Better Home & Finance tapped Leah Price, former fintech lead at the Federal Housing Finance Agency, to oversee its artificial intelligence-driven Tinman loan origination platform.
One of Price's main objectives will be to "disrupt" the mortgage technology playing field, by competing with legacy players like Encompass, which powered over 5 million mortgages in 2024.
Price brings ample industry knowledge from both the public and private lending sector to her new position.
Apart from her time leading FHFA's Office of Fintech and the Office of the Chief AI Officer, the executive worked at Figure Technologies as a vice president of lending ecosystem from 2021 to 2022. Prior to that, Price worked at Fannie Mae from 2015 to 2021 where she led product development for the enterprise's Day 1 Certainty pilots.
Vishal Garg, CEO and founder of Better, said Price has joined the mortgage lender at a time when the firm plans to "bring [its] disruptive technology to market." This may hint at the fact that the shop is planning to delve more into being a business software service provider.
"Through Tinman, Better Mortgage has automated time and labor-intensive components of the mortgage process — reducing our cost to originate by over 40% compared to the industry average," said Garg in a written statement. "Our loan officers have compressed a staggering 80% of their back-office costs using our platform."
Better aims to attract other mortgage lenders to its platform by demonstrating its cost-saving potential in loan origination.
The company has recently updated its AI platform, notably launching Betsy,
Depending on the mortgage market, Better could achieve profitability in the second half of 2026, Chief Financial Officer Kevin Ryan said in a previous interview.
Better reported a $51 million net loss in the first quarter. This is consistent with losses of
