{"id":63707,"date":"2026-08-04T03:00:20","date_gmt":"2026-08-04T01:00:20","guid":{"rendered":"https:\/\/housesmarketplace.com\/vishal-garg-steps-down-at-better-board-names-daniel-lewis-interim-ceo\/"},"modified":"2026-08-04T03:00:20","modified_gmt":"2026-08-04T01:00:20","slug":"vishal-garg-steps-down-at-better-board-names-daniel-lewis-interim-ceo","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/vishal-garg-steps-down-at-better-board-names-daniel-lewis-interim-ceo\/","title":{"rendered":"Vishal Garg steps down at Better, board names Daniel Lewis interim CEO"},"content":{"rendered":"
\n

Better Home & Finance Holding Co.<\/strong> has appointed board member Daniel Lewis<\/a> as interim CEO effective immediately, replacing founder \u0412\u0438\u0448\u0430\u043b \u0413\u0430\u0440\u0433<\/a>, \u2014 \u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u044f \u0432 \u043f\u043e\u043d\u0435\u0434\u0435\u043b\u044c\u043d\u0438\u043a.<\/p>\n

Garg will remain on the company\u2019s board and work with Lewis to ensure an orderly leadership transition. As interim CEO, Lewis will manage the organization, execute the board-approved operating plan and set the company\u2019s strategic direction. He brings more than 30 years of operating, investment and governance experience.<\/p>\n

From 2018 to 2023, Lewis served as CEO of Ascend Fundraising Solutions<\/strong>, a Toronto-based software company. Before that, he worked for \u0421\u0438\u0442\u0438\u0433\u0440\u0443\u043f<\/strong> \u0438 \u043e\u0441\u043d\u043e\u0432\u0430\u043b Orange Capital LLC<\/strong>. <\/p>\n

\u201cUnder Vishal\u2019s leadership, Better built Tinman<\/a> and established Betsy<\/a>, bringing automation to a process that had not changed in decades,\u201d Harit Talwar, chairman of the board, said in a statement.<\/p>\n

Garg said Better is at an \u201cimportant inflection point\u201d and that now is the right time for new leadership. He noted that in the past 10 years, the company has helped more than 600,000 customers buy or refinance homes, with more than $110 billion in loan volume.<\/p>\n

\u201cI remain Better\u2019s founder, a board director, its single largest voting shareholder by a large margin, and am invested in its long term success,\u201d Garg said in an exclusive response to \u0416\u0438\u043b\u044c\u0435\u041f\u0440\u043e\u0432\u043e\u043b\u043e\u043a\u0430<\/strong>. \u201cI hope to help the new CEO and the board in executing the roadmap we have laid out. We are close to profitability and are experiencing massive growth despite a terrible interest rate environment<\/a>.<\/p>\n

\u201cIt\u2019s been a long path to get here from the highs of the mortgage industry in 2021 when better last shined. AI is going to disrupt every aspect of consumer finance, and I hope Better can remain the leader in AI and push forward even harder in the coming years ahead on its adoption across the mortgage industry with Tinman.\u201d<\/p>\n

The company said the \u201coverwhelming majority\u201d of Lewis\u2019s compensation, to be determined by the board, will be tied to shareholder returns and long-term operating performance. That structure is meant to align leadership with investors as Better pushes toward profitability<\/a>.<\/p>\n

Strategy under Lewis<\/h2>\n

Better is sharpening its strategy around a platform model in which partners own customer acquisitions while Better focuses on efficient mortgage manufacturing and technology.<\/p>\n

\u201cLooking ahead, Better will win by leveraging that experience to manufacture mortgages efficiently, not by outspending competitors on customer acquisition,\u201d Lewis said.<\/p>\n

He said all of Better\u2019s distribution channels run on its Tinman platform, which provides technology, \u0430\u043d\u0434\u0435\u0440\u0440\u0430\u0439\u0442\u0438\u043d\u0433<\/a>, operations, capital markets and regulatory infrastructure. The goal is to scale volume with structurally lower unit economics while maintaining service levels.<\/p>\n

In a statement, Lewis added that current priorities extend beyond existing cost cuts. Better now expects annualized cost reductions to exceed $45 million by year\u2019s end, up from its prior $25 million target.<\/p>\n

Better also released preliminary \u0437\u0430\u0440\u0430\u0431\u043e\u0442\u043e\u043a<\/a> results for the second quarter, which are in line with earlier guidance. This includes funded loan volume ($1.67 billion, up 45% year over year), revenue ($54.7 million, up 28% year over year), net loss ($30.6 million) and adjusted EBITDA (-$14.0 million, including a $6.5 million benefit from a TRID reserve release tied to loans originated before June 2022.)<\/p>\n

The company said these figures are based on its estimates and remain subject to completion of financial closing procedures. Better has moved its second-quarter earnings release and investor call to after market close on Aug. 6, ahead of the previously scheduled data of Aug. 10.<\/p>\n

Better also said it continues to pursue a sale of its U.K. bank subsidiary<\/a>, Birmingham Bank<\/strong>, through a process led by FT Partners<\/strong>.<\/p>\n

\u041f\u0440\u0438\u043c\u0435\u0447\u0430\u043d\u0438\u0435 \u0440\u0435\u0434\u0430\u043a\u0442\u043e\u0440\u0430:<\/strong> This article was updated with comments from Vishal Garg.<\/em><\/p>\n

This article was written by Fl\u00e1via Furlan Nunes and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Better Home & Finance Holding Co. has appointed board member Daniel Lewis as interim CEO effective immediately, replacing founder Vishal Garg, the company announced Monday. Garg will remain on the company\u2019s board and work with Lewis to ensure an orderly leadership transition. As interim CEO, Lewis will manage the organization, execute the board-approved operating plan […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63707","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nVishal Garg steps down at Better, board names Daniel Lewis interim CEO - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/vishal-garg-steps-down-at-better-board-names-daniel-lewis-interim-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vishal Garg steps down at Better, board names Daniel Lewis interim CEO\" \/>\n<meta property=\"og:description\" content=\"Better Home & Finance Holding Co. has appointed board member Daniel Lewis as interim CEO effective immediately, replacing founder Vishal Garg, the company announced Monday. 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