Better Home & Finance (BETR) shares rose over 4% in Thursday trading after the company launched a credit decision engine for mortgages and home equity loans in ChatGPT with Microsoft-backed (MSFT) OpenAI.

The new app will enable users to connect with the company's Tinman AI engine in ChatGPT to facilitate faster loan approvals for borrowers, according to a statement.

Better said the launch also expands the Tinman platform's access to the financial services industry using ChatGPT through a model context protocol connector developed by the company in collaboration with OpenAI.

Price: 32.44, Change: +1.02, Percent Change: +3.25