Executives at Better.com said the conflict in Iran is causing some borrowers to delay closing on mortgages, prompting the company to lean more heavily on home equity lines of credit (HELOCs) to sustain origination volume.

At the same time, the New York-based digital mortgage lender continues to cut costs in an effort to meet its goal of reaching profitability by the end of the third quarter, even as it continues to report EBITDA and net losses.

Parent company Better Home & Finance Holding Co. posted a first-quarter 2026 net loss of $70 million, compared to a $51 million loss details ⇒

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