Better Results Presentation Deck
Our proprietary technology delivers tangible results
Better Customer
Experience
Lower Rates,
Higher Approvals
for Customers
3
Increased labor
productivity &
lower labor cost
1
Get certainty on a mortgage
within 24-hours
TM
Better
One Day
Mortgage
8 hours
Average Commitment
Letter turnaround since
program launch in Q1'23
2
Pass technology cost savings
through to the customers
Average Rate on Fixed 30-yr
Fannie Conforming Mortgage¹
4.37%
Avg. from 2018 - Q2'23
4.63%
Purchase Approval Rate
64%
1H'20
78%
1H'23
Automation drives higher
output and ability to leverage
less specialized labor
Closings per US
Fulfillment Employee per
Month²
9.6
Q3'23
3.3
Q4'22
4
Flexibly launch new
products to meet
market demand
Launched HELOC in Q1 2023
and scaled locked volume
250% Q1'23 vs. Q3'23
HELOC Locks per Week
13.
Q1'23
(Launch)
Better
1. Industry Source: MBA Weekly Application Survey - MBA: FRM 30-Year Contract Interest Rate and Points
2. Industry Source: Industry Avg. Source MBA Q4 2022 Market Performance Report p10: Median Productivity - Retail/CD Only (Note: Q4 was last available industry data to benchmark)
3. Industry Source: ACES Quality Management: Mortgage QC Industry Trends, Q4 2022
4. Measuring percent loans 180+ days delinquent, Industry source: Single Family Loan Performance For 2017-2022 Vintage vs Fannie Mae Portfolio
45
Technology & Business Model
Q3'23
Industry Average
5
Superior loan
quality
Outperforming industry on
defect and delinquency rates
Post Closing Defect Rate³
0.94%
2.07%
0.08%
2022
Delinquency Rate4
1.54%
Q3'22 LTM
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