Blend Achieves Tech100 Mortgage Award for Sixth Year in Row

Author: Olivia Taylor Updated: 02-05-2025 12:02 PM

Blend Achieves Recognition in Mortgage Technology

In a remarkable achievement, Blend (NYSE: BLND), a premier platform for digital banking solutions, proudly announces its recognition as a 2025 HousingWire Tech100 Mortgage award winner. This prestigious accolade is awarded for the sixth consecutive year, highlighting Blend's commitment to innovation and the impactful results delivered through its mortgage lending technology.

Commitment to Innovation

Blend's journey in the digital banking sector is marked by continuous efforts to provide real and tangible value for lenders and their customers. John Whipple, a Product Manager at Blend, expressed his pride in the team's dedication to developing technology that simplifies the loan process, enhancing speed, efficiency, and transparency for all parties involved. This award is a testament to the innovative spirit that drives the team at Blend.

Impact on the Mortgage Industry

This year, the editorial team at HousingWire highlighted the significant impact that Blend's technology has had on its users. According to an independent customer ROI study, lenders utilizing Blend reported an impressive average return of 10.67 times their technology investment. Additionally, Blend’s platform has enabled customers to save approximately $650 per loan and has successfully eliminated nearly 18.78 hours of work while reducing the loan cycle by an impressive 9.41 days.

Leading in Digital Origination

In the year 2024, Blend facilitated nearly $1.2 trillion in loan applications for a diverse range of financial institutions, including banks, credit unions, and independent mortgage banks (IMBs). Moreover, research drawn from 2023 HMDA data reveals that 18 of the top 50 U.S. mortgage originators by loan volume rely on Blend’s innovative platform. Notably, 7 of the top 10 home equity lenders have embraced Blend to enhance their digital customer experience for home equity products.

About Blend

Blend Labs Inc. (NYSE: BLND) is recognized as the foremost origination platform for digital banking solutions. A wide range of financial providers, including large banks, fintech companies, credit unions, as well as community and independent mortgage banks, utilize Blend’s technology to transform the banking experience for their clients. The philosophy at Blend is simple: Better banking starts on Blend.

Exploring Blend's Offerings

In addition to awards and recognitions, Blend's commitment to enhancing customer experiences is unwavering. Their technology is designed to empower lenders, making everyday operations smoother and more efficient. As the digital banking landscape evolves, Blend remains at the forefront, continually refining its offerings to meet the needs of its diverse clientele.

Frequently Asked Questions

What is the Tech100 Mortgage award?

The Tech100 Mortgage award recognizes companies in the mortgage industry that demonstrate exceptional innovation and technology in their solutions.

How many years has Blend received this award?

Blend has been awarded the Tech100 Mortgage award for six consecutive years.

What impact does Blend’s technology have?

Blend’s technology has proven to provide substantial ROI for lenders, with an average return of 10.67 times their investment.

What types of financial institutions use Blend?

Blend’s platform is used by banks, credit unions, and independent mortgage banks to enhance their digital banking services.

How does Blend help reduce the loan cycle?

Blend’s technology streamlines the loan process, saving time and reducing the overall duration needed to complete loan transactions.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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