Better Home & Finance is a technology-driven residential mortgage originator that operates primarily through a fully digital platform. Better originates purchase mortgages, refinance loans, and home equity products (HELOCs and closed-end second liens) across all 50 states, then sells every loan to institutional investors — including Fannie Mae, Freddie Mac, and 45+ others — earning a gain-on-sale spread rather than holding loans or mortgage servicing rights on its balance sheet. Better reaches borrowers through two main channels: a direct-to-consumer (D2C) business where borrowers apply through better.com, and a platform channel where Better powers mortgage origination for third-party partners — financial institutions, fintechs, and retail loan officer teams — using its proprietary Tinman AI platform. The platform channel carries near-zero customer acquisition cost and meaningfully higher gain-on-sale margins than D2C. Tinman is Better's end-to-end mortgage origination system, replacing what is typically seven to eight separate vendor systems at a traditional lender. Better also licenses Tinman to banks and credit unions as a B2B SaaS product, charging on a per-funded-loan basis. Betsy, Better's AI mortgage assistant, handles customer interactions from inquiry through rate lock. Better also offers ancillary homeownership services — real estate referrals, title, and homeowners insurance — through its Better Plus unit, earning referral fees.