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
After posting $33 million in profit in 2024, PHH Mortgage’s parent company said Thursday it will invest further in loan servicing and the originations technology that handles a majority of its customer inquires. Continue reading
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
Acquisition of Texas Capital Bank’s correspondent lending business is expected to double the channel’s volume for PHH Mortgage. Continue reading
PHH Mortgage agreed to pay $750,000 to six service members in response to allegations that the mortgage company unlawfully foreclosed on their homes. Continue reading