Founded in 2012 by three Palantir alums, Blend sells white-label mortgage technology to banks and other lenders. By bringing the application process to the cloud and directly connecting to information sources Blend cuts down the time and the expense of originating a mortgage.
Customers include Wells Fargo and U.S. Bank. Overall, the roughly 75 lenders using Blend represent more than 25% of the total U.S. mortgage market and around $60 billion in mortgage applications flowed through their software last year. According to the Urban Institute, $1.8 trillion worth of mortgage were originated in the U.S. in 2017.
Customers using Blend platform
- Lendus
- Blue Hills Bank
- Mountain America Credit Union
- Camden National Bank
- SWBC Mortgage
- Alcova Mortgage
- Legacy Mutual Mortgage
Funding
By April 2018, Blend had raised $160 million in venture capital funding giving it a half-billion dollar valuation.
Timeline
Funding rounds
People
Adam Ting
Employee
Akhil Nadendla
Employee
Albert Wong
Employee
Alex Beregszaszi
Founder
Alex Fish
Employee
Alex Fishman
Investor
Alex Kolicich
Advisor
Alexander Yu
Employee
Alexandra Escobar
Employee
Allison Mammen
Employee
Amer Sultan
Employee
Andrea D'Eramo
Employee
Andrea Harris
Employee
Andrea Whiting
Employee
Anthony (Tones) Porter
Employee
Arjun Baokar
Employee
Austin Bellows
Employee
Ayman Shafin Karim
Employee
Bailey Miller
Employee
Bianca Giarratano
Employee
Birdie Bry
Employee
Brett Van Buskirk
Employee
Brian Martin
Employee
Brian Thompson
Employee
Brooke Lengsfelder
Employee
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