AI Mortgage Platform Investor Presentation March 2026 Company Metrics and Financials are as of December 31, 2025. Disclaimer This presentation and any related oral presentation, (together "this presentation"), do not constitute an offer or invitation to subscribe for, purchase or otherwise acquire any securities or other instruments of Better Home & Finance Holding Company ("Better" or the "Company") and nothing contained herein, or its presentation shall form the basis of any offer, contract or commitment ...

Core Insights - Better Home & Finance Holding Company reported strong financial results for Q4 2025, exceeding prior guidance on funded loan volume and establishing an optimistic outlook for Q1 2026 [1][2] Financial Performance - Funded Loan Volume reached $646 million in Q4 2025, up 34% quarter-over-quarter and exceeding the guidance of $600 million [1] - Year-over-year Funded Loan Volume growth was 56%, significantly outpacing the industry growth of 4%, while revenue grew by 77% year-over-year [1] - The company reported a net loss of approximately $40 million, an improvement of 33% compared to a loss of $59 million in Q4 2024 [1][3] - Adjusted EBITDA loss was $24 million, showing a 14% improvement year-over-year [1] Key Metrics - Warehouse financing capacity totaled $575 million as of December 31, 2025 [1] - The company maintained a strong liquidity position with approximately $229 million in cash and short-term investments [1] - D2C Funded Loan Volume comprised 56% of total funded loan volume, while Tinman AI Platform Funded Loan Volume accounted for 44% [1] Strategic Partnerships - The partnership with Intuit Credit Karma launched in Q4 2025, generating over 30,000 mortgage pre-approvals within five months [1] - The integration with ChatGPT is expected to open new distribution channels for the Tinman AI platform [1][2] Future Guidance - The company reaffirmed its goal to reach Adjusted EBITDA breakeven by the end of Q3 2026 and projected $1.0 billion in monthly loan volume by the end of May 2026 [1][2]

Core Insights - Better.com has partnered with OpenAI to integrate its AI mortgage engine, Tinman, into ChatGPT, enabling rapid mortgage approvals in seconds [1][8] - The Tinman AI Platform is currently available to loan officers and financial institutions, with potential future access for consumers [2] - The AI tool significantly reduces the mortgage underwriting time from an average of 21 days to approximately 2 minutes and 20 seconds [3] Cost Efficiency - Better.com has reduced the cost to originate a loan from the industry standard of $9,200 to around $3,000, passing these savings onto consumers [6] - The partnership with OpenAI is expected to further accelerate cost savings in the mortgage process [6] Industry Impact - The integration of Tinman into ChatGPT aims to address inefficiencies in the mortgage industry, which traditionally imposes a 1% to 2% tax on each loan for underwriting [6] - The Tinman engine is trained on over a decade of mortgage data, including $110 billion in funded loans and 12 million recorded customer calls [7] - Loan officers using the Tinman platform can potentially serve ten times more customers daily compared to traditional methods [8]