New 90-day plan unveiled to boost Better Home & Finance Holding Company

NEW YORK, Founder Vishal Garg unveiled a comprehensive 90-day plan on September 3, 2026, aimed at restoring growth, profitability, and shareholder value for Better Home & Finance Holding Company (BETR). The plan targets a significant increase in funded-loan volume, monthly revenue growth, and a reduction in cash burn.

Garg's strategy includes boosting quarterly funded-loan volume to $2 billion, a target he believes will be the company’s break-even point. This increase is expected to generate approximately $7 million in additional monthly revenue, with a 35% contribution margin. The plan also aims to reduce monthly cash burn from $4 million to $0.

Key actions under the plan include: - Launching the CK HELOC through API-driven execution using Better's Tinman technology platform. - Re-engaging five major partners currently in Better's pipeline, who had been stalled due to the new management team's focus on a standardized TinmanGo portal. - Increasing loan-officer talk time from 2.1 hours per day to the industry average of 4 hours per day through AI call routing and workforce management, with the goal of improving conversion by at least 50%. - Enhancing Better's DTC lock-to-fund rate from approximately 45% to the industry average of 60% through improved incentives and AI-led consumer communications during processing delays.

In addition to these growth initiatives, the plan focuses on cost reduction and operational efficiency: - Aligning commissions on AI-assisted customer conversions to free up loan officers for complex customer files, with targeted savings of approximately $500,000 per month. - Implementing instant counteroffers to reduce delays and improve approval rates, with the goal of saving approximately $1 million per month. - Transferring portions of legal work and litigation support to AI-powered and AI-assisted teams, targeting approximately $500,000 in monthly savings.

The plan also addresses the need for improved governance and leadership: - Replacing five current directors with a board focused on operational excellence, growth, and shareholder alignment. New directors would be expected to purchase Better stock equal to two times their board compensation, while board compensation would be paid entirely in stock. - Engaging Daversa Partners to begin an immediate search for a permanent CEO with fintech, credit, and AI experience, with a goal of appointing a new CEO within 120 days of board consent becoming active. - Completing the sale of Better's UK bank within 30 days of a board transition, subject to a credible counterparty and required approvals. - Leveraging the sale of the UK bank, cost savings, and increased revenue to support a $30 million share repurchase program, including an immediate initial authorization of up to $10 million.

Garg emphasized the importance of operational discipline, stating, "The next step is to build on that operating discipline - improving conversion, expanding HELOCs, deploying AI where it drives real value and working harder for shareholders."

The plan reflects a strategic shift to address Better's challenges and capitalize on its strengths, with the ultimate goal of unlocking the company's full value and narrowing the valuation gap with similar AI-native businesses.