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
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
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
San Francisco-based cloud banking software provider has trimmed the company's payroll by nearly 800 employees and cut annual expenses by $72M
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
As cumulative losses climb toward $1B, co-founder Nima Ghamsari still plans to lead a 'once-in-a-lifetime industry transformation' powered by the mortgage tech and title insurance provider
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
The mortgage tech provider's newly acquired title insurance business has been particularly hard hit by the end of the refinancing boom
Shares in Blend touched a new all-time low after the company issued 2022 revenue guidance that co-founder and CEO Nima Ghamsari acknowledged as "much lower than consensus estimates"
The cloud banking software developer raises revenue guidance as it signs new clients, launches new products and integrates Title365 acquisition
The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1M, up 46% from a year ago, according to an earnings call on Friday
The Peter Thiel-backed startup plans to use the new capital to continue growing its team of nearly 400 employees
The San Francisco-based startup unveiled new digital HELOC and HELOAN products for banks and lenders, aiming to reduce the time it takes for consumers to squeeze their properties for cash
At Fannie Mae, Timothy Mayopoulos helped resuscitate the government-sponsored entity after the 2008 housing crisis
Tru Realty CEO Sarah Kirsch Richardson and Blend CEO Nima Ghamsari dig into the details at Inman Connect San Francisco