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after Garg and his wife, while pursuing their first mortgage, had a subpar experience due to “inefficient processes, outdated technology, and general frustration”.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 launches ‘Equity Unlocker’ to help Amazon employees buy homes
Feb 28, 2023Better.com has launched ‘Equity Unlocker,’ which allows Amazon employees to pledge vested equity as collateral for a down payment.
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Digital lender Better.com rolls out “one-day mortgage” program
Jan 25, 2023 -
Ally Financial takes a big hit on Better.com investment
Oct 20, 2022 -
Better.com extends deadline to go public via SPAC
Aug 29, 2022 -
Better.com conducts another round of layoffs
Aug 26, 2022 -
Better.com partners with Palantir on new proprietary loan platform
Aug 17, 2022 -
Better.com and Vishal Garg violated securities and labor laws, former exec says
Jun 08, 2022 -
Better.com, the rare lender to post huge losses in 2021
Apr 27, 2022 -
Better.com institutes third major layoff
Apr 19, 2022 -
Better.com to employees: Please quit
Apr 07, 2022 -
Layoffs, again: Better.com to ax 3,000 employees
Mar 08, 2022 -
Vishal Garg, CEO of Better.com, is back
Jan 19, 2022