Better’s platform moves the mortgage process completely online. Its customers are able to upload and eSign documents, have instant access to affordable lending discounts, and receive recommendations on the right mortgage products for them.
The platform also creates time and cost efficiencies, resulting in low rates and closing in as little as 14 days, 10 days faster than the industry average. By charging no lender fees, the company saved its borrowers an average of $3,471 in transaction costs last year, in addition to the savings achieved through better rates. It expanded into five additional states in 2017, the most recent being the Texas market.