Blend

lendingonline loansmicrofinance

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 05/04/2021

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Market-leading #digitallending tech that makes the process of getting a loan simpler, faster, & safer. Get your guide to drama-free lending: https://t.co/4tpPkeRoLG

MEDICI Analysis

Blend offers a digital lending platform for loan officers, mortgage lenders, mortgage servicers, portfolio analysts, and mortgage investors, enabling them to manage their loan origination and customer experience. It is based on analytics and cloud security, which in turn helps them to elevate their business digitally. Recently, Blend was selected for the 2019 Forbes FinTech 50 list.

Focus

PRODUCTS & SERVICES

The company's product offerings include: 1. Blend for Loan Team: Handles operational tasks and guides borrowers through the application. It provides applications, price, pre-approvals, and disclosure on loans through the dashboard. It allows closing loans according to the borrower's information and connectivity to financial data. 2. Blend for Brokers: Empowers mortgage brokers to extend their brand digitally and sift to digital lending practices. The platform also facilitates identification of doubtful loans, loan lifecycles, and collaboration of multiple stakeholders of a loan overview.

MAIN CLIENTS

LendUS

Blue Hills Bank

Mountain America Credit Union

Camden National Bank

SWBC Mortgage

Legacy Mutual Mortgage

Movement Mortgage

Mason-McDuffie Mortgage

Wells Fargo

etc.

EXISTING PARTNERSHIPS

Black Knight

Elie Mae

Lending QB

PCLENDER

Total Expert

Usherpa

OrangeGrid

Salesforce

Closingcorp

CoreLogic

Fannie Mae

Optimal Blue

DocuSign

Wolters Kluwer

Docutech

EQUIFAX

Google Maps APIs

Finicity

PLAID

Envestnet

Yodlee

etc.

Traction

VALUATION / MARKET CAP:

$500 M in 2017

VALUATION COMMENT:

In the latest investment round, the company's valuation was at $500 Mn. (Aug. 2017)

COMPANY TYPE:

For Profit

REVENUE

$1.0M - $4.99M in 2017

REVENUE COMMENT:

The company had an estimated revenue of $3.3Million in 2017

NUMBER OF TRANSACTIONS:

1.2 M in 2018

TRANSACTIONS COMMENT:

The platform processes more than $1 billion in mortgage applications per day and 100,000 applications per month. (Sep. 2018)

TRACTION COMMENT:

The company has tripled the number of financial institutions that use its technology, and in 2017 alone, Blend has seen more than $30 billion in mortgage applications to date. (Aug. 2017)

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

47,702

AVERAGE VISITS (6 MONTHS)

41,208.05

MONTHLY VISITS GROWTH

-29.25%

VISIT DURATION

105

VISIT DURATION GROWTH

5.86%

PAGE VIEWS VISIT

2.78

PAGE VIEWS VISIT GROWTH

4.57%

BOUNCE RATE

56.41%

BOUNCE RATE GROWTH

-2.47%

GLOBAL TRAFFIC RANK

495,112

MONTHLY RANK CHANGE

12,545

MONTHLY RANK GROWTH

2.6%

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp