Garg said Better is at an “important inflection point” and that now is the right time for new leadership. “I hope to help the new CEO and the board in executing the roadmap we have laid out. “It’s been a long path to get here from the highs of the mortgage industry in 2021 when better last shined. “Looking ahead, Better will win by leveraging that experience to manufacture mortgages efficiently, not by outspending competitors on customer acquisition,” Lewis said. Better now expects annualized cost reductions to exceed $45 million by year’s end, up from its prior $25 million target.