Better 2.0 Publishes Weekly Scorecard, Week 3: Mortgage Operations and Corporate Efficiency
Better Home & Finance published Week 3 of its Better 2.0 turnaround scorecard, adding $6.6 million in annualized savings from mortgage headcount efficiencies and vendor spend cuts. Completed actions now total $22.9 million in annualized savings against a target of approximately $64.2 million, with a further $1.7 million identified but not yet actioned. On capital allocation, the company repurchased 174,007 shares in the week, bringing total buybacks to 911,725 shares, or 6.9% of Class A shares outstanding.
Key figures
- Savings target
- $64.2 million
- Headcount savings
- $5.2 million
- Weekly new savings
- $6.6 million
- Identified pipeline
- $1.7 million
- New brokerages added
- 5
- Vendor spend savings
- $1.4 million
- Brokerages on platform
- 38
- Pct class a repurchased
- 6.9%
- Shares repurchased week
- 174007
- Shares repurchased total
- 911725
- Annualized savings to date
- $22.9 million
AI analysis
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