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 finishing up the year with a bang, partnering with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as new head of product
This prestigious recognition celebrates those who are at the forefront of property technology innovation and redefining the real estate industry
In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9% of its workforce, helping trim expenses by 32%
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
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
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
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