May 17, 2022 New York, NY – Better, a leading digital homeownership company, announced today that Mike Julius has joined the company as Head of Capital Markets, where he will lead capital market activities and Better’s relationships with external brokers and dealers.
“Mike is a seasoned financial executive with extensive experience identifying value opportunities and a proven track record of capitalizing on market situations. We are thrilled to welcome him to Better where he will play a critical role in further building our trade platforms and developing our team,” said Kevin Ryan, Better President and Chief Financial Officer. “I look forward to working closely with Mike as we move forward on our mission to make homeownership simpler, faster and more accessible for everyone.”
Julius joins Better from 1842 Capital Advisors, an advisory firm he founded and where he served as Managing Partner, working predominantly on investments in commercial real estate, multi-family value-add, alternative lending, private equity, CDO, CLO, RMBS, MBS, and ABS. Previously, Julius served as Managing Director, Head of Agency Trading at Auriga where he built its Agency business while managing all agency trading, hedging and risk monitoring.
Julius commented, “I am delighted to join Better at such a pivotal time in its history. I look forward to working closely with Kevin and the team and applying my experience in the mortgage industry to the impressive digital-first product Better has built to redefine the homeownership experience.”
Earlier in his career, Julius was Executive Vice President, Head of Non-Agency Securities & Loan Trading at Countrywide Securities, the largest mortgage originator in the country at the time, where he coordinated all aspects of purchasing, hedging, marketing and selling of a $13 billion-dollar position of fixed and adjustable rate non-agency securities.
Julius is the latest talent addition to Better’s executive leadership team, which has been focused on ensuring that Better has the right teams and capabilities in place across the company to meet the needs of its business and position it for future growth. As part of this initiative, Harit Talwar recently joined Better’s Board of directors as the company’s first non-executive chairman. Additional recent hires include Sushil Sharma and Richard Benson-Armer who joined Better in the first quarter of 2022 as Chief Growth Officer and Chief Human Resource Officer, respectively.