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Stock impact report

PHH Mortgage Partners with Blend to Revolutionize Home Lending Operations

Blend Labs, Inc. Class A (BLND) 
Company Research Source: Business Wire
Collaboration to enhance borrower experience, streamline lender workflows, and improve conversion rates SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced a partnership with PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE: ONIT) and one of the largest servicers in the country, to bring a new level of efficiency and simplicity to PHH’s home lending operations.By automating and eliminating many of the manual steps that delay approvals and timely closings, the implementation of Blend’s Mortgage Suite is expected to enhance the borrowers’ application experience, shorten loan cycle times, and free up loan officer capacity so they can focus more of their time on advising borrowers.“At PHH Mortgage, we’re 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’s consumer expectations,” said Colin Show less Read more
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