NEW YORK--(BUSINESS WIRE)-- Better Home & Finance Holding Company (NASDAQ: BETR) ("Better.com"), the AI-native home finance company, today announced that Finance of America Reverse LLC ("Finance of America", "FOA"), an industry-leading reverse mortgage lender and provider of home equity-based financing solutions for a modern retirement, will begin to offer home equity lines of credit (HELOC) and home equity loans (HELOAN) for the first time through Better.com's proprietary Tinman® AI Platform.

Through this partnership, Finance of America will offer its customer base access to the Tinman® AI platform which will offer 24/7 access to a fully digital application and approval process that can facilitate closing and funding of Better's home equity products in just a few days. Finance of America will also become Better's origination partner for reverse mortgages, including traditional HECM reverse mortgages and FOA's industry leading proprietary offering, the HomeSafe™ product suite, expanding Better's home equity platform to include first and second lien reverse mortgage options for homeowners 55+.