Better, a prominent player in the mortgage industry, reported a decrease in revenue during Q3 2024, along with an increase in net losses. Despite these challenges, the company is strategically focusing on leveraging AI technology and expanding its retail lending operations to drive growth and ensure sustainability in the competitive market.
Key points:
– Better experienced a decline in revenue in Q3 2024
– Net losses for the company rose during the same period
– Better is placing its bets on AI technology to enhance its mortgage business
– The company is looking to expand its retail lending operations as part of its growth strategy
– These initiatives are crucial for Better to remain competitive and thrive in the evolving mortgage industry landscape.
You can read this full article at: https://www.housingwire.com/articles/better-ai-investments-q3-2024-earnings/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
