Vishal Garg
Vishal Garg is the found and chief executive officer of Better Mortgage, an online mortgage lender that he founded in 2016. The goal from the onset was to re-engineer the mortgage process after Garg and his wife, while pursuing their first mortgage, had a subpar experience due to “inefficient processes, outdated technology, and general frustration”. Better Mortgage is headquartered in New York City and its services include mortgage, real estate, title and homeowners insurance.
In December 2021, Garg temporarily stepped down from his position as CEO after laying off 900 Better.com employees over a video call that ultimately leaked and went viral. It wasn’t the first time that the Better Mortgage CEO made negative headlines for his leadership style… In 2020, he made news for calling his employees “a bunch of dumb dolphins”. During a deposition in 2013, Garg threatened a former business partner that he would “staple him against a wall and burn him alive”.
Moving forward, Better Mortgage is set to go public with a $7.7 billion valuation after backing from Softbank.
Latest Posts
Better delivers $340M loss in Q3, plans to keep trimming expenses
Nov 14, 2023Better Home & Finance Holding, the parent of digital lender Better.com, recorded $340 million in losses in Q3 2023. It expects to originate $500M in mortgages in Q4.
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Better launches white-labeled mortgage-as-a-service platform
Nov 09, 2023 -
Federal judge dismisses Dodd-Frank Act violations, other claims against Better
Oct 04, 2023 -
Better faces $1.86M suit for breaching ad placement agreements
Aug 30, 2023 -
Better reports improved net loss of $45.5 million in Q2
Aug 28, 2023 -
Better’s shares plummet 93% in Nasdaq debut
Aug 24, 2023 -
Better closes merger with SPAC Aurora, unlocks $565M in fresh capital
Aug 23, 2023 -
Vishal Garg unveils Better’s new strategy as a publicly traded company
Aug 23, 2023 -
Better.com’s improbable IPO proposal is approved
Aug 11, 2023 -
SEC ends investigation into Better.com and SPAC partner’s alleged securities law violations
Aug 04, 2023 -
Aurora shareholders to vote on Better.com merger proposal
Jul 27, 2023 -
Aurora extends the Better.com merger deadline once again
Mar 02, 2023