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after Garg and his wife, while pursuing their first mortgage, had a subpar experience due to “inefficient processes, outdated technology, and general frustration”.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.com’s CEO Vishal Garg taking leave “effective immediately”
Dec 10, 2021Better.com CEO Vishal Garg is taking leave “effectively immediately,” according to an internal memo sent to employees of the digital mortgage lender on Friday.
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Better.com’s CEO apologizes, but the fallout continues
Dec 08, 2021 -
Better.com lays off LOs, secures $750M cash injection
Dec 01, 2021 -
Better.com forecasts another rough quarter
Nov 15, 2021 -
Better.com reports $86M loss in Q2 as margin narrows
Oct 06, 2021 -
Better.com to acquire UK-based digital mortgage brokerage
Jul 12, 2021 -
Better.com to go public via SPAC at $7.7B valuation
May 11, 2021 -
Blend, valued at $3.3B, plans to go public
Apr 16, 2021 -
Better.com nabs $500 million investment from SoftBank
Apr 09, 2021 -
Better.com to hire thousands from Google program
Mar 11, 2021 -
People movers: Better.com, Credit Plus, Foundation Title & Escrow
Jan 22, 2021