Digital mortgage lender to bring 1,000 jobs to Charlotte over 5 years

CHARLOTTE, N.C. — Mayor Vi Lyles announced Monday that Better.com is now calling Charlotte home.

The digital mortgage lender said it plans to hire 1,000 people over the next five years, with 100 employees hired by the end of 2019.

[ALSO READ: Fortune 100 company Honeywell bringing HQ, 750 jobs to Charlotte]

The company said it has opened an office at WeWork’s coworking space in South End.

Sales manager Andrew Young started working with Better.com two months ago and was excited to hear that the company is calling the Queen City home.

“We are headed in the right direction,” Young said.

Earlier this year, Ally Financial announced a partnership with Better.com, which the company said was the driving force behind its opening offices in Charlotte.

“I am thrilled being here, thrilled to see us grow and be a bigger part of Charlotte,” Young said. “(I) love the city of Charlotte.”

“Opening a new office in Charlotte will help us tap into the city’s incredibly talented workforce,” said Vishal Garg, CEO and founder of Better.com. “As a rapidly growing startup, we see an entrepreneurial hunger and spirit in the city of Charlotte that is akin to what we used to see in places like downtown Manhattan in the 1980s and Silicon Valley in the 1990s. We’re thrilled to have chosen Charlotte as we enter the next stage of our company’s growth.”

[ALSO READ: Here's what Lowe's could be getting in incentives from Charlotte, Meck Co.]

Better.com is just one of several companies, including Lowe’s, Honeywell, BB&T and SunTrust, expanding in Charlotte.

“Charlotte is a city built on innovation and commerce, with a strong educational foundation that provides optimal opportunities for fintech startups like Better.com,” Lyles said. “We welcome Better.com and thank them for helping us to grow into the technology-based city we want to be.”

Officials said this project was a collaboration between the City of Charlotte, Ally Financial and Carolina FinTech Hub.

Officials said starting salaries in Charlotte for college graduates are between $40,000 and $50,000 a year.

Jobs at Better.com start between $65,000 and $85,000 with a total compensation package that adds up to be more than $100,000 a year.

“If we don’t pay our employees well, how can they teach our customers financial empowerment?” Garg said. “How can they take care of their customers if they can’t take care of their families at home?”

People who are looking to apply can register to receive updates about the positions here.

Read more top trending stories on wsoctv.com:

Cox Media Group