Better.com

Better touted the company's efficient operations, including an artificial intelligence voice assistant handling all of its inbound customer calls.

Better's voice assistant can help customers get answers to mortgage application inquiries, call them back if they abandon an application and ask them about the weather.

The publicly traded firm is also shoring up its sluggish stock and ramping up marketing efforts.

The digital lender increased its marketing spend in the first quarter of 2024, with the ultimate goal of "Uber-izing the loan officer."

The digital lender also agreed with a former executive to drop her lawsuit accusing the company of misleading investors.

The digital lender disclosed a prolonged low stock price could have forced it to redeem a $528 million convertible note from sponsor SoftBank.

The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.

The lender has shed over $1 billion in annualized expenses and said it retains enough capital to sustain operations for the next several years.

The firm says the product can save companies in excess of 30% of their existing cost structure.

The digital lender's product comes amid soaring expenses for homeowner's coverage.

The lender disclosed multimillion dollar bonuses to executives last week amid reports that it laid off staff following its Wall Street debut.

The ads ran on websites including Investopedia, Martha Stewart and Southern Living, a lawsuit alleges.

The lender has shed nearly 80% of its expenses in the past year, in part through massive downsizing.

The lender's share price fell 93% Thursday as the industry reckoned with average mortgage rates hitting a 22-year high.

The lender, which endured two difficult years of limbo before its listing, is touting a capital infusion of at least $550 million as a key to future growth.

The business combination is anticipated to occur on or about August 22, and trade under the symbols BETR and BETRW.

A successful merger would culminate an over two-year period of major losses and pestered with criticism over the firm's mass layoffs.

The lender has cut over 80% of its workforce since late 2021 and posted an $889 million net loss in 2022, it revealed in a financial filing.

A federal judge recently gave the go-ahead to the lawsuit from the larger company against its smaller competitor.

Past disclosures about the lender's numbers aren't in question but its acquirer's are, according to new filings.