AP NEWS

Tennessee Homebuyers Can Now Get a Better Mortgage

May 16, 2018

NEW YORK--(BUSINESS WIRE)--May 16, 2018--Better Mortgage, a digital mortgage company working to improve access to home financing through transparency, honest guidance, and zero commissions, today announced its launch in Tennessee. This launch comes as Better sees growing adoption amongst first-time homebuyers in popular metros, which cities like Nashville and Memphis have in spades due to growing employment opportunities (we see you, Amazon) and affordable starter home inventory.

“I’m excited to be launching in Tennessee, which represents yet another state where so many of its residents could benefit from a 21st-century mortgage,” said Vishal Garg, CEO. “Solutions like our Verified Pre-Approval Letter and our Better Offer empower homebuyers by giving them the edge they need to succeed in markets like Nashville, which is growing more and more competitive.”

Nationwide, homebuyers need better mortgage alternatives as mortgage rates rise and housing inventory remains tight. Better is focused on expanding its national footprint to bring more affordability to borrowers in markets around the country, all backed by the Better Price Guarantee.

Highlighting the company’s dedication to the borrower’s experience, Better’s Chief Revenue Officer, Vishal Bhalla added, “Tennessee is actually our top 4 most requested state from potential borrowers. I want folks to know that we heard you and we’re thrilled to be lending in the state that’s home to Music City and Dolly Parton.”

Better is focused on expanding its national footprint to bring more affordability to borrowers in markets around the country. Now, with Better, more Tennessee residents can go from renting to owning. Tennessee is also poised to see an increase in potential new residents - Nashville is one of the finalists to be Amazon’s second headquarters. According to the Brookings Institute, Nashville was ranked 19th when it comes to metro areas by percentage of college graduates. With a likely influx of potential new residents, Tennessee will benefit greatly from Better’s mortgage products that can raise the overall rate of homeownership.

Better currently originates loans in 15 states including Arizona, California, Colorado, Connecticut, District Of Columbia, Florida, Georgia, Illinois, North Carolina, New Jersey, Oregon, Pennsylvania, Tennessee, Texas, and Washington.

About Better Mortgage:

Launched in 2016, Better.com is a full stack mortgage lender digitizing every step of the home financing process to make homeownership more affordable and accessible. Backed by Kleiner Perkins, Goldman Sachs, and Pinebrook, Better is focused on customer advocacy, putting consumers back in control of the most important financial decision of their lives. Recently named Best Mortgage Lender for Customer Service by Nerdwallet, Better has an intuitive online platform, complemented by non-commissioned staff that guides customers through the process starting with how much house they can afford or how much they can save through to close, completely jargon-free, with airtight certainty and the best rate possible. For more information, follow us on Facebook, Twitter and LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516005699/en/

CONTACT: Better

Erica Dumas, 646-461-4304

Edumas@better.com

Better Mortgage Corporation NMLS # 330511

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK TENNESSEE

INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE PROFESSIONAL SERVICES BANKING FINANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Better Mortgage

Copyright Business Wire 2018.

PUB: 05/16/2018 09:00 AM/DISC: 05/16/2018 09:01 AM

http://www.businesswire.com/news/home/20180516005699/en

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