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after Garg and his wife, while pursuing their first mortgage, had a subpar experience due to “inefficient processes, outdated technology, and general frustration”.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 narrows loss in 2023, aims to reach profitability soon
Mar 28, 2024The digital lender changed its operating model and plans to continue investments in its proprietary tech platform
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Digital lender Better.com launches one-day HELOC product
Mar 18, 2024 -
Better launches fully digital VA loan with no minimum down payment
Feb 15, 2024 -
Better delivers $340M loss in Q3, plans to keep trimming expenses
Nov 14, 2023 -
Better launches white-labeled mortgage-as-a-service platform
Nov 09, 2023 -
Federal judge dismisses Dodd-Frank Act violations, other claims against Better
Oct 04, 2023 -
Better faces $1.86M suit for breaching ad placement agreements
Aug 30, 2023 -
Better reports improved net loss of $45.5 million in Q2
Aug 28, 2023 -
Better’s shares plummet 93% in Nasdaq debut
Aug 24, 2023 -
Better closes merger with SPAC Aurora, unlocks $565M in fresh capital
Aug 23, 2023 -
Vishal Garg unveils Better’s new strategy as a publicly traded company
Aug 23, 2023 -
Better.com’s improbable IPO proposal is approved
Aug 11, 2023