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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
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.
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.
Blue Hills Bank
Mountain America Credit Union
Camden National Bank
Legacy Mutual Mortgage
Google Maps APIs
$500 M in 2017
In the latest investment round, the company's valuation was at $500 Mn. (Aug. 2017)
$1.0M - $4.99M in 2017
The company had an estimated revenue of $3.3Million in 2017
1.2 M in 2018
The platform processes more than $1 billion in mortgage applications per day and 100,000 applications per month. (Sep. 2018)
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)
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