{ "docId": "019de517-2108-7588-ab5d-678764937096", "docSlug": "e804418aa1bf3e82d3876208c4039e57", "documentTitle": "Better | Results Presentation Deck | 17 slides", "authorId": "better", "authorName": "Better", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 8, "pageCount": 17, "prevPage": 7, "nextPage": 9, "slideType": "kpi_overview", "function": "quantify_opportunity", "density": "overcrowded", "nDataPoints": 14, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-2108-7588-ab5d-678764937096/8", "deckHref": "/decks/019de517-2108-7588-ab5d-678764937096", "deckJsonHref": "/decks/019de517-2108-7588-ab5d-678764937096.json", "deckAnchorHref": "/decks/019de517-2108-7588-ab5d-678764937096#slide-8", "components": [ { "bbox": { "h": 0.2, "w": 0.16, "x": 0.23, "y": 0.34 }, "kind": "chart", "text": "Average Rate on Fixed 30-yr Fannie Conforming Mortgage¹\n4.37% 4.63%\nAvg. from 2018 - Q2'23", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "40e2cbb6-f610-48cb-9fa2-7873da4ba51c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.16, "x": 0.42, "y": 0.42 }, "kind": "chart", "text": "Closings per US Fulfillment Employee per Month²\n9.6 3.3\nQ3'23 Q4'22", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "47b2176d-c361-4f40-b1bc-0f90c607db49", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.16, "x": 0.8, "y": 0.6 }, "kind": "chart", "text": "Delinquency Rate⁴\n0.08% 1.54%\nQ3'22 LTM", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7e03067b-84bc-41eb-802f-4818c2cc98b6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.16, "x": 0.23, "y": 0.6 }, "kind": "chart", "text": "Purchase Approval Rate\n64% 78%\n1H'20 1H'23", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "861c01a6-4637-4d01-8142-51cce6ba7abd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.34, "w": 0.16, "x": 0.61, "y": 0.43 }, "kind": "chart", "text": "HELOC Locks per Week\n13 45\nQ1'23 (Launch) Q3'23", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "eb0d6f1a-c066-4420-923a-90403e02a132", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.16, "x": 0.8, "y": 0.34 }, "kind": "chart", "text": "Post Closing Defect Rate³\n0.94% 2.07%\n2022", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fb964e73-48cf-4f27-aea7-bea54092a7c8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.14, "x": 0.05, "y": 0.38 }, "kind": "image", "text": "One Day Mortgage", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1d8fa763-bf08-4e4c-b219-64616f8092eb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.027, "w": 0.169, "x": 0.73, "y": 0.08 }, "kind": "legend", "text": "Better Industry Average", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "91e2e8b8-30d7-4043-bd1f-51a9a21eeb3d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.16, "w": 0.18, "x": 0.6, "y": 0.16 }, "kind": "list", "text": "4 Flexibly launch new products to meet market demand\nLaunched HELOC in Q1 2023 and scaled locked volume 250% Q1'23 vs. Q3'23", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0a26a17d-9bb7-4391-9ec0-641a691e1d31", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.53, "w": 0.18, "x": 0.03, "y": 0.16 }, "kind": "list", "text": "1 Better Customer Experience\nGet certainty on a mortgage within 24-hours\n8 hours Average Commitment Letter turnaround since program launch in Q1'23", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "93ebab8c-98ce-4442-a3dc-0c35a0d15244", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.16, "w": 0.18, "x": 0.22, "y": 0.16 }, "kind": "list", "text": "2 Lower Rates, Higher Approvals for Customers\nPass technology cost savings through to the customers", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a12654e6-11c4-4873-95e9-0b607b047e9f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.16, "w": 0.18, "x": 0.41, "y": 0.16 }, "kind": "list", "text": "3 Increased labor productivity & lower labor cost\nAutomation drives higher output and ability to leverage less specialized labor", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "de8c6a07-4cc1-42fa-9305-512f0dd1d01c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.13, "w": 0.18, "x": 0.79, "y": 0.16 }, "kind": "list", "text": "5 Superior loan quality\nOutperforming industry on defect and delinquency rates", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fbf6d3b6-627b-429b-aa9e-e1466a616dfb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.86, "x": 0.105, "y": 0.91 }, "kind": "source-note", "text": "1. Industry Source: MBA Weekly Application Survey - MBA: FRM 30-Year Contract Interest Rate and Points\n2. Industry Source: Industry Avg. Source MBA Q4 2022 Market Performance Report p10: Median Productivity - Retail/CD Only (Note: Q4 was last available industry data to benchmark)\n3. Industry Source: ACES Quality Management: Mortgage QC Industry Trends, Q4 2022\n4. Measuring percent loans 180+ days delinquent, Industry source: Single Family Loan Performance For 2017-2022 Vintage vs Fannie Mae Portfolio", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c22de9e1-7432-4822-b6fc-6215f91ab757", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.037, "w": 0.65, "x": 0.025, "y": 0.04 }, "kind": "title", "text": "Our proprietary technology delivers tangible results", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0329f157-c87d-425b-a4cf-0b64fb79df4f", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 9, "from": 7, "beatId": "28e477bd-f7bd-4b5c-b706-d8b96458f898", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Solution", "beatSlug": "sequoia-pitch-solution", "evidence": "Our end-to-end proprietary technology, Tinman", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 14, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e14c53e6-3a11-40c6-83ac-9b00477ed0ec", "evidence": "Mortgage process remains challenging for consumers and MBA & Fannie forecasting refinance expected to nearly double by 2025", "position": 0, "objective": "Highlighting the challenges in the mortgage process and the expected growth in refinance volume", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }