Better Mortgage

At Better, we're making getting a mortgage fast, simple, and totally better. From our offices in NYC we are revolutionizing a $12 trillion industry. Americans pay more for housing than for almost all other things combined – 33% of personal consumption expenditure. Yet somehow the mortgage process still takes nearly 50 days, costs over $5,000 in administrative fees, and requires over 225 pages of paper and endless phone calls with commissioned loan brokers. We think this is insane – so we’re fixing it. Our team combines leading technologists from companies like Spotify and Google with a mortgage bank that has three generations of experience. Together we’re using data science, machine learning and UX design to make the mortgage experience what it should be -- an enjoyable and exciting part of the biggest transaction in most Americans’ lives.

Company Growth (employees)
Type
Private
HQ
New York, US
Founded
2015
Size (employees)
120 (est)
Website
better.com
Better Mortgage was founded in 2015 and is headquartered in New York, US

Key People at Better Mortgage

Tiem Song

Tiem Song

Team Member
Chamath Palihapitiya

Chamath Palihapitiya

Co-Founder + Chairman
Christian Schwarzer

Christian Schwarzer

VP Distribution
Abhik Pramanik

Abhik Pramanik

Product

Better Mortgage Office Locations

Better Mortgage has an office in New York
New York, US (HQ)
459 Broadway

Better Mortgage Data and Metrics

Summary Metrics

Founding Date

2015

Total Funding

$45 m

Latest funding size

$15 m

Time since last funding

6 months

Investors

Better Mortgage's latest funding round in February 2017 was reported to be $15 m. In total, Better Mortgage has raised $45 m

Traffic Overview of Better Mortgage

Better Mortgage Online and Social Media Presence

Better Mortgage News and Updates

LendingHome Sets Stage to Accelerate Next Phase of Business Growth

PRESS RELEASE: LendingHome, the largest, fastest-growing mortgage marketplace lender, today announced two new business developments that will enable the company to take its business to the next level. LendingHome has gained Fannie Mae seller...

So what exactly is a bot?

 As we see the ecosystem continue to develop, bots are increasingly showcasing a wide variety of features, from chat to menus to buttons and visual interfaces. Some bots now almost look like full-fledged apps with a variety of feature-rich options. So it begs the question… what exactly is a “bot”? R…

LendingHome Launches the Next-Generation One-Stop Online Mortgage for Digital Natives, by Digital Natives

PRESS RELEASE: Digital natives expect buying a home to be a seamless online experience like everything else they do in work and life. Yet, obtaining a mortgage is still by and large an inefficient, outdated, and offline process. To fill this gap, LendingHome,...

This startup is taking the hassle out of mortgages has landed millions

A property technology startup which helps find homebuyers the best deal on their mortgage online via a chatbot has raised a new multi-million pound round of funding to support its growth, City A.M can exclusively reveal. Habito, already backed by seed capital from the entrepreneurs behind Transfe…

Tech Hits The Home: 25 Startups Transforming The Mortgage Industry

Mortgages are a highly regulated product, and since the Great Recession, a slew of companies have launched that use technology to either simplify or compliment the complicated and arduous mortgage process. The mortgage tech industry includes incumbents like Quicken Loans, as well … Continued

Should we dip into our savings to reduce our mortgage?

We need to remortgage in a few months and wonder if it’s best to lower the amount we need to borrow Q We are looking to move up the housing ladder and have managed to save £60,000. However, we are struggling to find a house we like so it may be another year or two before we move. The issue is that w…
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Better Mortgage Company Life and Culture

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