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Blend Labs Inc - BLND STOCK NEWS

Welcome to our dedicated news page for Blend Labs (Ticker: BLND), a resource for investors and traders seeking the latest updates and insights on Blend Labs.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Blend Labs's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Blend Labs's position in the market.

News
Michigan Schools and Government Credit Union Selects Blend to Evolve its Digital Lending Experience
Rhea-AI Summary
Michigan Schools and Government Credit Union (MSGCU) has selected Blend to enhance its digital lending experience by streamlining the application process, automating workflows, and offering a consistent digital experience. Blend's technology aims to increase operational efficiency and improve member experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
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News
Randolph-Brooks Federal Credit Union Selects Blend to Transform its Loan Origination Experience
Rhea-AI Summary
Blend's Mortgage Suite and Home Equity Solution chosen by Randolph-Brooks Federal Credit Union, resulting in operational efficiency and cost savings. The collaboration aims to enhance member experience and streamline the mortgage origination process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.18%
Tags
none
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News
Blend Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Blend Labs, Inc. (BLND) meets fourth-quarter 2023 revenue guidance and shows strong operating loss improvement throughout the year. Despite market challenges, the company has made significant progress on strategic priorities, including revenue growth, mortgage relationships, and cost structure optimization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.57%
Tags
earnings
News
UPDATING and REPLACING Blend Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Blend Labs, Inc. (BLND) announces fourth quarter and full year 2023 financial results, meeting revenue guidance and showing strong operating loss improvement. Despite market challenges, Blend has achieved growth in consumer banking revenue, maintained leading market share in mortgages, and reduced operational losses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.57%
Tags
earnings
-
News
Blend to Announce Fourth Quarter and Full Year 2023 Financial Results on March 14, 2024
Rhea-AI Summary
Blend Labs, Inc. (NYSE: BLND) will host a conference call to discuss its Q4 and full-year 2023 financial results. The call will take place on March 14, 2024, at 4:30 pm ET. Investors can access the press release and financial information on the company's investor website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.29%
Tags
earnings
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News
Blend’s Soft Credit Functionality Supports Fannie Mae’s Desktop Underwriter Early Assessment Enhancement
Rhea-AI Summary
Blend (BLEND) supports Fannie Mae’s Desktop Underwriter® (DU®) early assessment enhancement with a direct integration from Blend’s soft credit pull functionality. The cost to pull a hard credit file has increased, leading the mortgage industry to move towards using a soft credit data file early in the origination process for qualifying and assessment in the pre-qualification and pre-approval phase. Blend first piloted its soft credit functionality for lenders in July 2022 and announced its general availability in May 2023. Lenders who have adopted soft credit pulls have the potential to save up to 71% compared to utilizing all hard inquiries. With the availability of Fannie Mae’s DU early assessment, more lenders will be able to leverage the benefits of soft credit functionality within Blend’s digital platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.38%
Tags
none
News
Blend Named a Leader in Two IDC MarketScape Reports for North American Consumer Lending
Rhea-AI Summary
Blend (BLND) has been named a Leader in two IDC MarketScape reports for North American Consumer Lending Customer Experience Solutions and Decisioning Platforms. The company's strengths include a low-code, user-configurable lending platform, AI-powered assistant for loan officers, and a mobile lending platform with virtual closing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.69%
Tags
none
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News
Blend Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
NYSE:BLND - Blend Labs, Inc. Meets Revenue and Operating Loss Targets for Third Consecutive Quarter, Reports $40.6 Million in Total Company Revenue. Mortgage Business Outperforms Market, GAAP gross profit margin up to 54% from 38% in 3Q22.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.43%
Tags
earnings
-
News
Blend to Announce Third Quarter 2023 Financial Results on November 7, 2023
Rhea-AI Summary
Blend Labs, Inc. to host conference call to discuss its third quarter 2023 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
earnings
News
Blend Launches Lower-Cost Offering for Retail Independent Mortgage Banks
Rhea-AI Summary
Blend launches Blend IMB Essentials, a new edition of its mortgage suite designed for retail independent mortgage banks (IMBs). The offering provides essential features for success in today's challenging market at a significantly lower price point.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.33%
Tags
none
Stock BLND logo
Blend Labs Inc

NYSE:BLND

BLND Rankings

#2771 Ranked by Market Cap
#4726 Ranked by Stock Gains
N/A Ranked by Dividends

BLND Stock Data

599.87M
189.12M
7.22%
54.09%
2.68%
Software Publishers
Information
Link
United States
San Francisco

About BLND

at blend, we’re dedicated to improving consumer lending. we partner with banks and lenders to power frictionless, compliant, and more accessible lending— starting with mortgages. we’re motivated by the fact that our product won’t just affect the lives of a few people in the bay area— it affects people all over america. founded in 2012 by a group of former palantir engineers, blend raised $100m from greylock and emergence capital in the summer of 2017. we've just moved into new offices in sf and ny, we're growing quickly, and we're going to need some help -- reach out at hello@blend.com.