PHH Mortgage Partners with Blend to Revolutionize Home Lending Operations
Blend Labs (NYSE: BLND) has announced a strategic partnership with PHH Mortgage, a subsidiary of Onity Group Inc., to modernize their home lending operations. The collaboration involves implementing Blend's Mortgage Suite, which includes the Loan Officer Toolkit and Blend Close features. The partnership aims to enhance borrower experience, reduce loan cycle times, and improve operational efficiency through automation of manual processes.
PHH Mortgage selected Blend for its comprehensive and integrated solutions that streamline document collection and enable digital closings within a single platform. According to HMDA data, 20 of the top 50 mortgage originators use Blend's platform as of September 30, 2024, highlighting the company's significant market presence.
Blend Labs (NYSE: BLND) ha annunciato una partnership strategica con PHH Mortgage, una sussidiaria di Onity Group Inc., per modernizzare le loro operazioni di prestito abitativo. La collaborazione prevede l'implementazione della Mortgage Suite di Blend, che include il Loan Officer Toolkit e le funzionalit脿 di Blend Close. L'obiettivo della partnership 猫 migliorare l'esperienza dei mutuatari, ridurre i tempi di ciclo dei prestiti e ottimizzare l'efficienza operativa tramite l'automazione dei processi manuali.
PHH Mortgage ha scelto Blend per le sue soluzioni integrate e complete che semplificano la raccolta dei documenti e consentono chiusure digitali all'interno di un'unica piattaforma. Secondo i dati HMDA, 20 dei primi 50 originatori di mutui utilizzano la piattaforma di Blend a partire dal 30 settembre 2024, evidenziando la significativa presenza dell'azienda nel mercato.
Blend Labs (NYSE: BLND) ha anunciado una asociaci贸n estrat茅gica con PHH Mortgage, una subsidiaria de Onity Group Inc., para modernizar sus operaciones de pr茅stamos hipotecarios. La colaboraci贸n implica la implementaci贸n de la Mortgage Suite de Blend, que incluye el Loan Officer Toolkit y las funciones de Blend Close. El objetivo de la asociaci贸n es mejorar la experiencia del prestatario, reducir los tiempos del ciclo de pr茅stamos y mejorar la eficiencia operativa mediante la automatizaci贸n de procesos manuales.
PHH Mortgage eligi贸 a Blend por sus soluciones integrales y completas que agilizan la recolecci贸n de documentos y permiten cierres digitales dentro de una 煤nica plataforma. Seg煤n los datos de HMDA, 20 de los 50 principales originadores de hipotecas utilizan la plataforma de Blend a partir del 30 de septiembre de 2024, destacando la significativa presencia de la empresa en el mercado.
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PHH Mortgage电� 氍胳劀 靾橃鞚� 臧勳唽頇旐晿瓿� 雼澕 頂岆灚韽� 雮挫棎靹� 霐旍韯� 膦呺毳� 臧�電ロ晿瓴� 頃樀鐢 韽磩鞝侅澊瓿� 韱淀暕霅� 靻旊（靺橃潉 鞙勴暣 Blend毳� 靹犿儩頄堨姷雼堧嫟. HMDA 雿办澊韯办棎 霐半ゴ氅� 2024雲� 9鞗� 30鞚� 旮办鞙茧 靸侅渼 50臧� 氇赴歆� 旮办洂鞛� 欷� 20臧滉皜 Blend鞚� 頂岆灚韽检潉 靷毄頃橁碃 鞛堨溂氅�, 鞚吹鐢 須岇偓鞚� 鞁滌灔 雮� 欷戩殧頃� 臁挫灛臧愳潉 臧曥“頃╇媹雼�.
Blend Labs (NYSE: BLND) a annonc茅 un partenariat strat茅gique avec PHH Mortgage, une filiale d'Onity Group Inc., pour moderniser leurs op茅rations de pr锚t immobilier. La collaboration comprend la mise en 艙uvre de la Mortgage Suite de Blend, qui inclut le Loan Officer Toolkit et les fonctionnalit茅s de Blend Close. L'objectif de ce partenariat est d'am茅liorer l'exp茅rience des emprunteurs, de r茅duire les d茅lais de traitement des pr锚ts et d'am茅liorer l'efficacit茅 op茅rationnelle gr芒ce 脿 l'automatisation des processus manuels.
PHH Mortgage a s茅lectionn茅 Blend pour ses solutions compl猫tes et int茅gr茅es qui simplifient la collecte de documents et permettent des cl么tures num茅riques sur une seule plateforme. Selon les donn茅es de la HMDA, 20 des 50 principaux originateurs de pr锚ts utilisent la plateforme de Blend 脿 partir du 30 septembre 2024, soulignant la pr茅sence significative de l'entreprise sur le march茅.
