Blend is a cloud-based banking software company that brings simplicity and transparency to consumer banking. The company’s technology allows financial services firms to provide consumers with digital-first experiences — supported by human interaction when they want it — for all their financial moments, like purchasing a home or simply opening a new bank account. Blend works with some of the biggest banks in the nation along with smaller lenders, community banks, credit unions and other fintech’s to bring much needed innovation to the financial services industry. Blend’s technology is helping millions of consumers get into homes and gain access to the capital they need to accomplish their goals without ever having to step inside a bank. For the first half of 2021 Blend’s customers represented 24% of the U.S. mortgage market.
- Over 330 lenders across the country use Blend’s cloud-based technology to process an average of $5 billion in loans daily, and our transaction volume reported in Q3 was up 24% year over year.
- In 2020, Blend processed over $1 trillion in loan volume compared to $538 billion in loans in 2019.
