Better Mortgage couldn’t pick a better time to expand to Florida.
Formed by a group of Google and Spotify engineers, the full-stack digital lender moves into its 13th state as Tampa and Jacksonville have been dubbed two of the country’s top housing markets by Ten-X.
“We’re so excited about offering a better mortgage experience to house hunters in Florida,” head of strategy and business development Ben Fine said. “As markets get more competitive, it’s critical to help our borrowers stand out in a sea of multiple offers by signaling both certainty and speed to the seller with our verified pre-approval letter. It can be delivered in 24 hours to qualified borrowers, nearly guaranteeing their ability to secure financing quickly. Plus, by fulling underwriting borrowers before they make their offer, we can close faster”
Better offers 24-hour delivery of verified, pre-approved letters for qualified borrowers, a price guarantee, completely digital experience, and a 14-day window from lock to funded loan if a borrower of a conforming, single-family home mortgage receives a verified, pre-approval letter. Its backers include Kleiner Perkins, Goldman Sachs and Pine Brook Partners.
The company said it is seeing strong adoption in Seattle, San Francisco and Washington, D.C.