I see loan depot valuation at 8B with recent IPO and better.com at 4b(pre ipo). How is better.com different from loandepot and how are financially difference in both companies, market share difference, and revenue, growth opportunities different from both of them, please enlighten thank s #tech #bettermortgage #loandepot #mortgage
Loan depot just isn’t a tech company. They’ve been in the game longer and have a larger market share, but investment in tech allows us to optimize. The rates at which were increasing growth and profit margin per loan are pretty insane.
This is not factually accurate. Better has invested in the customer facing technology. The backend infrastructure needed to scale and originate cost efficiently is far more than just a website. If Better had such high margins why did they have a big round of layoffs?
What does this mean for better: https://www.reuters.com/article/usa-mortgages-ipo/analysis-mortgage-vendor-ipo-woes-reflect-us-housing-market-peak-idUSL1N2KO2FF
I believe better is more valuable because their website is more user friendly and very straight forward. I’m sure it’ll surpass loan depot soon
Correct! But I've heard bad things about better.com culture so dyor
I’m talking about from a customer perspective.