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Blend said it processes more than $2 billion in consumer loans and mortgages per day and works with a range of banks and financial institutions, including Wells Fargo, U.S. Bank and others.
Blend is a SaaS platform for lenders to speed up and simplify applications for mortgages and consumer loans.
Founded in 2012 by three Palantir-alums, Blend sells white-label mortgage technology to banks and other lenders. By bringing the application process to the cloud and directly connecting to information sources Blend cuts down the time and the expense of originating a mortgage.
Blend Labs, Inc. designs and develops software. The Company offers a platform that focuses on mortgage lending, as well as provides an application experience for home buying process for both buyers and lenders. Blend Labs serves customers in the State of California.
If Blend has managed to attain this goal, it means that the company is now officially a tech unicorn term used for startups with a billion-dollar private valuation. Since its founding in 2012, the fintech startup has gathered a total of $310 million in venture capital.
Blend, started in 2012, is a company that sells software to banks and lenders to digitize the application and underwriting process. The company's digital platform uses artificial intelligence to streamline the mortgage application process.
Blend has attracted the best and brightest engineers and financial industry experts that are combining forces to solve many of these problems. It's inspiring to work for such a mission-driven company that's dedicated to simplify consumer lending.
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