TechCrunch reported that Better.com is shutting down its real estate business

 

TechCrunch reported that Better.com is shutting down its real estate business and laid off its real estate team.  The digital mortgage lender is pivoting from an in-house agent to a partnership agent model.  A person affected by the decision told TechCrunch that the agents received little to no severance after taking a 50% salary cut in November.  According to sources, the real estate team was considered the company's baby as it invested a considerable amount in it in 2022.  Since Dec. 2021, Better.com has been systematically laying off workers and has let go of thousands of employees. The company has not released any statement yet.