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…
Blend Labs announced a new soft credit pull for the mortgage prequalification process. Blend says the move is a response to an increase in the cost for lenders requesting hard tri-merge credit reports. FICO and the national credit bureaus have raised prices for credit reports, saying the “vast majority” of mortgage lenders would see price…
Mountain America Credit Union is offering home equity through cloud banking software Blend, according to the companies. Mountain America will use Blend’s Instant Home Equity solution to provide members access to a fully digital end-to-end home equity solution that will cut down its application approval times. “Our focus is always on our members and providing…
Mortgage-as-a-service provider Pylon has raised $8.5 million in seed funding for the development of its embedded mortgage infrastructure platform, the company announced in a press release. Funding is led by Conversion Capital with participation from Fifth Wall, Peter Thiel, and QED Investors, among others. Zillow, Blend, Ramp, SoFi, and Figure offered additional funds as angel…
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