Real Estate

Better.com: 2020 CNBC Disruptor 50

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Founder: Vishal Garg (CEO)
Launched: 2016
Headquarters: New York City
Funding:
 $254 million
Valuation: N/A
Key technologies:
AI, cloud computing, machine learning
Industry:
 Digital mortgages
Previous appearances on Disruptor 50 List: 0

This digital mortgage company has seen a 200% increase in applications since the coronavirus pandemic began in the U.S., funding $1 billion in mortgage loans in March and $1.4 billion in April. The New York City-based company was started in 2016 by Vishal Garg, a former analyst with Morgan Stanley, after a deal to buy a house for his family fell through. An all-cash buyer was able to beat the timing of his traditional mortgage lender, and that’s when Garg…



Source cnbc.com

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