[Editor’s note: This is a guest post from Dmytro Spilka. He is a tech and finance writer based in London....
Mortgage fintech Blend is on a roll; Blend’s customer base now accounts for more than 25% of the $2.1 trillion...
While the coronavirus is impacting many companies there are a few bright spots for a handful of fintechs; Nigel Morris,...
Blend is on a mission to expand into more banks and credit unions with their new digital account opening product;...
Lennar Corp. is the largest homebuilder in the United States; they will leverage technology built by Blend to allow their customers to apply for mortgages online and through mobile devices; this will cut down significantly on the time to apply for a mortgage and Lennar hopes it will also help attract millennial buyers. Source
Here are the most read news stories from our daily newsletter today: Deadline for the Global Covid-19 Fintech Survey is...
On May 12 BMO closed their first home equity line of credit remotely using Blend’s digital closing product Blend Close;...
JPMorgan Chase, Wells Fargo and now Ally Bank have all outsourced a part of their home lending process to fintech...
Timothy Mayopoulos is the most recent example of a high profile executive moving into fintech; Mayopoulos will serve as President...
Beyond Blend more suppliers could be coming soon such as Roostify, BankVOD, LendSnap and Quovo; FinLocker, Plaid and PointServ are also currently running pilots with Fannie Mae; Only Blend, Finicity and FormFree are approved suppliers while there are more than 40 approved vendors; there are 20 approved vendors of income and employment validation reports, but only DataVerify and Equifax are approved suppliers of these reports. Source