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Digital Homeownership Company Better Expands Mortgage Services In Three Additional States Amidst Red Hot Housing Market | National Business

NEW YORK – (BUSINESS WIRE) – April 20, 2021–

Better, one of the fastest growing digital home ownership companies in the United States, announced yesterday that it has launched mortgage services in three additional states: Minnesota, Vermont and Virginia. Better Optimizes the home finance experience by combining technology with human intelligence to remove fees and commissions while empowering consumers.

Better Expansion into the three states came as interest in extra-state states increased in Vermont Residential real estate sales up 79%and housing is in Minnesota up 50% since March. Additionally, 45% of employers with 20 or more employees in the Greater Capital Region plan to do permanent work from home after the pandemic.

The pandemic has accelerated that too Switch to e-commerce by two years. US online retail sales grew more than 30% in 2020 and a change in the experience of having home buying 63% of consumers in 2020 will make an offer for at least one property without seeing it in person. “The pandemic has underscored the need for the real estate finance industry to innovate and digitize, and customers need a company that is on their side,” said Vishal Garg, CEO. “Expanding our presence to Minnesota, Vermont and Virginia is a natural next step for Better in our mission to help all Americans buy and own better homes.”

The announcement follows Better’s tremendous growth as the impact of the pandemic has driven demand for Better’s digital solution and the volume of credit invested has increased five-fold over the past year. Better funded loans of $ 25 billion in 2020 and $ 14 billion in the first quarter of 2021.

About better: Founded in 2016, Better is a digital first home company whose services include mortgage, real estate, property and home insurance. To date, Better has funded over $ 40 billion in home loans and provided over $ 16 billion in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better. Better has raised over $ 400 million in equity since its inception and is backed by SoftBank, L. Catterton, Kleiner Perkins, Goldman Sachs, American Express Ventures, Activant Capital, Ally Financial, Citi, and other investors. The company was ranked 15th on CNBC’s Disruptor 50 2020 list and Forbes FinTech 50 for 2020. Please see below for more information @betterdotcom.

Show source version on businesswire.com::https://www.businesswire.com/news/home/20210420005387/de/

CONTACT: Eva Synalovski

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KEYWORD: NEW YORK VIRGINIA VERMONT MINNESOTA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE CONSTRUCTION & REAL ESTATE INTERNET FINANCE DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Better

Copyright Business Wire 2021.

PUB: 04/20/2021 09:00 am / DISC: 04/20/2021 09:01 am

http://www.businesswire.com/news/home/20210420005387/de

Copyright Business Wire 2021.