Latest news with #BlendLabsInc
Business Wire
5 days ago
- Business
- Business Wire
Blend to Participate in William Blair 45th Annual Growth Stock Conference
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs Inc. (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, today announced that its management will participate at the following investor conference: William Blair 45th Annual Growth Stock Conference Chicago, IL Wednesday, June 4, 2025 Fireside Chat at 8:00 a.m. CT The conference fireside chat will be available via live audio webcast accessible on the Investors section of the Company's website at About Blend Blend Labs Inc., (NYSE: BLND) is a leading digital origination platform for banks, credit unions, and mortgage lenders. From mortgages to consumer loans to deposit accounts, Blend helps financial institutions streamline workflows, launch faster, and deliver standout customer experiences. In 2024, Blend's platform powered $1.2 trillion in loan applications. Learn more at
Business Wire
01-05-2025
- Business
- Business Wire
The Federal Savings Bank Partners with Blend to Power a Faster
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced that The Federal Savings Bank (TFSB), a top privately held, federally chartered veteran-owned bank with $1.18 billion in assets, has expanded its partnership with Blend to implement Rapid Refi, a solution that dramatically shortens the refinance process—from application to Intent to Proceed—in less than 20 minutes. 'From the moment we saw Rapid Refi, we were all in,' said Michael Belmont, Chief Technology Officer at The Federal Savings Bank. 'Refinance borrowers move quickly, and any delay or friction can lead to lost business. With Rapid Refi, we're not just speeding things up—we're delivering the kind of experience borrowers expect today.' TFSB selected Rapid Refi to address a critical industry challenge: high fallout during rate shopping. Refinance retention across the banking industry remains low—just 12% on average—resulting in billions in lost revenue. And in a market where customer retention is becoming a key growth driver, even modest gains can create meaningful strategic advantages. To address this, TFSB is reimagining the borrower journey with Blend's hyper-personalized and automated experience that enables borrowers to complete their refinance application and receive disclosures in a single, seamless session, without the need for human intervention. For lenders like TFSB, adopting Blend's Rapid Refi has already shown early promise, with pilot programs driving more than a 20% increase in borrower retention. 'Refinance transactions have long been plagued by outdated workflows and low retention,' said Nima Ghamsari, co-founder and CEO of Blend. 'We built Rapid Refi to help lenders compete on speed, trust, and customer experience—and TFSB is the perfect example of how that vision comes to life.' About Blend Rapid Refi Blend Rapid Refi transforms the refinance experience by combining connected data, intelligent automation, and hyper-personalization to take borrowers from inquiry to Intent-to-Proceed in a single 'rapid' session. By automating qualification, disclosure handling, and capturing Intent-To-Proceed, borrowers can move quickly and effortlessly through the entire process, creating a truly rapid experience. For Blend's Rapid Refi solution, the first refinance types—conventional cash-out and FHA Streamline—are generally available. Additional types, including VA IRRRL and conventional rate/term refinances, are slated for release in the first half of 2025. To turn refinance opportunities into funded loans faster, 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 About The Federal Savings Bank The Federal Savings Bank is the largest, privately held, veteran owned and operated bank in the country. As a federally chartered bank, we are proud to be a nationwide mortgage lender, supporting borrowers in all 50 states. By fusing cutting-edge technology with personalized care, we help make the home lending journey as smooth and efficient as possible. 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
02-04-2025
- Business
- Yahoo
Is Blend Labs Inc. (BLND) the Best Technology Penny Stock to Buy Right Now?
We recently published a list of . In this article, we are going to take a look at where Blend Labs Inc. (NYSE:BLND) stands against other best technology penny stocks to buy right now. Marta Norton, the chief investment strategist at Empower, appeared on CNBC's 'Squawk Box' on March 26 to express her bullish outlook on small caps and emphasize that the market's short-term trajectory depends on upcoming tariff decisions. The question is whether tariffs are short-term and less disruptive negotiating tools, or a disruptive and longer-lasting precursor to a shift in global trade that could address the trade deficit, and create extra revenue for the federal government. Norton explained that tariffs initially affect earnings and are then followed by the companies' attempts to pass increased costs to consumers. However, this usually doesn't happen due to demand elasticity and the general nature of consumers. Sectors like tech show minimal earnings revisions despite the potential cost and revenue impacts that come from retaliatory measures. Norton advised investors to go for a balanced approach in 2025 and stated that there aren't many areas where you can move in right now, but small caps are an exception to this sentiment. Small-cap stocks have transitioned from relatively cheap to absolutely cheap very recently. While small caps exhibit economic sensitivity, adding positions in them is relatively safer. Later, on March 29, Tony Wang, T. Rowe Price portfolio manager, joined 'Closing Bell Overtime' on CNBC to talk about the volatility in tech, and whether it's a time for heightened caution or not. Wang noted that this volatility is more likely a buying opportunity than not. He observed that growth and momentum in the tech sector have been high in the past few years. The tech sector in particular recently saw two years of strong growth. He thinks that valuations haven't yet reached capitulation levels. We sifted through the Finviz stock screener to compile a list of the top technology penny stocks that were trading under $5 as of March 28. We then selected the 13 technology stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 900 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up of a person's hand signing a mortgage document. Share Price as of March 28: $3.44 Number of Hedge Fund Holders: 33 Blend Labs Inc. (NYSE:BLND) offers cloud-based software platform solutions for financial services firms in the US. It operates through the Blend Platform segment and the Title365 segment. The Blend Builder Platform offers products that power digital-first consumer journeys for services like mortgages and loans. The company also provides professional and consulting services. In Q4 2024, revenue for the company's Consumer Banking segment surged by 48% year-over-year and reached the $9.5 million mark. The full-year 2024 revenue for this segment experienced a 42% growth. This was fueled by the company's ability to offer solutions to institutions that extend beyond mortgage lending. This includes consumer deposit account opening and customized lending solutions. Blend Labs Inc. (NYSE:BLND) is seeing strong adoption of its home equity products within the Consumer Banking segment. These are financial products that allow homeowners to borrow money using their equity. The company's rapid home equity products solution incorporates next-gen speed into the home equity lending workflow and is quite popular among customers. Around 100 customers use this flagship solution. Overall, BLND ranks 3rd on our list of best technology penny stocks to buy right now. As we acknowledge the growth potential of BLND, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLND but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
