Re:Better.com CEO blasts laid-off employees, accusing them o...
by throwaway7653 on Monday December 06, 2021 @02:31PM
(#29464442)
Very, very different business model.
Better is a mortgage lender, historically a refi shop. We are more recently also a real estate agency. We sit on the buyer's side of the transaction.
OpenDoor is an iBuyer. They give sellers cash offers for houses and then flip them, helping to break the chain of sellers needing to sell one home to buy the next one. Basically they're a market maker for houses.
Better is a mortgage lender, historically a refi shop. We are more recently also a real estate agency. We sit on the buyer's side of the transaction.
OpenDoor is an iBuyer. They give sellers cash offers for houses and then flip them, helping to break the chain of sellers needing to sell one home to buy the next one. Basically they're a market maker for houses.