Better 2.0 Publishes Weekly Scorecard, Week 5: Wholesale Platform Grows to 43 Brokerages as Savings Reach $34.1 Million
Actions to date expected to deliver $34.1 million in annualized savings toward the approximately $64.2 million target Better Home & Finance Holding Company (NASDAQ:BETR) today released Week 5 of its Better 2.0 weekly scorecard, a public record of the company’s turnaround published every Tuesday. This week, Better expanded its wholesale platform to 43 brokerages, advanced negotiations on approximately $50 million in debt financing tied to the planned sale of Birmingham Bank, and engaged Daversa Partners to lead its CEO search. Better also continued to execute on its cost reduction plan, increasing total realized savings to $34.1 million, well on its path towards its $64.2 million target.