Better Mortgage NMLS #330511
At a glance
- HeadquartersNew York, NY
- Size14,567 home loans closed in 2025
- Loan typesConventional and FHA
- Licensed in45 states
- Formed in2003
2025 figures are for BETTER MORTGAGE CORPORATION's filing.
What it closes
Share of its 2025 home loans: 90% Conventional, 8% FHA and 2% Other types.
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Who is Better Mortgage?
Better Mortgage (NMLS #330511) is a lender listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Is Better Mortgage legit?
Here's what public licensing records show. Better Mortgage holds mortgage licenses in 45 states, including Alaska, Arizona, Arkansas, California, Colorado (NMLS ID #330511, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
Key Facts
- Lender or brokerBetter Mortgage
- NMLS #330511
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- In the FreeRateUpdate network since
- Profile updated
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About Better Mortgage
Overview
Better Mortgage is a direct mortgage lender that offers VA loans and home equity lines of credit. Borrowers can work with it through a multi-state branch network.
Mortgage options
Better Mortgage offers VA loans and home equity lines of credit; in 2025, it also made conventional and FHA loans. Its loans that year were for home purchases, refinances, cash-out refinances and home improvement.
Locations
Better Mortgage has 65 branches in 29 states, with offices in states including California, Florida, New York, Texas and Washington.
Company details and licensing
Better Mortgage Corporation is a California corporation headquartered at 1 World Trade Center, 80th Floor, in New York. It was formed on February 25, 2003. It also uses the trade names Better.com and NEO Home Loans. Its NMLS company ID is 330511.
It is licensed in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.
Verify NMLS #330511 on NMLS Consumer Access
Sources
Sources last checked . These are the outside records this profile was written from. FreeRateUpdate is not affiliated with them, and they have not reviewed, endorsed, or approved FreeRateUpdate or this page.
Formation date and trade names come from NMLS registry records. FreeRateUpdate is not affiliated with NMLS, and NMLS has not reviewed, endorsed, or approved FreeRateUpdate or this page.
Additional information
Reported application outcomes and pricing, 2025
- Filed asBETTER MORTGAGE CORPORATION
- 2025 home loan decisionsOf 27,384 applications decided by BETTER MORTGAGE CORPORATION in 2025, 14,567 were originated, 463 were approved but not accepted by the borrower, and 12,354 were denied.
- Approval rate: approved (originated plus approved but not accepted) as a share of applications decided (approved plus denied) = 54.9%. Withdrawn, incomplete and purchased loans are not counted.
- Withdrawn, incomplete and purchasedBeyond the decisions above, 11,371 applications were withdrawn by the borrower, 6,927 were closed for incompleteness, and 333 loans were purchased from another lender. HMDA counts these as outcomes in their own right — withdrawn before a decision, closed with no decision reached, and a purchased loan is one bought from another lender — and none of them is a lending decision.
- Median rate spread0.639 percentage points above the average prime offer rate (reported on 12,253 originations, 2,314 reported no spread at all — a median of what was reported, not of everything originated)
These are reported outcomes from past applications, and on their own they do not show how this lender treated any borrower.
Reported closing costs, 2025
- Median total loan costs$5,333.00 — originated closed-end household loans, 2025, 9,195 loans. FFIEC HMDA data browser.
- Median origination charges$2,365.46 — originated closed-end household loans, 2025, 8,663 of 9,195 loans. FFIEC HMDA data browser.
- About these figuresThese are historical closing costs reported in the 2025 filing, not a quote for your loan.
Reported product mix, 2025
- Loan types13,075 Conventional, 1,175 FHA, 317 VA — of 14,567 reported originations, 2025. FFIEC HMDA data browser.
Evidence read October 20, 2026
Source: FFIEC HMDA data browser, 2025 filing. Historical HMDA-reported application outcomes and pricing fields for BETTER MORTGAGE CORPORATION — historical outcomes for the applications it decided. This is not a statement of any consumer's likelihood of approval and not a current rate quote.
Frequently Asked Questions
Is Better Mortgage legit?
Here's what public licensing records show. Better Mortgage holds mortgage licenses in 45 states, including Alaska, Arizona, Arkansas, California, Colorado (NMLS ID #330511, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
What is Better Mortgage's NMLS number?
Better Mortgage's NMLS number is 330511. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Better Mortgage's NMLS ID?
Yes. We checked Better Mortgage's company name and NMLS ID against the NMLS record on August 7, 2026. They've been in our lender network since July 2020. That confirms who the company is. It isn't an endorsement, and it doesn't check their license in any particular state.
Where can I learn more about Better Mortgage?
This page has Better Mortgage's NMLS identity, which we verified, and its company details, with links to the records they come from where we have them. For its license status in a particular state, check NMLS Consumer Access.