Better Home & Finance Holding Company

Good afternoon, ladies and gentlemen, and welcome to the Better Home & Finance Holding Company third quarter 2026 results conference call. At this time, all lines are in listen-only mode, and following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Monday, November 9th, 2026. I would now like to turn the conference call over to Mr. Tarek Afifi, Corporate Office, Please go ahead.

Welcome to Better Home & Finance Holding Company's third quarter 2026 earnings conference call. My name is Tarek Afifi. I'm Better's corporate finance team. Joining me on today's call are Vishal Garg, founder and head of product, platform, and innovation of Better, and Loveen Advani, chief financial officer of Better. In addition to this conference call, please direct your attention to our third quarter earnings release. which is available on our investor relations website. Also available on our website is an investor presentation. Certain statements we make today may constitute forward-looking statements within the meeting of federal securities laws that are based on current expectations and assumptions. These expectations and assumptions are subject to risks, uncertainties, and other factors as discussed further in our SEC filings that could cause our actual results to differ materially from our historical results. We assume no responsibility to update forward-looking statements other than as required by law. During today's discussion, management will discuss certain non-GAAP financial measures which we believe are relevant in assessing the company's financial performance. These non-GAAP financial measures should not be considered replacements for and should be read together with our GAAP results. These non-GAAP financial measures are reconciled to GAAP financial measures in today's earnings release and investment presentation. Both of which are available on the investor relations section of Better's website and when filed in our quarterly report on Form 10Q with the SEC. More information as of and for the period ended September 30th, 2026 will be provided upon filing our quarterly report on Form 10Q with the SEC. I will now turn the call over to Vishal.

Good afternoon, everyone, and thank you for joining us. Welcome to Better 2.0. It is so great to be back with you all. Getting here was a hard fought battle, and we won the proxy contest because our shareholders believed in us. I would not be on this call today without you. To every shareholder who took the time to sign and send back a green consent card, to our employees who kept serving our customers through all of this, and to our business partners who stuck by us, thank you for continuing to believe in better. You gave us the opportunity to get this company back on track, and now it's on us to deliver. Better 2.0 is a return to the culture that grew this company exponentially in our early years. From $500 million in loan volume in 2017 to $58 billion in loan volume funded in 2021. From about $3 million a quarter in revenue to $430 million a quarter in revenue in 2021. And to a company that at its peak was generating $50 million a month in EBITDA.