General World News

Better improves loan volume by 25% but remains unprofitable in Q1

Better Home & Finance Holding Co., the parent of digital lender Better, strongly improved its mortgage production and revenues in the first three months of 2024. But expenses continued to increase and the company remained unprofitable during the period.

Better posted a net loss of $51.5 million from January to March, up from a loss of $50.8 million in the previous quarter and down from a loss of $87.6 million in the same period last year, according to filings with the Securities and Exchange Commission (SEC) on Monday.

The company’s revenues increased 26% quarter details ⇒

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