Mortgage fintech Blend is on a roll; Blend’s customer base now accounts for more than 25% of the $2.1 trillion U.S. mortgage market by origination volume; in 2019, Blend processed a total of $538 billion in loans, more than double the $211 billion it processed in 2018; in a conversation with HousingWire, Blend’s CEO Nima Ghamsari said that the current boom in mortgage refinancing should last a while as there is $4.5 trillion worth of loans that should be refinanced given the current rate environment; the pandemic has forced quicker digital adoption at banks and Blend’s digital closing tools were rolled out two months ago, six months ahead of schedule. HousingWire.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.