https://www.youtube.com/watch?v=X7GVklRqHRY
I have lost a few loans to Better because they just had some outrageous rates that I could not get close to. Usually I can be pretty competitive and beat most aggressive lenders like Owning except Better. At the time I had to believe they were taking losses or making no profit on some loans. I guess this confirms my suspicions now that the refi market is drying up.
It's a poor business model and you cannot run a refi heavy business without purchase loans and except to survive long term. Their strategy was very short sighted.
I have lost a few loans to Better because they just had some outrageous rates that I could not get close to. Usually I can be pretty competitive and beat most aggressive lenders like Owning except Better. At the time I had to believe they were taking losses or making no profit on some loans. I guess this confirms my suspicions now that the refi market is drying up.
It's a poor business model and you cannot run a refi heavy business without purchase loans and except to survive long term. Their strategy was very short sighted.