Blend Launches Lower-Cost Offering for Retail Independent Mortgage Banks

October 16, 2023 at 08:05 AM EDT

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.

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