Better.com

While it isn't a partnership between the firms, Amazon Web Services powers the loan origination system for the lender, which has funded over $1 billion in mortgage volume with the online retail giant's workers.

An extension would give the companies an additional six months beyond a current March deadline to complete the transaction.

Of 26 fired employees in a layoff round, 17 were either currently on paternity or maternity leave or planning to take it in the near future, according to the legal filing.

The companies formed a partnership in 2019, in which the lender would handle mortgage processing, underwriting and closing for the digital-only bank.

The lender's sponsors also amended their financial commitments once the merger is completed or if it fails by a March 2023 deadline.

The embattled mortgage business cut approximately 72% of its workforce over a six-month period, according to a Securities and Exchange Commission filing.

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.

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.

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.

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.

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.

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.

The firm's merger with a special purpose acquisition corporation is expected to be completed this quarter, according to financial filings.

The company is blaming anticipated declines in origination volume for its latest cuts.