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
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
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