Blend (company)

Blend (company)

Blend invites companies that service the mortgage industry to sell digital tools--APIs--through its platform.

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

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Blend funding round, June 2012
June 1, 2012
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People

Name
Role
LinkedIn

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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References

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