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after Garg and his wife, while pursuing their first mortgage, had a subpar experience due to “inefficient processes, outdated technology, and general frustration”.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 says its HELOC product has helped borrowers pay off $193M in debt
Sep 10, 2025Better reported $80 million in monthly HELOC and home equity loan originations as of the second quarter of 2025.
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Better CFO Kevin Ryan adds Houlihan Lokey role amid executive shake-up
Aug 15, 2025 -
Better’s losses are shrinking. It could break even by late 2026
Aug 07, 2025 -
Better hires former FHFA AI leader Leah Price
Jun 10, 2025 -
Better leans on AI, sees first profitable month since 2022
May 13, 2025 -
Better to retire $530M in debt through deal with SoftBank arm
Apr 14, 2025 -
Vishal Garg says Better’s AI could underwrite 75% of mortgages by year’s end
Mar 19, 2025 -
Better’s focus on efficiency leads to revenue growth, smaller net loss in 2024
Mar 19, 2025 -
Better.com reports 400% growth for home equity lending business
Feb 20, 2025 -
Better announces ‘Better Forever’ borrower loyalty program
Feb 05, 2025 -
Better launches voice-based AI loan assistant
Oct 17, 2024 -
Vishal Garg ruled to pay $5.5M in a decade-long lawsuit
Jul 05, 2024