and price transparency
• Continued leaning into growth opportunities and expect Q2’24 Funded Loan Volume above $800 million
• Continued strategic investments in Better’s leading proprietary technology platform, Tinman, to improve mortgage fulfillment efficiency
• Focused on managing towards profitability while growing through improved technology efficiency and corporate cost reductions to offset increased growth expenses

NEW YORK–(BUSINESS WIRE)–Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better” or the “Company”), a New York-based digitally native homeownership company, today reported financial results for its first quarter ended March 31, 2024.

“We are pleased to announce strong first quarter sequential funded loan volume and revenue growth, which we believe sets the stage for the continued growth we expect through the rest of 2024. While we believe it is likely the purchase and refinance markets may continue to remain challenging in the near term, we are seeing increased demand from homeowners looking to tap into their home equity, as well as from new homebuyers looking to make a move this purchase season. We expect these green shoot opportunities to help us achieve our growth goals for the year,” said Vishal Garg, CEO and Founder of Better.