Online Lender Better Mortgage Appoints Former OnDeck Employee Howard Katzenberg As New Chief Financial Officer

Better Mortgage, a digital mortgage company working to improve access to home financing through transparency, honest guidance, and zero commissions, announced on Monday it has appointed Howard Katzenberg as its new CFO. According to Better Mortgage, Katzenberg was the CFO of small business lending platform OnDeck (NYSE: ONDK), where he joined in 2008 as one of its first employees.

Better Mortgage reported that Katzenberg has spent the entirety of his career focused on innovation within financial services and brings with him a wealth of experience scaling operations of entrepreneurial businesses. He notably joins Better during a period of rapid growth, leveraging his experience to help Better meet increasing customer demand, which has grown 3x year over year as of Q1 2018.

“Katzenberg brings a wealth of experience to his role at Better. Under his financial leadership at OnDeck, he helped grow the firm’s revenues over 80% per year, scaled headcount to over 500 employees across three countries, raised over $1 billion in securitization and credit commitments and completed a $230 million initial public offering, one of the biggest IPOs of a venture-backed New York City company.”

Better Mortgage added hat Katzenberg will be based out of the New York City office. Under his leadership, the company is planning on building up its west coast offices by hiring new talent to allow the company to support more borrowers across the U.S. by being in two-time zones.

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