The Tinman® AI Platform will help transform Finance of America’s home equity offerings, expanding product suite to include HELOCs and HELOANs for the first time ever.

Better Home & Finance Holding Company (NASDAQ: BETR) (“Better.com”), the AI-native home finance company, today announced that Finance of America Reverse LLC (“Finance of America”, “FOA”), an industry-leading reverse mortgage lender and provider of home equity-based financing solutions for a modern retirement, will begin to offer home equity lines of credit (HELOC) and home equity loans (HELOAN) for the first time through Better.com’s proprietary Tinman® AI Platform.

“Finance of America is a distinct leader, funding over $25 billion in reverse mortgage loans in the last decade. We are thrilled to partner with their team to expand their home equity offerings and help them serve more customers. By providing access to our cutting-edge Tinman® AI platform, Finance of America will begin to originate HELOCs and HELOANs for the first time ever,” said Vishal Garg, Founder & CEO of Better. “Leveraging the full stack of native AI capabilities Tinman® has to offer will empower Finance of America to enter the HELOC and HELOAN space and originate at scale without the need to stand up new systems on their own.”

Through this partnership, Finance of America will offer its customer base access to the Tinman® AI platform which will offer 24/7 access to a fully digital application and approval process that can facilitate closing and funding of Better’s home equity products in just a few days. Finance of America will also become Better’s origination partner for reverse mortgages, including traditional HECM reverse mortgages and FOA’s industry leading proprietary offering, the HomeSafe™ product suite, expanding Better’s home equity platform to include first and second lien reverse mortgage options for homeowners 55+.

“At Finance of America, our mission is to help homeowners over 55 access their home equity in ways that allow them to reach the full potential of their retirement,” said Kristen Sieffert, President of Finance of America. “Partnering with Better expands our suite of home equity solutions beyond reverse mortgage solutions and enables us to serve our customer base holistically. Better’s plug-and-play technology lets us instantly offer and originate these new products without additional infrastructure, while its native AI capabilities ensure a seamless and efficient experience for both borrowers and our team. Together, we’re making it easier than ever for homeowners to reach their goals through the power of their home equity.”

Through the Tinman® AI Platform, Finance of America will now be able to:

• Instantly offer and originate HELOCs and HELOANs without needing to hire new teams or build internal infrastructure through Tinman®’s “plug-and-play" capabilities.
• Dynamically provide its customers with the best rate and fee combinations available for variable-rate HELOCs and fixed-rate HELOANs through both its loan originators and via its private labeled experience.
• Simplify tasks for personnel by leveraging the power of Tinman®’s native-AI and machine learning capabilities for the most efficient loan origination of second liens possible.
• Implement its own version of Betsy™, the first voice-based AI loan assistant, built exclusively for the mortgage and home equity industry—to facilitate multi-channel consumer interactions, sales tasks, loan processing, underwriting and closing tasks 24/7.

About Finance of America

Finance of America Reverse LLC is a subsidiary of Finance of America Companies Inc. (NYSE: FOA) (“FOA”). FOA is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors. FOA is headquartered in Plano, Texas.

To learn more about FOA, please visit our investor-oriented website at www.financeofamericacompanies.com. To learn more about Finance of America and its product offerings, please visit our consumer-oriented website at www.financeofamerica.com.

About Better Home & Finance Holding Company

Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-powered mortgage lender and first fintech to fund more than $100 billion in mortgage volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan assistant built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. In January 2023, Better launched "One Day Mortgage,” allowing eligible customers to go from click to Commitment Letter within 24 hours. Better won the 2025 Fintech Breakthrough Awards for Digital Mortgage Innovation, and was named Best Online Mortgage Lender by Forbes and Best Mortgage Lender for Affordability by WSJ in 2023, ranked #1 on LinkedIn’s Top Startups List for 2021 and 2020, #1 on Fortune’s Best Small and Medium Workplaces in New York, #15 on CNBC’s Disruptor 50 2020 list, and was listed on Forbes FinTech 50 for 2020. Better serves customers in all 50 US states and the United Kingdom.

The Tinman® AI Platform is a modular, API-accessible solution now available to lenders and brokers across the nation. To learn more, visit Better.com/b/Tinman.

For more information, follow @betterdotcom on Instagram and TikTok.

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