Mortgage software provider Vesta powering Upstart's HELOC launch
Since announcing a $30M Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including Willow Servicing, a cloud-based mortgage servicing platform
by Matt Carter Nov 2
Latest Ocrolus offering is designed specifically for mortgage lenders
The leader in artificial intelligence-driven financial document automation has combined 3 of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents
by Matt Carter Sep 27
Blend Labs laying off 150 more workers on 'path to profitability'
Mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in 5 rounds of layoffs in the last 16 months
by Matt Carter Aug 14
Blend trims Q1 loss as $37.3M in revenue beats guidance
While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2% of mortgages originated in H2 2022
by Matt Carter May 9
As losses mount, Blend looks beyond mortgage for future growth
San Francisco-based cloud banking software provider has trimmed the company's payroll by nearly 800 employees and cut annual expenses by $72M
by Matt Carter Mar 16
New Black Knight integrations 'close the loop' on digital mortgages
Integration of Wolters Kluwer's eNote and eVault capabilities into Black Knight's digital closing solution, Expedite Close, eliminates need for multiple vendors
by Matt Carter Feb 17
Blend cuts nearly 30% of workforce in blistering 4th round of layoffs
Blend also announced the resignations of President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer amid a round of cuts impacting about 340 workers
by Matt Carter Jan 10
The biggest mortgage, lending and housing finance stories of 2022
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending
by Matt Carter Dec 28
Real estate in 2022: When the #@!$ finally hit the fan
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
by Jim Dalrymple II Dec 19
Venture capital giants like Pylon's embeddable mortgage offering
$8.5M seed funding round led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global
by Matt Carter Dec 6
Billions in losses, a brutal market and more from Q3 earnings season
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
by Jim Dalrymple II Nov 14
Blend announces more layoffs as cumulative losses surpass $1B
The mortgage tech and title provider posted a $132.7M net loss in the third quarter of 2022, with revenue falling 38% from a year ago to $55.3M, according to an earnings call Thursday
by Matt Carter Nov 11
PNC Bank partners with Blend to digitize mortgage applications
'Strategic partnership' is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25% this year and racked up an accumulated $995M deficit
by Matt Carter Sep 27
Qualia's new API could help companies scale digital title ops
Qualia API users can automatically place and track title orders and access order, accounting and contact data to build custom notifications and performance dashboards
by Matt Carter Aug 24
Mortgage lenders use tech and local ties to grow national footprints
Atlanta-based direct mortgage lender Silverton Mortgage, a Snapdocs client, has added new branches in the Carolinas, Arkansas and Missouri over the past year
by Matt Carter Aug 19