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AURC (Aurora Acquisition Corp.) is no longer actively trading.
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AURC does not currently pay a dividend.
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Aurora Acquisition Corp. does not presently engage in substantial business activities. The company aims to complete a strategic business combination, which may take the form of a merger, share swap, asset acquisition, stock purchase, or corporate restructuring, involving one or more enterprises. Established in 2020, the firm's headquarters are situated in London, United Kingdom.
Online mortgage firm Better has partnered with OpenAI to launch a ChatGPT app that can cut mortgage underwriting from about 21 days to as little as 47 seconds, CNBC has learned. The tool combines Better's mortgage engine with OpenAI's models to automate dozens of underwriting checks for loan officers at banks, brokers and fintech firms.
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. Better.com finally went public last week, and the stock's performance was worse than expected.
Sometimes things go better, sometimes things go worse. Other times a mortgage lender goes public just as new American mortgage applications slump to the lowest level in 28 years.
In today's market, the company feeling considerable heat today is Better Home (NASDAQ:BETR), also known as Better.com. At the time of writing, BETR stock has plunged more than 93% from yesterday's close.
Shares of Better.com are getting hammered into the ground Thursday morning after the digital mortgage company completed its long-delayed SPAC merger and began to trade as a public company for the first time. When Better first announced plans to go public in 2021 at a $7.7 billion valuation, it was a different time.