Covius Services signs agreement to acquire Title365 from Blend Labs
Covius Services has signed a definitive agreement to acquire Title365 Holding from Blend Labs (BLND), a leading digital origination platform for banks, credit unions and mortgage lenders. The transaction is subject to certain required third-party consents and regulatory approvals. It is expected to close in the coming months. Rob Clements, Chairman and CEO of Covius, said: 'Covius has long been a market leader in providing a broad set of services to the mortgage industry. Title365 will further expand and scale Covius' presence in the origination title space and complement our strength in loss mitigation and default title. This acquisition aligns with our strategy of delivering a full range of tech-enabled products and services across the origination, servicing and capital market sectors.'
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Blend Labs: Strategic Positioning and Growth Potential in the Mortgage Industry
Blend Labs price target raised to $4 from $3.50 at Keefe Bruyette
Blend Labs management to meet with Citizens JMP
Blend Labs: Strategic Growth and Profitability Amid Market Challenges
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