Better Home & Finance Holding Company has released its Wholesale HELOC and CES Platform, powered by Tinman AI. The new platform supports both Home Equity Line of Credit (HELOC) and Closed-End Second (CES) liens under one application flow, providing originators with the flexibility to price out variable and fixed-rate loans in minutes ranging in value from $50,000 to $500,000.
Better has originated in excess of $1 billion in HELOCs and CES liens directly to consumers and more than $110 billion in mortgages through its direct to consumer, retail, and private label partnerships to date.
Through the launch of the Wholesale Platform, Better will reach a wider group of originators, allowing consumers to tap equity in their homes for home improvement costs or to consolidate credit card debt and manage life’s expenses with lower monthly payments. Mortgage brokers will also have the flexibility to offer their customers debt-payoff, no-fee pricing and discounted rates with paid points. In addition, they’ll be able to offer 12- and 24-month bank statement approval options for small business owners across a variety of investor products and pricing — all in one easy flow without the need to switch from one lender to another.
“Better’s Wholesale HELOC & CES Platform offers competitively low rates and zero origination fees. Unlike some platforms that deliver limited pull through, Tinman AI is powered to hand-hold, process, and underwrite more challenging customer files too; allowing for greater customer satisfaction and higher broker earnings,” said Patrick Kandianis, Better’s head of business development. “This isn’t a red light, green light personal loan process with a property address and a blockchain title policy attached to it. It’s algorithmic machine learning driven to match borrowers across a wide variety of investors coupled with an AI engine that knows when to bring the human into the flow to help customers. Partner brokers of all types and sizes nationwide can access our new wholesale platform and complete a fast, digital pre-application in just minutes.”
Through Better’s new offering, wholesale originators can share a link with new customers to set up an online account and complete simple tasks to lock a rate, finish an application, and One Day HELOC eligible customers can close in as little as one day with funding taking place in as little as five days. Better's product experience allows brokers and their customers to interact in the Tinman AI platform with Better Mortgage processors and underwriters who provide end-to-end support for the entire origination process.
“We’re excited to offer Better’s Wholesale HELOCs & CES and provide our clients more options and a greater chance of approval using their unique Tinman digital interface combined with an actual underwrite,” said Trent Ford, CEO of Saxton Mortgage. “It’s a very comprehensive approach that we believe will be successful.”
In 2024 alone, lenders nationwide originated an “estimated $201 billion in HELOC volume,” notes Vishal Garg, CEO and founder of Better.
“Our technology delivers transparency and automation across the mortgage ecosystem, and this move into wholesale is the next chapter of our mission to make home financing better for every consumer, regardless of channel or interface,” said Garg. “We’re starting strong, with 10 new mortgage broker partners who have collectively originated hundreds of millions for other incumbent players. As our broker partners experience higher approval rates and AI-powered underwriting, we’re excited to grow this home equity product set even further.”
