Core Viewpoint - Better Home & Finance Holding Company has appointed Hugh Frater, former CEO of Fannie Mae and founding partner of BlackRock, to its Board of Directors to support the company's AI-driven growth strategy through the Tinman AI Platform [1][2][5]. Company Overview - Better Home & Finance Holding Company (NASDAQ: BETR) is recognized as the first AI-native mortgage and home equity finance platform, having funded over $110 billion in loan volume since its inception in 2016 [6]. - The company aims to make homeownership more affordable, faster, and easier for Americans through its Tinman AI platform, which allows for quick rate options, pre-approvals, and loan closures [6]. Leadership and Experience - Hugh Frater brings extensive experience in capital markets and housing finance, having played a significant role in shaping the modern mortgage capital markets ecosystem [2][3]. - His previous leadership roles include serving as CEO of Fannie Mae during a volatile period in the mortgage market and as CEO and Chairman of Berkadia Commercial Mortgage LLC [3]. Strategic Goals - The company is focused on leveraging technology, data, and automation to enhance the efficiency and affordability of housing finance, addressing the housing affordability crisis through a transparent system [4]. - Frater's insights are expected to be critical in guiding Better's long-term strategy as it scales its AI platform [2][5]. Financial Performance - In Q4 2025, Better reported a 56% year-over-year growth in funded loan volume, significantly outpacing the industry growth of 4%, with revenue increasing by 77% year-over-year [8]. - The Tinman AI Platform's funded loan volume reached $646 million in Q4 2025, representing over 40% of the total funded loan volume and exceeding prior guidance [8].