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
Former Benchmark Mortgage CEO Brian McKinney has been charged with driving company growth after launch of a more inclusive mortgage underwriting process and home equity product
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads