Tag Archives: Blend Labs

First Federal grows mortgage biz with NOLA Lending acquisition

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The Florida-based thrift expands its retail mortgage operations into Louisiana and Mississippi, and will keep most of NOLA Lending Group’s employees and brand identity. Continue reading →

Blend Labs embraces Doma’s ‘instant title decisioning’ solution

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Doma claims Upfront Title can saves borrowers 40 percent to 70 percent on title insurance. In a trial run with Mr. Cooper, the solution cut loan cycles by three days and saved borrowers hundreds of dollars on title fees. Continue reading →

Covius inks agreement to acquire Blend’s Title365 business

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Colorado-based Covius will continue to provide integrated title and closing services to Blend’s customers, and Title365 President Kirby Hulbert will join Covius’s settlement services team. Continue reading →

Blend seeks to sell Title365 as mortgage revenue shrinks in Q1

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Blend posted a $9.4 million loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down 22 percent from Q4. Its consumer banking suite brought in $9.6 million. Continue reading →

Consumer banking helps Blend weather 2024 mortgage doldrums

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Revenue from Blend’s biggest business, its mortgage software suite, fell 6 percent in 2024 to $73.3 million. A 42 percent increase in consumer banking suite revenue, to $33.7 million, more than made up the difference. Continue reading →

Blend Labs will power originations, closings for PHH Mortgage

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The cloud banking software provider is finishing up the year with a bang, announcing a partnership with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as the company’s new head of product. Continue reading →

Investors bullish on Blend on Q2 earnings and revenue beat

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Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders. Continue reading →

The analyst who predicted a 30% fall in commissions has more to say

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Veteran KBW analyst Ryan Tomasello will be talking about the “watershed moment” that could lead to consolidation and innovation across the real estate industry at Inman Connect Las Vegas. Continue reading →

Blend trims loss, shrugs off decline in mortgage segment revenue

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Mortgage tech and cloud banking software provider says it’s debt free and on faster track to profitability, thanks to $150 million cash injection from Haveli Investments. Continue reading →

Big Florida real estate brokerage is selling its mortgage division

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First Federal Bank continues expansion of its nationwide mortgage lending operations with deal to acquire Watson Mortgage Corp. and investments in digital solutions. Continue reading →