Latest news with #BlendLabs
Yahoo
17 hours ago
- Business
- Yahoo
Covius Services to Acquire Blend Labs' (BLND) Title365 Holding Co
Blend Labs, Inc. (NYSE:BLND) is one of the 10 Best Small-Cap Growth Stocks to Buy According to Analysts. On June 9, Blend Labs, Inc. (NYSE:BLND) announced signing a definitive agreement with Covius Services to sell its Title365 Holding Co. Title365 is a national title insurance and settlement services company licensed in 43 states. It serves top lenders, servicers, capital market participants, and home equity originators. After the acquisition, Title365 will continue partnering with Blend Labs, Inc. (NYSE:BLND) to provide title and closing services to Blend customers. Moreover, Kirby Hulbert, President of Title365 will join the Covius Settlement Services team. The transaction amount was not disclosed in the press release and is subject to certain required third-party consents and regulatory approvals. It is expected to close in the coming months. A close-up of a person's hand signing a mortgage document. This is an exciting next chapter for Blend, said Nima Ghamsari, CEO and Co-founder of Blend Labs, Inc. (NYSE:BLND). The CEO highlighted that partnering with leaders like Covius enables them to sharpen their focus on becoming a key player in the financial services industry. Blend Labs, Inc. (NYSE:BLND) is a financial digital origination platform that helps banks, credit unions, and mortgage lenders streamline and automate the process of originating loans and opening deposit accounts. While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
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.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on BLND: Disclaimer & DisclosureReport an Issue 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 Blend Labs' Earnings Call: Positive Momentum Amid Challenges
Yahoo
26-05-2025
- Business
- Yahoo
When Should You Buy Blend Labs, Inc. (NYSE:BLND)?
Blend Labs, Inc. (NYSE:BLND), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. While good news for shareholders, the company has traded much higher in the past year. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. But what if there is still an opportunity to buy? Today we will analyse the most recent data on Blend Labs's outlook and valuation to see if the opportunity still exists. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. According to our valuation model, Blend Labs seems to be fairly priced at around 17% below our intrinsic value, which means if you buy Blend Labs today, you'd be paying a reasonable price for it. And if you believe the company's true value is $4.17, then there isn't much room for the share price grow beyond what it's currently trading. Although, there may be an opportunity to buy in the future. This is because Blend Labs's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity. Check out our latest analysis for Blend Labs Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to grow by 83% over the next year, the near-term future seems bright for Blend Labs. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? BLND's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value? Are you a potential investor? If you've been keeping tabs on BLND, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. So feel free to check out our free graph representing analyst forecasts. If you are no longer interested in Blend Labs, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
07-05-2025
- Business
- Business Wire
Blend Expands Product Suite with Business Deposit Account Opening
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced the launch of its Business Deposit Account Opening solution, now available as part of Blend's unified Consumer Banking Suite. With this addition, financial institutions can now serve both consumers and businesses through a single, omnichannel platform that also supports personal loans, credit cards, auto loans, and home lending—helping financial institutions streamline operations, strengthen customer loyalty, and accelerate deposit and lending growth. 'Whether serving consumers or businesses, the best experiences are simple, fast, and connected—across every channel," said Srini Venkatramani, Head of Product, Technology, and Client Operations at Blend. "With Blend's unified platform, financial institutions can deliver seamless, digital-first onboarding that deepens relationships from the very first interaction." One Platform for Business & Consumer Deposit Growth Today, many financial institutions rely on multiple, disconnected systems to support deposits, personal loans, credit cards, auto loans, and home lending—leading to fragmented customer experiences and operational inefficiencies. Blend's Business Deposit Account Opening solution addresses this challenge by bringing consumer and business deposit onboarding together on a single platform. It supports all business types and structures—including sole proprietors, LLCs, partnerships, corporations, and nonprofits—and is purpose-built to meet the needs of small businesses seeking fast, frictionless access to banking services. With features like pre-filled applications, co-owner invites, built-in Know-Your-Business (KYB) and compliance checks, and full omnichannel support, Blend removes onboarding friction and enables real-time collaboration between applicants and bankers. Financial institutions can deliver consistent, modern experiences across digital, branch, and contact center channels. Key Benefits of Blend Deposit Accounts include: Simplify onboarding across products — Onboard business and consumer deposits, auto loans, credit cards, and auto loans on one platform—creating a consistent experience for both customers and staff. Deliver deeper customer engagement — Strengthen relationships by surfacing cross-sell opportunities, including the ability to onboard beneficial owners as members when opening business accounts. Boost banker productivity — Empower teams with automation and integrated tools to deliver seamless experiences across digital, branch, and phone—freeing them to focus on customer relationships, not paperwork. 'This new solution demonstrates Blend's commitment to ongoing innovation, ' Venkatramani added. 'We continue to partner with some of the country's leading financial institutions to co-create the future of banking.' For information on Blend's Business Deposit Account Opening, visit About Blend Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. 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. Better banking starts on Blend. To learn more, visit Forward-Looking Disclaimer This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'expect,' 'plan,' 'anticipate,' 'could,' 'would,' 'intend,' 'target,' 'project,' 'contemplate,' 'believe,' 'estimate,' 'predict,' 'potential' or 'continue' or the negative of these terms or other comparable terminology that concern Blend's expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Yahoo
16-04-2025
- Business
- Yahoo
Blend Labs, Alloy expand partnership to enhance digital banking security
Blend Labs, an origination platform for digital banking solution, has announced an expansion of its partnership with Alloy, a provider of identity and fraud prevention solutions. This new agreement allows Blend's clients to integrate Alloy's advanced fraud prevention capabilities into their digital banking services more efficiently, aiming to enhance the security of consumer banking experiences. The collaboration builds on an existing relationship between Blend and Alloy, which has already been providing integrated solutions for fraud prevention and compliance within Blend's deposit account and consumer lending offerings. Financial institutions, such as Langley Federal Credit Union, have reported positive outcomes from this joint initiative, stated the two companies. Blend Labs co-founder and CEO Nima Ghamsari said: 'Our partnership with Alloy helps us go beyond expectations, giving financial institutions the security and scalability they need to lend with confidence. 'With this expanded relationship, we're making it even easier and more cost-effective for lenders to access top-tier risk and fraud prevention tools—seamlessly built into their workflows.' The partnership facilitates identity orchestration, enabling lenders to fulfil know your customer (KYC) obligations and conduct fraud screenings by utilising various third-party data sources. Additionally, the implementation of configurable workflows optimises the process by intelligently sequencing data providers, allowing institutions to maintain a balance between security, compliance, and operational efficiency. Alloy chief revenue officer Keith Kettell said: 'By combining our expertise in fraud prevention with Blend's industry-leading consumer banking platform, we're equipping lenders with the tools they need to stay ahead of threats while also automating and simplifying their operations.' Earlier this month, Blend Labs partnered with Prove Identity to improve digital onboarding for lenders on its Consumer Banking platform. This collaboration incorporates the Prove Pre-Fill solution, which is intended to speed up the onboarding process for consumers applying for deposit accounts, credit cards, and loans. "Blend Labs, Alloy expand partnership to enhance digital banking security" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
