Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
Estimated reading time: 0 minutes, 27 seconds
Online mortgage lender Better.com has received the frostiest reception so far this year for a company making its debut on the public market. So reports Yahoo! Finance.
The day that Better.com’s parent Better Home & Finance arrived on the market through a merger with a special purpose acquisition company, its shares sank more than 90%.
Better, which already weathered an investigation by the Securities and Exchange Commission, confronted a difficult market for initial public offerings and SPACs along with surging mortgage rates.
