Doma claims Upfront Title can saves borrowers 40% to 70% on title insurance and that in a trial run with Mr. Cooper the solution cut loan cycles by 3 days and saved borrowers hundreds of dollars
Colorado-based Covius will continue to provide integrated title and closing services to Blend's customers, and Title365 President Kirby Hulbert will join Covius' settlement services team
Blend posted a $9.4M loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down 22% from Q4. Its consumer banking suite brought in $9.6M
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
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