Blend invites companies that service the mortgage industry to sell digital tools--APIs--through its platform.
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 InstituteUrban Institute, $1.8 trillion worth of mortgage were originated in the U.S. in 2017.
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