Better Results Presentation Deck
November 2023, 17 slides
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investor update atta eels | Better
disclaimer | Better
executive summary large and attractive market opportunity technology business model competitive | Better
our vision relentlessly making better for faster powered by proprietary technology tinman and customer and property data | Better
market is enormous trillion trillion trillion since over of new homes totals over of net worth stole better core expansion | Better
mortgage process remains challenging for consumers the status quo is broken our vision is to deliver an experience that is expensive slow outdated complicated better faster buyers pay fees up intermediaries accounting of home price underwriting can take up days innovation going backwards with challenged lending players reach pages long documents can | Better
our end to end proprietary technology tinman powers our digital competitive advantage tinman is the backbone that drives our better faster and customer experience saa | Better
our proprietary technology delivers tangible results hours experience a flexibly launch new launched in superior loan quality one day a mortgage | Better
tinman powers better and our partners mortgage as a service reduce costs improve experience improve quality ally | Better
management with experience scaling to billion origination volume and expense discipline in markets funded loan billions total expenses millions growth facilitated by technology prudently pulled back manage profitability macro environment year over year total reduction total market ending ending | Better
financial review million billion key highlights statistics in the third quarter of funded loan purchase volume net loss increased from in the third quarter of to in the third quarter of quarter of total loans loans one day mortgage of loans gain on sale margin reduction in total expense yoy | Better
balance sheet well funded for future million increase three million key highlights statistics as of cash and short term investments cash and short term investments warehouse facilities total warehouse capacity | Better
focus on target opportunities improved profitability | Better
we are hopefully at the bottom of this cycle forecasting refinance expected to nearly double by single family mortgage originations billions sas outs tie see cha if better captures incremental volume in and our current gain on sale margin that would represent an additional revenue opportunity million over next two years | Better
outlook disciplined execution in a tough market total expenses funded loan volume million in volume conversion prospects key expectation impacted metric versus better we expect adjusted to improve but continue to expect loss | Better
reconciliation of non measures | Better
thank you | Better
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