Definitions
A secured loan used to purchase a home
What is a mortgage?
What is an online lender? (Alternative answer: what is a direct lender?)
An institution that loans money
What is a lender?
The name of the platform we use, named after a Wizard of Oz character.
What is Tinman?
Where home loans are bought and sold between lenders and investors.
What is the secondary market?
New York, Charlotte, Irvine, Oakland, Gurgaon.
Where is Better located?
When a borrower fails to make due payments on the loan.
What is default?
Ally, Amex, and Compass
What are Better's partnerships?
A private company sponsored by the government that purchases mortgages. They also set the regulations for loans that we abide by.
Clients interested in starting a mortgage at Better must complete one of these.
A pre approval