A leadership shakeup at Better this week underscores the company’s ongoing struggle to balance its mortgage origination business with its technology ambitions as it pursues profitability, a goal that now appears more distant than leadership previously projected.

Daniel Lewis, whose hedge fund Orange Capital shut down in 2016 after 10 years in operation and a portfolio worth more than $1 billion, is taking the helm at Better as interim CEO. Viewed as an activist investor, he gained the top job after building a 5.8% stake in Better. In February, Orange Capital Ventures disclosed 587,490 shares of Class details ⇒

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