Better Home & Finance Holding Company (NASDAQ: BETR) said its board unanimously supports the transition to interim CEO Daniel Lewis, rejecting founder Vishal Garg’s efforts to remove directors amid an escalating leadership dispute.
The board’s Special Committee, which evaluated Garg’s campaign, stated that every director except Garg endorsed Lewis’s appointment and that Garg should have no continuing operational role at the company. Better disclosed the update on Monday, following the filing of a preliminary consent revocation statement with the U.S. Securities and Exchange Commission on August 19, 2026.
Despite the internal conflict, Better reported progress in operational performance. The company expects to exceed its targeted $45 million in annualized cost reductions and remains within published third-quarter guidance while targeting a return to growth. A newly launched partnership has generated the strongest initial performance by locked loan volume in Better’s history, the company said.
Better also confirmed it remains on track to introduce its wholesale program, powered by the upcoming launch of TinmanGo, alongside at least two additional enterprise partnerships. The sale process for its U.K.-based bank continues, with the company engaged with potential buyers.
Better operates an AI-native platform focused on mortgage and home equity financing. The board’s stance underscores its commitment to transitioning away from founder-led leadership while maintaining operational stability amid the dispute.
