Blend Labs embraces Doma's 'instant title decisioning' solution
Doma claims Upfront Title can saves borrowers 40% to 70% on title insurance and that in a trial run with Mr. Cooper the solution cut loan cycles by 3 days and saved borrowers hundreds of dollars
by Matt Carter Jul 18
Covius inks agreement to acquire Blend's Title365 business
Colorado-based Covius will continue to provide integrated title and closing services to Blend's customers, and Title365 President Kirby Hulbert will join Covius' settlement services team
by Matt Carter Jun 9
Tech, scale and strategy fuel Q1 wins across real estate
From Zillow’s return to profit to CoStar’s continued growth, Q1 earnings reveal how companies are adapting — and competing — in a shifting market
by Jessi Healey May 15
Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
Blend posted a $9.4M loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down 22% from Q4. Its consumer banking suite brought in $9.6M
by Matt Carter May 9
Consumer banking helps Blend weather 2024 mortgage doldrums
Revenue from Blend's biggest business, its mortgage software suite, fell 6% in 2024 to $73.3M. A 42% increase in consumer banking suite revenue, to $33.7M, more than made up the difference
by Matt Carter Feb 28
Mr. Cooper veteran Chris Marshall tapped to run Xome marketplace
Marshall will take over for Xome CEO Mike Rawls when he retires on June 30, with the 2 working together until then to ensure a smooth transition at the foreclosure auction site, executives said
by Matt Carter Jan 10
Blend Labs will power originations, closings for PHH Mortgage
Cloud banking software provider finishing up the year with a bang, partnering with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as new head of product
by Matt Carter Dec 13
Inman unveils winners of its 2024 Best of Proptech award
This prestigious recognition celebrates those who are at the forefront of property technology innovation and redefining the real estate industry
by Inman Nov 21
Investors bullish on Blend on Q2 earnings and revenue beat
Cloud banking software provider continues to grow consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders
by Matt Carter Aug 9
Here's who sank and who soared in Q1 2024 earnings
Real estate’s Q1 earnings are in. From CoStar’s revenue surge to Opendoor’s slump, we have all of the highs and lows
by Jessi Healey May 9
Blend trims loss, shrugs off decline in mortgage segment revenue
In reporting $20.7M Q1 loss, mortgage tech and cloud banking software provider says it's debt free and on faster track to profitability, thanks to $150M cash injection from Haveli Investments
by Matt Carter May 8
Mortgage tech provider Blend gets $150M private equity cash injection
The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021
by Matt Carter Apr 30
Jungo and Homebot team up to cultivate mortgage prospects
Integration of Jungo's CRM solution with Homebot lets mortgage loan officers share real-time data and insights into market trends, interest rates and property values with prospective clients
by Matt Carter Feb 20
Weathering the storm: A Q3 2023 earnings roundup
From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we've got the news you can use about the dollars and cents that are driving the real estate economy right now
by Christy Murdock Nov 9
Blend now focused on growth in quest to return to profitability
The mortgage and banking tech provider reports a $41.8M Q3 net loss with revenue down 27% from a year ago to $40.59M, but company executives emphasize potential for growth
by Matt Carter Nov 7