Appraisal software company Aivre has hired computer vision company Restb.ai to help expedite its customer solution. A company case study found the software resulted in 50 percent time savings per appraisal. Continue reading
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
The intent of Sonar is to create a vertical user experience to flatten the process for creating, working and delivering mortgage products. Continue reading
Founded in 2020 by Blend veterans Mike Yu and Devon Yang in San Francisco, the loan origination system has rolled out a series of product upgrades since $30 million Series A. Continue reading
While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2 percent of mortgages originated in H2 2022. Continue reading
The Series B funding round was led by F-Prime Capital with participation from Sequoia Capital, Freestyle Capital and Founders Fund. Continue reading