Blend Labs

Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.

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Blend Labs excels in Q1 2024, eyes credit unions and digital closings

Blend Labs delivered a strong performance in Q1 2024, driven by financial improvements, successful partnerships, and innovative solutions. While facing challenges in expanding into commercial banking, the company has opportunities to capitalize on market trends and enhance customer service. Overall, Blend's strategic focus on efficiency and customer-centric offerings bodes well for its future growth.

Blend Labs reports record revenue and profitability, eyes strategic growth

Blend Labs delivered a strong performance in Q3 2024, achieving positive non-GAAP operating income and surpassing revenue guidance.
The company's focus on profitability, operational leverage, and strategic partnerships positions it well for sustained growth and financial success.
While facing challenges such as industry fluctuations and high rates, Blend's opportunities in product innovation and revenue diversification present avenues for future growth.
With a record high RPO, strong revenue outlook, and emphasis on sustainable growth, Blend is poised to capitalize on market opportunities and drive profitability.

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Blend Labs, Inc. engages in the provision of a cloud-based software platform for financial services firms that is designed to power the end-to-end consumer journey for banking products. It operates through the Blend Platform and Title365 segments. The company was founded by Nima Ghamsari, Rosco Hill, Eugene Marinelli, and Erin James Collard on April 17, 2012 and is headquartered in Novato, CA.

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2021 financial results. In addition, the company provided its full year and first quarter 2022 revenue guidance on a consolidated basis and for its two reporting segments. “Blend achieved major milestones in 2021, including our IPO, and a large acquisition for our marketplace offerings. We also grew our mortgage banking market share, multi-product c

Blend Announces Fourth Quarter and Full Year 2021 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Thursday, March 31, 2022 at 5:00 pm ET to discuss its fourth quarter and full year 2021 financial results. A press release, with accompanying financial information, will be posted prior to the call on the Company's investor website at https://investor.blend.com. The call will be webcast live from the Company's investor relations websi

Blend Changes Date for Release of Fourth Quarter and Full Year 2021 Financial Results to March 31, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Blend to Announce Fourth Quarter and Full Year 2021 Financial Results on March 22, 2022

Blend to Announce Fourth Quarter and Full Year 2021 Financial Results on March 22, 2022

Blend Labs (BLND) stock is on the move Thursday after Joe Lonsdale highlighted his stake in the company during an interview. The post BLND Stock: 9 Things to Know About Blend Labs as Shares Get a Big Boost Today appeared first on InvestorPlace.

BLND Stock: 9 Things to Know About Blend Labs as Shares Get a Big Boost Today

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Nima Ghamsari, co-founder and head of Blend, will participate in a fireside chat discussion at the Needham Growth Conference on Monday, January 10, 2022. The discussion will begin at 5:00 p.m. ET / 2:00 p.m. PT. This discussion will be webcast live on the Company's investor relations website at https://investor.blend.com. A replay of the webcast will be available at the same w

Blend to Participate in the Needham Growth Conference

Since 2019, the total amount of mortgages processed utilizing Blend Labs' platform grew to 13.5% from 4.5%. Blend serves 32 of the top 100 U.S. financial services firms and 28 of the top 100 non-bank mortgage lenders.

After A 64% Decline, Blend Labs Is An Opportunistic Buy

This under-the-radar SaaS company looks to have a bright future ahead of it in the banking industry.

3 Reasons Why Blend Labs Will Be a Long-Term Winner

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SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leader in cloud banking software, today announced that Blend Close, their digital closing solution for mortgage and home equity products, has been adopted by more than 125 lenders, including Alcova Mortgage, UCCU, AMC Mortgage, PRMG, and SWBC Mortgage, since its launch in May 2020. In addition, 21,000 settlement agents have been on-boarded onto Blend's cloud banking platform to participate in closings, further supporting the ability of Blend

Blend Onboards More Than 125 Lenders and 21,000 Settlement Agents for its Digital Closing Product Within 18 Months, Saving $135 per Loan Closed

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Nima Ghamsari, co-founder and head of Blend, will participate in a fireside chat discussion at the UBS Global TMT Conference on Monday, December 6, 2021. The discussion will begin at 7:00 a.m. ET / 4:00 a.m. PT. This discussion will be webcast live on the Company's investor relations website at https://investor.blend.com. A replay of the webcast will be available at the same w

Blend to Participate in the UBS Global TMT Conference

This IPO unicorn is down nearly 50% from its highs, but is the stock a buy now?

