Buy BETR by Dec 18, 2026.

The more I look at Better, the less interested I am in treating this as a simple mortgage-rate bet. What I actually want to know is whether Tinman can work as infrastructure for other lenders, because if the answer is yes, Better becomes a much more interesting business than just another originator. NEO is probably the best real-world example so far. When they came onto Tinman, they were running at roughly a $1.5B annualized production rate. By March, that was …