Earnings Call Summary | Better Home & Finance(BETR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Better Home & Finance(BETR.US) Q1 2024 Earnings Conference
The following is a summary of the Better Home & Finance Holding Company (BETR) Q1 2024 Earnings Call Transcript:
以下是Better Home & Finance Holding Company（BETR）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Better Home & Finance showed growth in Q1 2024 with the monthly origination volume more than doubling in April 2024 compared to November 2023.
Funded loan volume and revenue increased by 25% and 26% respectively when compared to Q4 2023.
The gain on sale margin increased to 2.37% in Q1 2024, up from 2.03% for the full year of 2023 due to pricing improvements and best execution optimization across the loan purchasers network.
The total expenses showed an increase of 7% in Q1 2024 compared to Q4 2023, recording a year-over-year reduction of 30%.
Better Home & Finance 在 2024 年第一季度實現增長，與 2023 年 11 月相比，2024 年 4 月的月度發放量翻了一番多。
與2023年第四季度相比，融資貸款量和收入分別增長了25％和26％。
由於定價改善和整個貸款購買者網絡的最佳執行優化，銷售利潤率從2023年全年的2.03％增至2024年第一季度的2.37％。
與2023年第四季度相比，2024年第一季度的總支出增長了7％，同比下降了30％。
Business Progress:
業務進展：
The company demonstrated strategic priority for 2024 through growth, showcasing early progress with increased loan volume and revenue, improved efficiency of operations, and expansion of the B2B channel.
The addition of Chad Smith as the President and COO of Better Mortgage Corporation is expected to drive growth and help scale various teams.
Increase in funded loan volume and expense management are being targeted for 2024 through automation and a variable sales compensation model.
They are actively seeking potential partnerships to grow their B2B mortgage channel in a cost-efficient manner.
The company plans to grow through the expansion of its B2C acquisition channels, B2B partnership pipeline and investments in its proprietary technology platform, Tinman.
There are plans to expand the use of HELOC products and collaborations with personal installment loan players and banks lacking a HELOC offering. The anticipated growth in the purchase sector is expected to be driven by improved conversion rates and recruiting realtors for their Better Agent Match and Better Duo programs.
該公司通過增長展示了2024年的戰略重點，展示了貸款量和收入的增加、運營效率的提高以及B2B渠道的擴張方面的早期進展。
查德·史密斯加入Better Mortgage Corporation的總裁兼首席運營官有望推動增長並幫助擴大各團隊的規模。
通過自動化和可變銷售補償模型，計劃在2024年增加融資貸款量和費用管理。
他們正在積極尋求潛在的合作伙伴關係，以具有成本效益的方式發展其B2B抵押貸款渠道。
該公司計劃通過擴大其B2C收購渠道、B2B合作渠道以及投資其專有技術平台Tinman來實現增長。
計劃擴大HELOC產品的使用範圍，並與缺乏HELOC產品的個人分期貸款參與者和銀行的合作。預計收購領域的預期增長將受到轉化率提高以及爲其Better Agent Match和Better Duo計劃招募房地產經紀人的推動。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。