US Market News
3週前
CrossCountry Mortgage Cuts Closing Times by More Than Half with BlendMay 19, 2026 9:30 AM
Business Wire The nation's #1 distributed retail mortgage lender partnered with Blend to reduce average closing time from 2 hours to 45 minutes with 0% post-closing signature errors. Blend (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, today announced that CrossCountry Mortgage (CCM), the nation's #1 distributed retail mortgage lender, has transformed its closing operations through Blend Close, achieving dramatic gains in efficiency, accuracy, and borrower experience across its 1,000+ branch network. By integrating directly with CCM's Loan Origination System (LOS), Blend Close replaced a patchwork of disconnected systems with a seamless end-to-end journey, significantly reducing friction for both borrowers and closing teams. For Borrowers: One Login, From Application to Close For borrowers, the previous traditional closings meant signing over 100 pages of documents in front of a notary, a process that typically took 1.5 to 2 hours. Manual data entry, signature mistakes, and incorrect dates created constant suspenses with investors kicking back a loan file. With Blend Close, borrowers now log into one portal with one set of credentials, from application through signed documents, and can review closing packages ahead of time or revisit signed materials after the fact. "I truly love the one-stop shop for borrowers,” shared Simone LaBorde, EVP of Closing and Strategic Initiatives at CCM. “Borrowers have one login and can review closing packages ahead of time and still log back in to view signed documents after closing, which helps with security and scams." For Closing Teams: One Platform for Every Transaction Type CCM’s closing team faced the same fragmentation, navigating multiple systems: one to prep files, another for hybrid closings, a third for full Remote Online Notarization (RON). The constant platform-switching disrupted workflows, created training overhead, and introduced avoidable errors. Closers now manage every transaction type, from hybrid, hybrid with eNote, to full RON, from a single interface, with real-time status updates and completed documents automatically pushed back into the LOS. No platform switching or manual re-entry. The RON capability also extended CCM's reach, enabling closings for military personnel, borrowers facing emergencies, and anyone unable to appear in person. Some transactions now close in as little as 25 to 30 minutes. Results Across Every Dimension The impact was immediate and measurable: 45-minute average closing time, down from 2 hours 25–30 minutes for the fastest transactions 85–120 loans closed per closer per month 0% post-closing signature errors Settlement agent closing time cut nearly in half, from 90 minutes to 45 minutes Investor suspenses declined as data errors were eliminated The platform's ease of use also reduced training time and improved employee satisfaction. "The platform is easy to navigate," shared Alex Sanchez, SVP Closing Manager at CCM. "It's self-explanatory, user-friendly, doesn't take a long time to train." "CrossCountry Mortgage operates at a scale that demands every step of the process work flawlessly,” shared Nima Ghamsari, co-founder and Head of Blend. “Partnering with a lender of their caliber to eliminate friction at the closing table, and make that final moment a great one for borrowers, is exactly what we built Blend Close to do." CCM is now transitioning from hybrid closings to hybrid with eNote, which enables faster loan delivery to investors. Further ahead, the company sees full RON becoming the default for a growing share of transactions, with Blend as the platform supporting that shift. For more information on CCM's success with Blend Close, read the full case study at blend.com/customers/crosscountry-mortgage/. About Blend Blend Labs, Inc. (NYSE: BLND) is a leading digital origination platform for banking solutions. Financial providers, from large banks, fintechs, and credit unions to community and independent mortgage banks, use Blend's platform to transform banking experiences for their customers. Learn more at blend.com. About CCM CrossCountry Mortgage is the nation's number one distributed retail mortgage lender with more than 9,000 employees operating over 1,000 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture. We offer more than 120 mortgage purchase, refinance and home equity solutions – ranging from conventional and jumbo mortgages to government-insured programs from FHA and programs for Veterans and rural homebuyers – and we are a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae, and Ginnie Mae NMLS #3029. Through our dedication to getting it done, we make every mortgage feel like a win. For more information, visit crosscountrymortgage.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519884780/en/ Press Contact
press@blend.com Original: CrossCountry Mortgage Cuts Closing Times by More Than Half with Blend
US Market News
1月前
Northfield Savings Bank Partners with Blend to Power Next Phase of Lending GrowthApril 30, 2026 8:05 AM
Business Wire
Vermont Bank Invests in Digital Innovation to Scale Mortgage Lending and Elevate Borrower Experience
Blend Labs, Inc. (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, is announcing a new partnership with Northfield Savings Bank, a mutually owned community bank headquartered in Vermont.
Northfield Savings Bank has selected Blend's Mortgage and Home Equity solutions to modernize its lending operations, enabling its team to scale loan volume efficiently while delivering a standout experience for customers.
Investing in Innovation to Drive Growth
As a mutual savings bank owned by its depositors, Northfield Savings Bank is deeply committed to reinvesting in the people and communities it serves, and that commitment now extends to the technology powering its lending operations.
Prior to Blend, Northfield Savings Bank's mortgage team relied on a static application intake process, with loan officers overseeing much of the workflow within their loan origination system. Seeking a modern platform that could reduce that friction and keep pace with customer expectations, Northfield Savings Bank partnered with Blend to streamline and automate the application experience for its mortgage and home equity lending offerings.
