Diane Yu, CTO of Better.com, has agreed to a voluntary separation plan that the digital mortgage lender offered earlier this week, according to a report by Bloomberg and as seen on Blind, an anonymous professional network. At the time, the company was at its peak, saying that it was underwriting $3 billion per month in mortgage loans and that it had hired over 4,000 employees since the start of the pandemic in March 2020 — a 10-month period. Over the past year, though, the number of refinancings declined significantly and home sales also took a dip in the face of rising mortgage interest rates.
Read more from the source Yahoo Finance: Better.com CTO steps down, agrees to voluntary separation in wake of mass layoffs, Published by: Mary Ann Azevedo
