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The companies formed a partnership in 2019, in which the lender would handle mortgage processing, underwriting and closing for the digital-only bank.
October 20 -
The lender's sponsors also amended their financial commitments once the merger is completed or if it fails by a March 2023 deadline.
August 29 -
The embattled mortgage business cut approximately 72% of its workforce over a six-month period, according to a Securities and Exchange Commission filing.
July 14 -
A lawyer for the former head of sales alleged that the company is close to losing its warehouse line of credit while unnamed sources in a media report say the plaintiff was slacking off at the end of her tenure with the lender.
July 8 -
After a turbulent period of layoffs, financial losses, allegations of misconduct and other public gaffes, the digital lender attempts to start anew with the hiring of Sushil Sharma as chief growth officer and others.
July 8 -
The appointment of eight new company leaders comes after months of bleak news including allegations of misleading investors, massive layoffs and a still-unfinished effort to go public.
July 7 -
The lender and its founder are accused of retaliating against the second-in-command for raising alarm over deceptive financial statements and other concerning behavior.
June 8 -
CEO Vishal Garg is on the hook for any losses stemming from a $750 million convertible bridge note investment, a fact he allegedly recently acknowledged to employees.
May 19 -
Embattled online mortgage lender Better is turning to a former Goldman Sachs Group Inc. consumer-banking veteran to help it pursue a public listing just as rising interest rates pressure the business already reeling from a slew of personnel missteps.
May 10 -
The firm's merger with a special purpose acquisition corporation is expected to be completed this quarter, according to financial filings.
April 27