Tagged: Vishal Garg

Better is targeting a bigger share of wholesale lending, with plans to expand into Non-QM and conventional mortgages

Garg proposes human engagement as a fallback and production costs below $1,000 per mortgage, while blaming the board fight for lost momentum

Better’s Special Committee dropped its challenge after an independent inspector preliminarily verified more than 52% support for removing five directors, clearing the way for Vishal Garg’s group to begin reshaping the board

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Proxy advisers split over the founder’s campaign to remove five directors as Better tries to preserve his AI strategy without restoring his control — and without the executive hired to lead Tinman’s expansion

The proxy adviser says Garg has not made the case for removing five directors, while Better’s interim CEO outlines a narrower strategy built around wholesale, home equity, and repeatable partnerships

Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings

Directors say several heavily promoted partnerships generated less than $50,000 each, raising questions about Better’s enterprise strategy and planned wholesale launch

The mortgage lender portrayed its founder as unfit to lead, but Garg says it offered him a lucrative advisory role three days after firing him