Blend supports retail independent mortgage banks with new price-competitive offering that provides the most essential features for success in this market

Blend, a leading provider of cloud banking services, today announced the launch of Blend IMB Essentials, a new edition of Blend’s mortgage suite designed to provide the most important features to retail independent mortgage banks (IMBs) in today’s challenging market.

With this offering, retail IMBs will be equipped with the features most critical for their success, enhancing productivity and operational efficiency while delivering an exceptional experience to borrowers and loan teams at a significantly lower price point.

The offering includes Blend’s best-in-class application process, seamless soft credit pulls for cost savings, hard credit pulls, automated conditions management, real-time loan pricing and scenarios, all while enhancing the capabilities of loan officers with advanced mobile functionality. Customers can also seamlessly scale up to more advanced features in Blend’s standard enterprise edition as needs evolve and market conditions improve.

“This is a historic time for our industry. The mortgage market is grappling with the effects of high interest rates, home affordability, and low inventory, so reducing costs is top of mind for everyone,” said Nima Ghamsari, Head of Blend. “Retail IMBs have helped build Blend into what it is today and we stand by the industry during this time. We will make sure every loan officer can offer the best possible borrower experience while also being able to conveniently manage their pipeline on the go with the LO Mobile App.”

Retail IMBs that choose this offering can be fully live in weeks and with minimal upfront cost. Blend comes pre-integrated with the most common loan origination systems, pricing engines, and other key systems to allow for seamless set-up.

For more information on Blend IMB Essentials Edition, please visit blend.com/imb-essentials.

About Blend

Blend is the infrastructure powering the future of banking. 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. Blend powers billions of dollars in financial transactions every day. 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/20231016362281/en/