Blend Labs (NYSE: BLND) hat eine strategische Partnerschaft mit PHH Mortgage, einer Tochtergesellschaft der Onity Group Inc., bekannt gegeben, um ihre Wohnungsbaumfinanzierung zu modernisieren. Die Zusammenarbeit umfasst die Implementierung der Mortgage Suite von Blend, die das Loan Officer Toolkit und die Funktionen von Blend Close beinhaltet. Ziel der Partnerschaft ist es, die Erfahrung der Kreditnehmer zu verbessern, die Kreditzykluszeiten zu verk眉rzen und die betrieblichen Effizienz zu steigern, indem manuelle Prozesse automatisiert werden.
PHH Mortgage w盲hlte Blend wegen seiner umfassenden und integrierten L枚sungen, die die Dokumentensammlung vereinfachen und digitale Abschl眉sse auf einer einzigen Plattform erm枚glichen. Laut HMDA-Daten nutzen 20 der 50 gr枚脽ten Hypothekenanbieter die Plattform von Blend, Stand 30. September 2024, was die bedeutende Marktpr盲senz des Unternehmens unterstreicht.
- Partnership with major mortgage servicer PHH expands market presence
- 20 of top 50 mortgage originators currently use Blend's platform
- Integration of comprehensive Mortgage Suite solution demonstrates product adoption
- None.
Insights
Collaboration to enhance borrower experience, streamline lender workflows, and improve conversion rates
By automating and eliminating many of the manual steps that delay approvals and timely closings, the implementation of Blend鈥檚 Mortgage Suite is expected to enhance the borrowers鈥� application experience, shorten loan cycle times, and free up loan officer capacity so they can focus more of their time on advising borrowers.
鈥淎t PHH Mortgage, we鈥檙e truly passionate about making the loan process as seamless and intuitive as possible for our customers while providing our teams with tools that match today鈥檚 consumer expectations,鈥� said Colin Friday, Senior Vice President of Mortgage Origination at PHH Mortgage. 鈥淏y partnering with Blend, we鈥檙e embracing advanced automation and digital capabilities that not only eliminate inefficiencies but also allow us to focus on what truly matters鈥攈elping our customers achieve their homeownership dreams.鈥�
PHH Mortgage has chosen Blend for its comprehensive and fully integrated , featuring advanced tools like the , designed to streamline document collection and enhance file quality. The partnership also includes the implementation of , which enables seamless, digital closings, empowering PHH Mortgage to deliver a modern and efficient closing experience鈥攁ll within a single, cohesive platform.
鈥淟enders like PHH Mortgage are redefining home lending with strategies that build stronger connections and long-term relationships with borrowers,鈥� said Nima Ghamsari, Co-Founder and Head of Blend. 鈥淲e鈥檙e honored to be a key partner in that journey, delivering seamless, cost-efficient origination solutions that drive higher conversion rates and build long-term loyalty.鈥�
According to , as of September 30, 2024 20 of the top 50 mortgage originators rely on Blend鈥檚 platform, underscoring Blend鈥檚 position as a trusted partner for financial institutions modernizing their lending operations. To learn more about Blend's Mortgage Suite, visit .
About Blend
Blend Labs, Inc. (NYSE:BLND) is a leading origination platform for digital banking solutions. Financial providers鈥� from banks, credit unions to community and independent mortgage banks鈥攗se Blend鈥檚 platform to transform banking experiences for their customers. To learn more, visit .
About Onity Group
Onity Group Inc. (NYSE: ONIT) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation鈥檚 largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. We are headquartered in
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, quotations of management, 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 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渆xpect,鈥� 鈥減lan,鈥� 鈥渁nticipate,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥渋ntend,鈥� 鈥渢arget,鈥� 鈥減roject,鈥� 鈥渃ontemplate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥減redict,鈥� 鈥減otential鈥� or 鈥渃ontinue鈥� or the negative of these terms or other comparable terminology that concern Blend鈥檚 and Onity Group鈥檚 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 Onity Group 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 and Onity Group do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
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Press Contacts
Chlo茅 Demeunynck
Corporate Communications
press@blend.com
Dico Akseraylian
SVP, Corporate Communications
mediarelations@onitygroup.com
Source: Blend
FAQ
What is the impact of Blend's partnership with PHH Mortgage on BLND stock?
How many top mortgage originators use Blend's platform as of September 2024?
What products will PHH Mortgage implement from Blend's offerings?
How will Blend's technology improve PHH Mortgage's operations?
