The rise, fall, and turnaround of Better Mortgage, with CEO Vishal Garg

Lex chats with Vishal Garg, the CEO of Better Mortgage. Better is an all-in-one digital homeownership company. From finding a real estate agent and getting a mortgage, to shopping for homeowners insurance and title services, Better and its affiliates take customers through the entire homebuying process online. Garg shares the story of how he founded Better Mortgage after experiencing the difficulties of getting a mortgage online. He explains how he saw an opportunity to reimagine the mortgage industry and create a more efficient and consumer-friendly process. Garg discusses the challenges of scaling the company, going public through a SPAC, and navigating the changing market conditions. He also shares his optimism for the future of Better Mortgage, highlighting the company's focus on efficiency, automation, and sustainable growth. MENTIONED IN THE CONVERSATION Better's Website: https://bit.ly/456T3Ub Vishal's LinkedIn: https://bit.ly/4e52szk Topics: fintech, mortgage, digital lending, digital mortgage, SPAC, interest rates Companies: Better.com, Better mortgage, Fannie Mae, Freddie Mac, Goldman Sachs, SoftBank ABOUT THE FINTECH BLUEPRINT 🔥Subscribe to the Fintech Blueprint newsletter to stay at the forefront of Fintech and DeFi: https://bit.ly/3hyhlC2 🤝 Partner with Fintech Blueprint through sponsorships: https://bit.ly/3UZllsV 👉 Twitter: https://twitter.com/LexSokolin TIMESTAMPS 1’33: Revolutionizing Mortgages: Vishal's Journey from Frustration to Fintech Innovation 6’41: Cracking the Mortgage Code: Leveraging Fintech Experience to Disrupt a Stagnant Industry 11’11: Overcoming Startup Challenges: Innovating in the Mortgage Industry and Securing Early-Stage Financing 15’25: Recruiting Top Talent: How to Attract High-Caliber Professionals to Revolutionize the Mortgage Industry 20’32: Scaling to Success: The Rapid Growth, Economics and Strategic Milestones of Better Mortgage 24’48: Balancing Growth and Profitability: Navigating Blitz Scaling and Cultural Shifts at Better Mortgage 28’17: Understanding the SPAC Process: The Market Conditions, Expectations, and Challenges of Going Public 34’20: Facing Macro Headwinds: The Declining Efficiency and Financial Challenges in a Changing Market 36’50: Balancing External Stressors and Internal Efficiency: Navigating Market Changes and Organizational Challenges 39’04: From Private to Public: Better Mortgage's Evolution, Current State, and Optimistic Future 43’11: Overcoming Market Shifts: Vishal Garg on Better Mortgage's Resilience and Path to Profitability 45’30: The channels used to connect with Vishal & learn more about Better Mortgages