Better.com rolls out upgraded mortgage platform

“This will make it easier for GSEs and mortgage industry investors to make richer and deeper data-driven mortgage capital allocation decisions,” Better said in a statement. “For the first time, simultaneous changes to pricing and eligibility criteria will allow capital to flow into underwriting attributes that are more than the traditional GSE Loan Level Pricing Adjustment grid.”

Better CEO Vishal Garg commented: “The marriage of Foundry and Tinman will permit a GSE to identify portfolio rebalancing opportunities and almost instantly identify the specific points to target to ensure optimal pricing and credit with ease and new speeds not seen in the mortgage market. This type of tool is a key step in achieving a fairer and better housing finance market.”

“Equitable access to homeownership is exactly the type of complex, data-driven problem Palantir was built to help solve,” said Shyam Sankar, chief operations officer of Palantir. “We’re excited that Better has selected Palantir as the operating system to build its next generation of tools on and to support Better in offering their platform to GSEs and other private portfolio managers to identify and rebalance their loan exposures.”