Key facts
- Yaccarino will help scale Better's AI-native homeownership strategy.
- Better reported $1.39 billion in loan volume for the third quarter.
- The company aims for $64.2 million in annualized expense reductions.
Former X CEO Linda Yaccarino has joined the board of directors at Better Home & Finance Holding Co. as an independent member. Her appointment follows a period of governance turmoil during which founder Vishal Garg regained control of the company and reconstituted the board. Yaccarino, who previously led advertising sales at NBCUniversal, stated that her experience with X Money highlighted the friction in financial services, particularly for American families seeking mortgages. She believes Better's AI-native strategy will make the mortgage process more affordable, accessible, and transparent. Better reported preliminary third-quarter results, showing loan volume of $1.39 billion, a 15% increase from the previous year. The company also launched its Better 2.0 weekly management scorecard, detailing plans for cost savings, with $13 million in annualized reductions already implemented and a target of $51 million more over the next four weeks.