A Platform Built for Efficiency and Scale
A key differentiator for Northfield Savings Bank was Blend's automation capabilities, both on the borrower-facing side and within back-office workflows. Features like automated follow-ups and condition management stood out to the team. Equally compelling was Blend's Loan Officer Toolkit, which allows Northfield Savings Bank's lending team to manage the full mortgage workflow within Blend's environment, eliminating the need to jump back and forth into the loan origination system and freeing loan officers to focus on what they do best: building relationships and closing loans.
"We wanted a platform that would make our loan officers more effective at every stage of the lending process," said Jason Pidgeon, SVP, Mortgage Banking and Consumer Credit at Northfield Savings Bank. "Blend gives our team the tools to work smarter, handling more volume without sacrificing the personal service our borrowers expect. And knowing that Blend is continuously innovating means we're not just solving for today, we're set up for whatever comes next."
"Northfield Savings Bank exemplifies what it means to be a modern community bank, honoring a 150-year legacy while embracing the technology needed to grow and serve borrowers better," said Nima Ghamsari, Co-Founder and CEO of Blend. "We're proud to partner with their team and help them unlock a new level of efficiency and opportunity in their lending business."
About Northfield Savings Bank
With 14 offices across Central Vermont and Chittenden County, Northfield Savings Bank is a mutually owned institution focused on strong community impact, supporting the Builders, Makers, and Doers of Vermont with comprehensive commercial, government, mortgage, and personal banking services. More information available at https://www.nsbvt.com/.
About Blend
Blend Labs Inc., (NYSE: BLND) is a leading digital origination platform for banks, credit unions, and mortgage lenders. From mortgages to consumer loans to deposit accounts, Blend helps financial institutions streamline workflows, launch faster, and deliver standout customer experiences. In 2024, Blend's platform powered $1.2 trillion in loan applications. Learn more at blend.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260430916957/en/
Press Contact
press@blend.com
Original: Northfield Savings Bank Partners with Blend to Power Next Phase of Lending Growth
US Market News
3月前
Blend to Announce Fourth Quarter 2025 Financial Results on March 10, 2026February 27, 2026 4:00 PM
Business Wire
Blend Labs, Inc. (NYSE: BLND), a leading digital origination platform, today announced that the Company’s fourth quarter 2025 financial results will be released after market close on Tuesday, March 10, 2026. The Company will host a conference call to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET the same day.
A link to the live call can be accessed at the Company’s Investor Relations website at investor.blend.com, along with the Company's earnings press release, financial information, and slide presentation. Following the call, a replay will be available at the same website.
About Blend
Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers— from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. To learn more, visit blend.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260227875297/en/
Investors: ir@blend.com
Press: press@blend.com
Original: Blend to Announce Fourth Quarter 2025 Financial Results on March 10, 2026
US Market News
4月前
Blend Expands Deep Verification Capabilities to Drive Speed and Improve Borrower Experience for LendersFebruary 12, 2026 1:00 PM
Business Wire
Best-in-class Verification of Income and Verification of Assets help lenders streamline home lending originations and remove friction for borrowers.
Blend Labs, Inc. (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, today announced the expansion of its Verification of Income capability, powered by a partnership with Truework. The company also announced the addition of supplemental asset reports to verify borrower employment during the pre-close verification process, expanding the benefits of its Verification of Assets solution for mortgage lenders.
Verification of Income and Employment
Blend enhanced its Verification of Income and Employment (VOIE) offering, powered by Truework, by adding a manual solution called Smart Outreach. Truework’s Smart Outreach verification provides an automated approach to non-instant verifications, eliminating manual workflows. This reduces the need for loan officers and processors to call or email employers directly to verify income and employment for a borrower, unlocking hours of productivity each week in mortgage operations.
Verification of Assets
In addition to expanded VOIE capabilities, Blend introduced Supplemental Asset Reports, which helps lenders satisfy the 10-day Pre-Closing Verification of Employment (VOE) guideline without manual VOE documentation. Supplemental asset verification for employment streamlines the process by using electronic data rather than manual, paper-based verification, increasing confidence in clear to close and closing dates.
“Expanding Verification of Income and Verification of Assets capabilities is another demonstration of how Blend is dedicated to delivering best-in-class products while shouldering the tech lift so our clients experience only the value,” said Nima Ghamsari, co-founder and Head of Blend. “We have built an offering that’s an appreciating asset, and I am proud of the focused, disciplined investments into partnerships, workflows, and products such as VOI and VOA that accelerate Blend customers’ pace of innovation in mortgage lending.”
A lender’s reputation for exceptional customer experience ranks as high to borrowers as getting the best rate, according to a McKinsey study, and a Gitnux report shows customer satisfaction drops by 10 points for every delay beyond the original closing estimate. In mortgage lending, speed and transparency are especially critical. With Blend’s VOIE process, 55% of reports are turned around in under 24 hours, and 87% of reports are completed in 72 hours or less, helping lenders keep mortgage borrowers on track to close.
“As more of the workforce has mixed income sources and nontraditional earnings, the VOIE process is more important than ever,” said Ghamsari. “Adding manual verification of income without slowing down the loan timeframe is a game changer. Coupled with Blend’s expanded VOA process, it reduces friction and latency for lenders, takes the burden off internal teams to verify edge cases, improves workflows, and demonstrates continuous innovation in home lending.”
About Blend
Blend Labs Inc. (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers—from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit blend.com.
Forward-Looking Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology that concern Blend’s expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260212887787/en/
Investors: ir@blend.com
Press: press@blend.com
Original: Blend Expands Deep Verification Capabilities to Drive Speed and Improve Borrower Experience for Lenders
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