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after Garg and his wife, while pursuing their first mortgage, had a subpar experience due to “inefficient processes, outdated technology, and general frustration”.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.com to employees: Please quit
Apr 07, 2022After axing almost 4,000 employees since December and receiving a staggering amount of bad press, mortgage originator Better.com has adopted a new approach to reduce its workforce: the company is asking staff if they want to leave voluntarily with benefits.
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Layoffs, again: Better.com to ax 3,000 employees
Mar 08, 2022 -
Vishal Garg, CEO of Better.com, is back
Jan 19, 2022 -
Better.com’s CEO Vishal Garg taking leave “effective immediately”
Dec 10, 2021 -
Better.com’s CEO apologizes, but the fallout continues
Dec 08, 2021 -
Better.com lays off LOs, secures $750M cash injection
Dec 01, 2021 -
Better.com forecasts another rough quarter
Nov 15, 2021 -
Better.com reports $86M loss in Q2 as margin narrows
Oct 06, 2021 -
Better.com to acquire UK-based digital mortgage brokerage
Jul 12, 2021 -
Better.com to go public via SPAC at $7.7B valuation
May 11, 2021 -
Blend, valued at $3.3B, plans to go public
Apr 16, 2021