Holding company Better Home & Finance hired Chad Smith to be the president and chief operating officer of its mortgage business, it announced on Friday. Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. 

Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024. As of Friday, the online lender had 43 sponsored loan officers and eight active branches, per the Nationwide Multistate Licensing System (NMLS). Meanwhile, Better had 227 sponsored LOs and seven branches, the NMLS shows.

Prior to Mission, Smith held the position of details ⇒

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