Better CFO Kevin Ryan adds Houlihan Lokey role amid executive shake-up

Several senior executives in Better’s control and finance teams, including chief financial officer Kevin Ryan, have taken additional jobs or left the company as it navigates financial pressures, according to public announcements and updates to social media profiles. 

In July, Ryan also joined investment bank Houlihan Lokey as a managing director in its capital solutions group. In the new role, he will focus on providing capital solutions to financial institutions, the company said in a statement. Before joining Better Home & Finance Holding Co., the lender’s parent, Ryan spent two decades at Morgan Stanley.

His announcement comes as Kelly Miskunas, Better’s head of capital markets; corporate treasurer Edward Asher; and vice president of finance Hana Khosla left the company in April. In June, Mike D’Ambrosio, the director of credit risk and head of underwriting, left the company; and Dom Savino exited his role as head of partnerships and financial products, according to LinkedIn updates.

Khosla has started a new position as CFO at Cardless, a San Francisco-based embedded card platform. Savino’s LinkedIn profile shows that he left Better in June and still remains a partner at One Zero Capital.  

A spokesperson at Better said that Ryan will continue serving as its CFO, while Savino remains on the firm’s leadership team.

“Hana Khosla, Kelly Miskunas, Mike D’Ambrosio and Edward Asher each contributed to Better for many years and chose to pursue new opportunities,” the company said in the statement. “These were voluntary departures, and we thank them for their service and wish them the best in their future endeavors.”

The spokesperson also pointed to Better’s recent additions of Clare Anderson as vice president of credit risk and Leah Price as vice president of the Tinman AI Platform.

Ryan participated in Better’s second-quarter 2025 earnings call on Aug. 7. He reiterated the company’s focus on cost discipline and agreed with CEO Vishal Garg’s forecast of achieving adjusted EBITDA breakeven by Q3 2026.

Better reported a $36 million net loss in Q2 2025, an improvement from its $50.5 million loss in Q1 2025 and a $41 million loss in the same period last year. The adjusted EBITDA loss was $27 million, slightly worse than the $23 million loss a year ago but better than Q1 2025’s $40 million loss.

“We continue to advance our goals of driving increased volume and revenue, balanced with ongoing expense management and improved profitability despite a continued challenging market environment and heightened macro volatility weighing on our industry,” Ryan told analysts.

In April, Better announced it would retire $534 million in outstanding debt due in 2028 at a 1% annual rate with SB Northstar, the asset management arm of SoftBank.

The deal included a $110 million one-time upfront cash payment to SoftBank and $155 million in new senior secured notes at 6% annual interest, due in December 2028. The debt was reduced and the investor was granted the right to designate one non-voting board observer starting on June 1.

Garg said then that the transaction “rightsizes” the company’s liability structure, creating roughly $265 million in positive pretax equity value.