The partnership enables FOA to offer new home equity products without building additional infrastructure, using Tinman’s plug-and-play AI technology. Borrowers will benefit from dynamic rate and fee optimization and a fully digital, 24/7 AI-powered application and approval process.
FOA’s traditional Home Equity Conversion Mortgage (HECM) and HomeSafe proprietary product suite will also be available through Better’s platform.
“Finance of America is a distinct leader, funding over $25 billion in reverse mortgage loans in the last decade,” Vishal Garg, founder and CEO of Better, said in a statement. “Together, we’re playing to our complementary strengths — combining Finance of America’s deep expertise with Better’s Tinman AI technology to deliver a faster, smarter, and more accessible borrowing experience.”
Better said it will initially leverage traditional reverse mortgage technology infrastructure but plans to integrate first- and second-lien home equity solutions — including reverse mortgages, HELOCs and home equity loans — into a unified AI-powered digital ecosystem.
In September, FOA held an 18.5% market share of the HECM market with 411 endorsements, making it the second-largest reverse mortgage lender behind Mutual of Omaha Mortgage, which originated 464 loans for a 21% share.
The partnership comes as Better expands its financing capabilities with a $75 million at-the-market stock offering. In late September, the company announced agreements to provide mortgage financing for a top-five personal finance platform with more than 50 million customers, as well as home equity loans for a top-five nonbank mortgage originator and servicer.
Better funded $1.2 billion in loans in the second quarter, up from $868 million in the previous quarter and $962 million one year ago. The company reported a net loss of $36 million in Q2 2025, improving on a $50.5 million net loss to start 2025.