Blend Labs CEO Nima Ghamsari on Fintech, AI, Blockchain, and the Metaverse

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Nima Ghamsari, Co-founder and Head of Blend, will participate in a panel discussion at the KBW Innovation in Finance Conference on Tuesday, December 7, 2021. The discussion will begin at 9:00 a.m. ET / 6:00 a.m. PT. This panel discussion will be webcast live on the Company's investor relations website at https://investor.blend.com. A replay of the webcast will be available at

Blend to Participate in the KBW Innovation in Finance Conference

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Tim Mayopoulos, President of Blend, will participate in a virtual fireside chat at the Wells Fargo TMT Summit on Thursday, December 2, 2021. The discussion will begin at 8:40 a.m. ET / 5:40 a.m. PT. This fireside chat will be webcast live on the Company's investor relations website at https://investor.blend.com. A replay of the webcast will be available at the same web address

Blend to Participate in the Wells Fargo TMT Summit

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leader in cloud banking software, today announced its expanded relationship with Paramount Residential Mortgage Group, Inc. (PRMG), a privately held mortgage banker and residential home lender, to bring seamless, efficient experiences to more pieces of the homeownership journey, including mortgage origination, closing, title, income verification, and homeowners insurance. In addition, PRMG is taking advantage of Blend's next-generation Encom

Blend and PRMG Expand Relationship Beyond Mortgage Origination to Include Closing, Title, Income Verification, and Homeowners Insurance

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Tim Mayopoulos, president of Blend, will participate in a virtual fireside chat at the CITI FinTech Conference on Thursday, November 18, 2021. The discussion will begin at 10:30 a.m. ET / 7:30 a.m. PT. This fireside chat will be webcast live on the Company's investor relations website at https://investor.blend.com. A replay of the webcast will be available at the same web addr

Blend to Participate in the CITI FinTech Conference

Blend Labs' (BLND) Management on Q3 2021 Results - Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced financial results for the third quarter ended September 30, 2021. Financial and Operating Highlights Total revenue of $89.6 million, net of $4.2 million of underwriter commissions related to Title365 (reflecting a change from Title365's predecessor accounting policy, under which the total revenue would have been $93.8 million*); Blend Platform segment revenue of $35.1 million, up 26

Blend Reports Third Quarter 2021 Financial Results

NEW YORK, Nov. 8, 2021 /PRNewswire/ -- Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, and Blend (NYSE: BLND), a leader in cloud banking software, today announced a strategic partnership which will embed Ocrolus' Human-in-the-Loop (HITL) document analysis solution within the Blend platform to accelerate digital mortgage applications. We're enhancing the Blend platform with Ocrolus' automated, accurate document and data extraction capabilities.

Ocrolus and Blend Announce Partnership to Automate End-to-End Mortgage Process

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leader in cloud banking software, today announced a new fintech customer UpEquity, an Austin-based digital mortgage company assisting customers in making cash offers. UpEquity will use Blend's platform to help power seamless digital mortgage experiences as part of a broader effort to simplify the process of buying a home. This is particularly critical for consumers in today's ultra-competitive real estate market where many homes receive mult

Real Estate-Focused Fintech UpEquity Turns to Blend to Power Simpler Mortgage Process for Consumers

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced the opening of a shareholder Q&A platform to be used in its upcoming earnings call. Blend is scheduled to release Third Quarter 2021 earnings at 5:30 pm ET / 2:30 pm PT on Wednesday, November 10, 2021. Starting today, retail and institutional shareholders will be able to submit and upvote questions to management. To submit questions ahead of earnings, please visit https://app.s

Blend Announces Q&A Platform for Shareholders Ahead of Third Quarter 2021 Earnings Release

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leader in cloud banking software, today announced the launch of Blend Income Verification, a new product for financial services firms that delivers instant income verification for mortgages and, soon, consumer loans and deposit account opening. The new tool acts as a single income verification provider across banking products and lending scenarios by combining multiple data sources and verification methods, enabling financial services firms

Blend Announces New Income Verification Product to Drive More Proactive and Equitable Banking Decisions

Blend Labs is a high-growth SaaS play, but how does its acquisition of Title365 affect the business?

Is Blend Labs Stock a Buy Now? How This Former Palantir Employee Wants to Disrupt the Finance Sector

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Wednesday, November 10, 2021 at 5:30 pm ET to discuss its third quarter 2021 financial results. A press release, with accompanying financial information, will be posted prior to the call on the Company's investor website at https://investor.blend.com. The call will be webcast live from the Company's investor relations website at https

Blend to Announce Third Quarter 2021 Financial Results on November 10, 2021

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leader in cloud banking software, today announced the expansion of its partnership with Frost Bank, a Texas-chartered bank based in San Antonio, to further the bank's digital transformation strategy and deliver seamless customer experiences. Frost Bank first partnered with Blend on home equity loans and lines of credit, and will now carry the technology through to drive efficiency and simplify processes in its mortgage, consumer banking, and

Blend and Frost Bank Extend Partnership into Mortgage, Consumer Banking, and Deposits

Earlier this summer, we broke down Blend Labs' S1 and explained the company's role in the financial services industry.

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