Blend IMB Essentials

Banking platform Blend is betting on IMBs with its latest offering, a bare-bones, low-cost product for small lenders. Blend IMB Essentials, a stripped-down version of Blend’s mortgage suite, provides the features necessary for retail independent mortgage banks to succeed in today’s market. Small lenders can pay for just the features most critical to their banking needs, reducing the cost burden of cloud banking technology. IMB Essentials includes Blend’s famous application process, soft credit pulls for cost savings, hard credit pulls, automated conditions management, and real-time loan pricing and scenarios. Customers whose businesses grow can also easily scale up to Blend’s full offering later. “This is a historic time for our industry. The mortgage market is grappling with the effects of…