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Digital mortgage company expands to five new states

The company  added 13 states  to its footprint in 2018, and already added four new states earlier this year .

Now, the company is making its services available in Montana, New Mexico, Rhode Island, Nebraska, and Wyoming.

That expansion brings Better to 36 states, representing approximately 80% of the U.S. mortgage volume.

The expansion comes on the heels of several big moves for Better. Earlier this year, the company  announced  that  American Express Ventures , the strategic investment group of  American Express , led its $70 million Series C funding round.

But American Express isn’t the only big name among Better’s backers. In February, Citigroup invested in Better, and Goldman Sachs was one of the company’s earlier backers .

And just a few weeks ago, Better announced that Ally Financial was also making in investment in the company as part of a deal that will see Ally and Better partner to launch Ally’s digital mortgage platform.

Ally Financial partnering with to launch digital mortgage platform

Ally and Better announced Thursday that the companies are partnering to launch a digital mortgage platform for Ally.

Specifically, the companies are launching a “new end-to-end digital experience for consumers looking for a mortgage loan from Ally.”

And beyond simply partnering to go digital, Ally is also investing in Better.

According to the companies, Ally is making an “add-on investment” to Better’s recent Series C funding round , which saw the company raise $70 million.

That funding was led by  American Express Ventures  and the  Healthcare of Ontario Pension Plan , and included participation from some of Better’s earlier investors , which include Goldman Sachs , Kleiner Perkins , and Pine Brook .

Now, Better is also backed by Ally. As part of this deal, Ally is buying a piece of Better as well. According

Is a mortgage broker or a financial advisor better when you want help getting a good mortgage deal?

We know how much we want and know we can afford it, we just want to go over the options and get a good deal, but I don't know who would have more options, be more honest, etc. We are in the UK.

The difference between a mortgage adviser and a financial adviser is the qualifications they hold.

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