| Market Capitalization (Millions $) |
844 |
| Shares
Outstanding (Millions) |
255 |
| Employees |
583 |
| Revenues (TTM) (Millions $) |
155 |
| Net Income (TTM) (Millions $) |
-73 |
| Cash Flow (TTM) (Millions $) |
-30 |
| Capital Exp. (TTM) (Millions $) |
7 |
Blend Labs Inc
It's our vision to bring simplicity and transparency to financial services, so every consumer can more easily access the capital they need to reach their financial goals. To realize this vision, we have built a market-leading, cloud-based software platform for financial providers to transform consumer banking experiences and streamline workflows for their teams. From the moment a consumer starts an application for a loan or a deposit account to the moment they digitally sign the final documents, our software platform streamlines the process.
Blend Platform is a software platform that powers the digital interface between financial services firms and consumers. Our growing suite of out-of-the-box, white-label products currently powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. Each of our products is built from an extensive library of modular components assembled into consumer journeys that typically include data collection, verification checks, product selection, pricing, pre-approvals, disclosures delivery, addressing stipulations, and signing closing documents. Through our low-code, drag-and-drop design tools, we also enable the creation and deployment of new product offerings
We also bring together an extensive ecosystem of technology, data, and service providers through our software platform, enabling financial services firms to collaborate with third-parties to provide best-in-class banking experiences to consumers. As consumers use our software platform to access financial products, they can also shop for realtors, title and property and casualty insurance products, and other service providers through integrated marketplaces that are introduced at the precise moment these products or services are needed. As more consumers use our software platform, we are able to attract a broader range of ecosystem partners, which allows us to deliver more value to consumers and attract more financial services providers as customers. This creates a powerful network effect and differentiator for our business.
Blend's cloud-based software platform powers the mission-critical interface between financial services firms and consumers. Financial services firms can rapidly deploy our growing number of out-of-the-box, white-labeled products for:
Mortgage ' provides an end-to-end digital mortgage experience from application to close that puts financial services firms at the center of the broader homeownership journey.
Home Equity ' modernizes home equity line of credit and home equity loan origination experiences, delivering higher application submission rates and faster closings.
Vehicle Loans ' enables rapid financing that helps consumers get into their car, boat, recreational vehicle, or powersport vehicle faster.
Credit Cards ' increases application conversions through a configurable product selection experience, streamlined data collection, and instant approvals.
Personal Loans ' drives faster pre-approvals for unsecured and secured personal loans, lines of credit, and overdraft protection lines.
Deposit Accounts ' increases application conversion rates and reduces fraud risk with features that support financial services firms' Bank Secrecy Act and anti-money laundering policies.
In addition, we have developed a suite of products that we offer to facilitate the homeownership journey for consumers that are integrated into the end-to-end digital mortgage experience delivered by our Mortgage products. These are:
Close ' streamlines traditional, hybrid, and fully digital closing experiences for mortgages, home equity lines of credit, and home equity loans.
Income Verification for Mortgage ' leverages data integrations with payroll data providers to deliver income reports that are recognized as verified sources of income.
Title ' enables streamlining of the title, settlement, and closing processes at scale for mortgages, home equity lines of credit, and home equity loans.
Homeowners Insurance ' allows consumers to easily compare quotes from as many as 20 insurance carriers, depending on carriers' coverage areas, and connect with an insurance specialist to purchase a policy.
Realty ' facilitates matches between consumers and local real estate agents who can provide guidance throughout the purchase process, and where eligible, the consumer can receive a rebate on the purchase of their home.
Company Address: 7250 Redwood Blvd. Novato 94945 CA
Company Phone Number: 550-4810 Stock Exchange / Ticker: NYSE BLND
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