Story perspectives

Better.com Launches AI App to Revolutionize Mortgage Process

3/6/2026

Summary

Better.com Innovates Mortgages

Better.com, a mortgage technology company, partnered with OpenAI to launch an AI-driven mortgage app within ChatGPT.
Tinman AI Platform reduces underwriting time from 21 days to 47 seconds.
The platform targets loan officers and financial institutions, potentially cutting costs.
Vishal Garg, Chief Executive Officer of Better.com, says the app could save consumers money by eliminating 1–2% fees charged by traditional lenders.
The partnership signals broader adoption across the mortgage industry.

Summary

Better.com Accelerates Lending

Better.com has launched the Tinman AI Platform within ChatGPT to underwrite loans in under three minutes, compared with the industry average of 21 days.
The platform integrates guidelines from more than 45 investors, including Fannie Mae and major banks.
Loan officers interact with Tinman through a conversational interface, boosting efficiency and enabling them to serve more customers.
Better plans include developing tools to further reduce loan origination costs.

History

Historical Context

The Home Mortgage Disclosure Act of 1975 mandated banks to disclose mortgage data, exposing lending disparities and prompting scrutiny of institutions like Fannie Mae. This scrutiny led to significant reforms, including the introduction of the Tinman AI Platform in 2023, which drastically reduces underwriting time, potentially transforming the mortgage industry and improving access to loans for consumers.

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Better.com Innovates Mortgages

Better.com, a mortgage technology company, partnered with OpenAI to launch an AI-driven mortgage app within ChatGPT.
Tinman AI Platform reduces underwriting time from 21 days to 47 seconds.
The platform targets loan officers and financial institutions, potentially cutting costs.
Vishal Garg, Chief Executive Officer of Better.com, says the app could save consumers money by eliminating 1–2% fees charged by traditional lenders.
The partnership signals broader adoption across the mortgage industry.

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