Better Home & Finance Reports Q3 Loan Volume of $1.39B as AI Originations Rise 64%

Better Home & Finance Holding Company (BETR) posted preliminary third-quarter loan volume of $1.39 billion for 2026, representing a 15% increase compared with $1.21 billion in the same period last year. Originations driven by its Tinman AI platform climbed 64% year-over-year to $790 million, accounting for roughly 57% of total loan volume compared to around 40% a year earlier. Total volume came in near the lower end of the company's prior guidance range of $1.375 billion to $1.525 billion.

The growth comes despite a broader 37% decline across the mortgage industry and a recent two-month public proxy fight. To streamline operations, management launched its Better 2.0 restructuring framework. The plan implemented approximately $13.2 million in annualized cost savings during its first week, aiming for $64.2 million in total annual reductions as part of an effort to achieve Adjusted EBITDA breakeven.

Investors will be watching how quickly the mortgage lender executes its cost-reduction targets and completes the appointment of an interim CEO. The company is also moving forward with home equity line of credit partnership launches, noting that four out of five prospective partner relationships remain active. Shares of Better Home & Finance fell 2.50% to $8.97 following the update.