Better Home & Finance Holding Company (NASDAQ: BETR) announced it has amended its warehouse credit facility with a global banking institution, doubling the facility's capacity from $175 million to $350 million.

The expansion increases Better's total warehouse capacity from $575 million to $750 million. The company stated the additional capacity will support anticipated origination growth in coming months.

"As we head into what we expect to be a significant period of origination growth over the next few months, expanding our total warehouse capacity to $750 million will help us meet increasing borrower demand," said Rob Wilson, treasurer.

CEO and founder Vishal Garg cited the company's partnership channel with Credit Karma as generating lead flow. "Doubling the capacity of one our warehouse facilities is a direct reflection of the momentum we're already seeing and will prepare us for what comes next," Garg said.

Better operates as a mortgage and home equity finance platform that has funded more than $110 billion in loan volume since 2016. The company offers GSE-conforming mortgage loans, FHA and VA loans, and jumbo and Non-QM mortgage and home equity loans in all 50 U.S. states and the United Kingdom.