NEW YORK--(BUSINESS WIRE)--Better Mortgage, a digital mortgage lender working to improve access to affordable home financing for all Americans, is pleased to announce that Dr. Sean Hundtofte has joined the company as Head of Credit Risk and Chief Economist. In addition to evaluating risk, Dr. Hundtofte will lead the research and analysis of economic trends and policy matters affecting Better clients, nationwide.
“The housing market is constantly evolving, and it is critical that we maintain a thorough understanding of both the challenges facing homeowners, and the opportunities available to them. Sean’s wealth of expertise in this area allows us to do just that, while improving the mortgage loan process in a way that is accessible and transparent,” said Vishal Garg, Better Mortgage CEO and co-founder. “We are excited to welcome Sean to our team, as we work to support a new generation of home buyers.
Hundtofte brings extensive housing finance research experience and economic forecasting expertise to his new role. Prior to joining Better, he served as a Financial Economist at the Federal Reserve Bank of New York, where he evaluated financial sector risk and pursued research on household finance and banking. Hundtofte’s research in household finance includes pieces on distortions in U.S. housing markets and the impact of bank regulatory policy on the macroeconomy and financial risk.
Prior to that, he managed mortgage and consumer loan investments for Varde Partners, a large credit investment firm, and prior to that was an Associate in the portfolio construction group at Bridgewater Investments.
“I am thrilled to work at a company that is dedicated to empowering prospective homebuyers to take control over what is perhaps the most significant financial transaction of their lives. At Better, I will have the opportunity to apply my knowledge and expertise to real-world consumers, while working with a team whose vision for a socially conscious change in mortgage lending matches my own,” said Hundtofte. “Better offers buyers a straightforward, informative approach to home-buying, and I hope to enhance this further through my research and understanding of this marketplace.”
Hundtofte received a B.A. in Computing Science at the University of Glasgow, M.S.E. in Computer Science at Johns Hopkins University, M.B.A. at Yale School of Management and a Ph.D. and M.A. in Financial Economics from Yale University. He is a recipient of the Whitebox Advisors Fellowship, Core Logic Research Grant, and the Best Discussion Award by the Chicago Financial Institutions Conference, to name a few.
About Better Mortgage
Launched in 2016, Better.com is the fastest growing homeownership company in America, digitizing and automating every step of the home financing process to make homeownership more affordable and accessible. Backed by Kleiner Perkins and Goldman Sachs, Better is focused on customer advocacy, putting consumers back in control of the most important financial decision of their lives. Named Best Mortgage Lender for Customer Service by NerdWallet, Better has an intuitive online platform, complemented by non-commissioned staff that guides customers through the process, starting with how much house they can afford or how much they can save, all the way through to closing, completely jargon-free with airtight certainty and the best rate possible. Better has originated over $1.5 billion in mortgages since its launch in 2016. For more information, follow them on Facebook, Twitter, and LinkedIn.