Better Home & Finance - Better Home & Finance Announces Closing of Business Combination
Summary
Today, were proud to take a huge step in expanding our capacity to innovate the homeownership process by becoming a publicly listed company. The platform has served as a focal point for improving Betters internal efficiency and streamlining the homeownership experience for the companys customers. Going public positions us well to build a business that will thrive through cycles and we look forward to being good custodians of shareholder capital.Prabhu Narasimhan, Managing Partner of NaMa Capital, formerly the Chief Investment Officer of Aurora and now a Director of Better Home & Finance commented: Better provides a fundamentally different approach to homeownership by leveraging technology to offer customers the widest range of appropriate products. We believe this transaction will deliver long-term value for our shareholders and we look forward to being part of the next stage of this journey.As a public company, Better Home & Finance plans to continue advancing its technology to offer customers cutting-edge products in line with its mission to make homeownership cheaper, faster, and easier.Better is a leading digitally native homeownership company, serving customers in all 50 US states and the United Kingdom through its suite of products including residential mortgage, insurance and real estate services. The program allows eligible customers to receive an underwriting determination on their mortgage loan application, in the form of a commitment letter, within 24 hours after locking in their interest rate.