Blend’s net loss for the quarter — up 167 percent from a year ago — came despite a 124 percent year-over-year increase in revenue, to $71.5 million, according to an earnings call on Thursday. Continue reading
The mortgage tech provider’s newly acquired title insurance business has been particularly hard hit by the end of the refinancing boom. Continue reading
A sharp decline in mortgage refinancing prompts Blend to pull back “very hard” on hiring and reconsider the “right number of people” needed in the title insurance segment. Continue reading
This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading
The cloud banking software developer raises full-year revenue guidance by $13 million as it signs new clients, launches new products and integrates Title365 acquisition. Continue reading
Cloud banking software provider Blend is turning to automation platform Ocrolus to help it classify documents and capture data submitted with mortgage applications. Continue reading
The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1 million, up 46 percent from a year ago. Continue reading
Snapdocs has raised $150 million in a series D funding round. The platform is now used by more than 130,000 mortgage professionals a day, touching nearly 20 percent of U.S. real estate transactions. Continue reading
Doma offers “instant underwriting” of title insurance for mortgage refinancing, along with remote and digital closing and escrow services for all types of mortgages. Continue reading
Fifth Wall Ventures announced today it successfully hit its $500 million goal for a second proptech fund. The Opendoor and Blend-backer now has 48 global limited partners across a number of proptech subsectors, giving startups access to some of the ind… Continue reading