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Stock impact report

Better's OpenAI move means mortgages will never be the same [Yahoo! Finance]

Better Home - Class A (BETR) 
Last better home - class a earnings: 11/7 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The mortgage business will often make money from something customers hate, which is friction. A frustrating and time-consuming mortgage application and approval process involves plenty of paperwork and a massive amount of regulation. It is no surprise that people rate it as equivalent to filing their annual taxes. Better Home & Finance (BETR) says its new Tinman app inside ChatGPT can help immensely in this regard, cutting the time needed for parts of mortgage underwriting from weeks to seconds. For borrowers, the value proposition is simple. Reducing users' stress will lead them to reward Better leading to a better stock price — simple value proposition and simple math. However, it raises another important question for investors: whether underwriting speed is becoming easier to buy, and whether that will impact margins at Rocket Companies ( RKT and UWM Holdings (UWMC) The mortgage industry , for several years, has repeated like a broken record that it is working toward cus Show less Read more
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