Better Hires Ex-Goldman Partner Talwar With Eyes on Listing (1)

Embattled online mortgage lender Better is turning to a former Goldman Sachs Group Inc. consumer-banking veteran to help it pursue a public listing just as rising interest rates pressure the business already reeling from a slew of personnel missteps.

The company appointed Harit Talwar as non-executive chairman, according to an internal memo from Chief Executive Officer Vishal Garg seen by Bloomberg News. He starts effective immediately and will “provide strategic direction to achieve Better’s long-term goals,” according to the memo.

Talwar’s appointment comes as Better grapples with hikes in interest rates that weighed on the company’s loan volume, leading it ...