"We offer low rates, zero origination fees, and unlike some platforms that deliver limited pull through, our tech is powered to process and underwrite the more challenging files too, allowing for greater customer satisfaction and higher broker earnings. Wholesale originators share a link with new customers to create an online account, lock a rate, complete their application and close in as little as one day, with funding available in as few as five days."
"The launch of Better's Wholesale HELOC and CES program represents a major expansion for our mortgage business. In 2024 alone, U.S. lenders originated an estimated $201 billion of HELOC volume, said Vishal Garg, Better's founder and CEO. Virtually none of that volume flowed through an AI-powered wholesale channel. Our technology was built to provide transparency and automation across the mortgage ecosystem and expanding into wholesale marks the next chapter of our mission."
Better expanded its home equity offerings with a Wholesale HELOC and CES program that enables partner brokers nationwide to onboard borrowers via a fast digital pre-application. The program offers low rates, zero origination fees, automation to underwrite challenging files, and a workflow that can lock a rate, complete applications, and close loans in as little as one day with funding in roughly five days. Better has originated more than $1 billion in HELOCs and CES loans directly and over $110 billion through private-label partnerships, and it previously partnered with Finance of America for 55+ homeowners.
Read at www.housingwire.com
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