Actions to date expected to deliver $30.4 million in annualized savings toward the approximately $64.2 million target

Company Website: https://investors.better.com/overview/default.aspx
NEW YORK -- (Business Wire)

Better Home & Finance Holding Company (NASDAQ: BETR) today released Week 4 of its Better 2.0 weekly scorecard, a public record of the company’s turnaround published every Tuesday. This week, Better’s AI-powered HELOC went live with one of our largest partners, giving a large group of American homeowners a faster, simpler way to tap their home equity ahead of the holidays, whether to fund home improvements, consolidate debt, buy a new home, pay tuition or take a holiday vacation. Better also continued to execute on its cost reduction plan, increasing total realized savings to $30.4 million, well on its path towards its $64.2 million target.

Since the Week 3 scorecard published on October 27, Better has realized additional efficiencies in its corporate organization by de-layering management roles and executing additional high value expert labor tasks through enhanced use of AI agents, expected to generate $5.9 million in annualized savings, exceeding the $1.7 million goal set last week. The company has also capped vendor spend, expected to generate $1.6 million in annualized savings.

This week’s actions add $7.5 million to the $22.9 million completed in the first two weeks, bringing completed actions to $30.4 million in annualized savings as the Company works toward a target of approximately $64.2 million once all initiatives are fully implemented.

“American homeowners are sitting on over $21.4 trillion in home equity, while still paying 12% to 36% APR on credit cards and personal loans. With our partnership launch this week, tens of millions more homeowners can see what their home equity could unlock and apply for a HELOC right where they already manage their money, powered by Better. This is the growth Better 2.0 is built for: integrated platform offerings, with no upfront customer acquisition cost, and massive revenue lift for both Better and its partners,” said Vishal Garg, Founder and Head of Product, Platform and Innovation at Better. “Furthermore, four weeks in, we’re at $30.4 million in savings, and you’ll continue to receive updates every Tuesday, until we hit breakeven.”

Better will continue to publish its management scorecard weekly until it achieves Adjusted EBITDA breakeven, reporting completed actions, outstanding commitments and changes to timelines.

About Better

Better 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®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® 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®, leveraging Tinman® 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’s 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.

For more information, follow @tinmanAI on X and @betterdotcom on Instagram and TikTok.

Forward-looking Statements

This 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’s 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’s home equity products and partnerships, including with Credit Karma; the onboarding of mortgage brokerages to the Company’s wholesale platform; the planned sale of the Company’s 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 “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” 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 “Risk Factors” in the Company’s 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’s other filings with the SEC, which is available, free of charge, at the SEC’s website at www.sec.gov. 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.

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Contacts:

Media
Better Home and Finance
comms@better.com

Source: Better Home & Finance Holding Company