Market Overview

Better Mortgage Welcomes Dr. Sean Hundtofte as Head of Credit Risk and Chief Economist

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Hundtofte brings extensive expertise in home finance and economic
forecasting to this newly-created position

Better
Mortgage
, a digital mortgage lender working to improve access to
affordable home financing for all Americans, is pleased to announce that
Dr. Sean Hundtofte has joined the company as Head of Credit Risk and
Chief Economist. In addition to evaluating risk, Dr. Hundtofte will lead
the research and analysis of economic trends and policy matters
affecting Better clients, nationwide.

"The housing market is constantly evolving, and it is critical that we
maintain a thorough understanding of both the challenges facing
homeowners, and the opportunities available to them. Sean's wealth of
expertise in this area allows us to do just that, while improving the
mortgage loan process in a way that is accessible and transparent," said
Vishal Garg, Better Mortgage CEO and co-founder. "We are excited to
welcome Sean to our team, as we work to support a new generation of home
buyers.

Hundtofte brings extensive housing finance research experience and
economic forecasting expertise to his new role. Prior to joining Better,
he served as a Financial Economist at the Federal Reserve Bank of New
York, where he evaluated financial sector risk and pursued research on
household finance and banking. Hundtofte's research in household finance
includes pieces on distortions
in U.S. housing markets
and the impact of bank regulatory policy on the
macroeconomy
and financial
risk
.

Prior to that, he managed mortgage and consumer loan investments for
Varde Partners, a large credit investment firm, and prior to that was an
Associate in the portfolio construction group at Bridgewater Investments.

"I am thrilled to work at a company that is dedicated to empowering
prospective homebuyers to take control over what is perhaps the most
significant financial transaction of their lives. At Better, I will have
the opportunity to apply my knowledge and expertise to real-world
consumers, while working with a team whose vision for a socially
conscious change in mortgage lending matches my own," said Hundtofte.
"Better offers buyers a straightforward, informative approach to
home-buying, and I hope to enhance this further through my research and
understanding of this marketplace."

Hundtofte received a B.A. in Computing Science at the University of
Glasgow, M.S.E. in Computer Science at Johns Hopkins University, M.B.A.
at Yale School of Management and a Ph.D. and M.A. in Financial Economics
from Yale University. He is a recipient of the Whitebox Advisors
Fellowship, Core Logic Research Grant, and the Best Discussion Award by
the Chicago Financial Institutions Conference, to name a few.

About Better Mortgage

Launched in 2016, Better.com is
the fastest growing homeownership company in America, digitizing and
automating every step of the home financing process to make
homeownership more affordable and accessible. Backed by Kleiner Perkins
and Goldman Sachs, Better is focused on customer advocacy, putting
consumers back in control of the most important financial decision of
their lives. Named Best Mortgage Lender for Customer Service by
NerdWallet, Better has an intuitive online platform, complemented by
non-commissioned staff that guides customers through the process,
starting with how much house they can afford or how much they can save,
all the way through to closing, completely jargon-free with airtight
certainty and the best rate possible. Better has originated over $1.5
billion in mortgages since its launch in 2016. For more information,
follow them on FacebookTwitter, and LinkedIn.

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