Blend Labs Inc Stock Price, News & Analysis

Blend Labs, Inc. (NYSE: BLND) has launched a shareholder Q&A platform ahead of its third quarter earnings call scheduled for 5:30 pm ET on November 10, 2021. This initiative allows retail and institutional investors to submit and upvote questions for management, fostering greater engagement. The platform will remain open until 24 hours before the earnings call, with a live webcast accessible via the company's investor relations website. Blend's cloud banking platform facilitates over $5 billion in daily loans, serving major clients like Wells Fargo and U.S. Bank.

Polly announced an integration partnership with Blend to enhance the digital loan origination process for financial institutions. The collaboration integrates Polly's Pricing Engine with Blend's Point of Sale (POS), allowing Loan Officers to efficiently collect necessary data for determining mortgage pricing and terms. This digital solution reduces manual workflows by nearly 80%, streamlining the loan qualification process. Both companies aim to provide cost-effective, speedier services to mortgage bankers and consumers, optimizing performance and reducing expenses in a traditionally manual industry.

Blend (NYSE: BLND) has launched its new Blend Income Verification tool, providing instant income verification for mortgages, consumer loans, and deposit account openings. The product consolidates various data sources to streamline credit risk assessments, benefiting over 25 clients including major banks. This innovation addresses the challenges faced by gig economy workers in securing loans. Blend's solution minimizes the need for traditional documentation, enhancing efficiency in loan application processing and underwriting.

Blend Labs, Inc. (NYSE: BLND) will host a conference call to discuss its third quarter 2021 financial results on November 10, 2021, at 5:30 PM ET. A press release with detailed financial information will precede the call, available on the Company's investor website. The conference call can be accessed via phone or online, with a replay available until November 20, 2021. Blend's platform supports numerous financial institutions, facilitating over $5 billion in loans processed daily, enhancing customer experience across the banking sector.

Blend (NYSE: BLND) has expanded its partnership with Frost Bank to enhance digital transformation across various banking services. Previously focused on home equity loans, the collaboration now includes mortgage, consumer banking, and deposits. Frost Bank, ranked highest in customer satisfaction among Texas banks by J.D. Power, aims to streamline customer experiences through Blend’s technology, improving operational efficiency for loan officers. This initiative supports Frost Bank's commitment to advancing customer service in retail banking.

Blend Labs, Inc. (NYSE: BLND) announced that Nima Ghamsari will participate in a virtual fireside chat at the Morgan Stanley Spark Conference on Friday, October 13, 2021, starting at 10:15 a.m. PT / 1:15 p.m. ET. The chat will be webcast live on the company's investor relations website, with a replay available for 10 days post-conference. Blend offers a cloud banking platform used by major firms like Wells Fargo and U.S. Bank, processing over $5 billion in loans daily, enhancing customer acquisition and productivity in financial services.

Blend Labs, Inc. (NYSE: BLND) announced that Marc Greenberg, Head of Finance, will participate in a virtual fireside chat at the Deutsche Bank Technology Conference on Friday, September 10, 2021, starting at 9:45 a.m. PT / 12:45 p.m. ET. The discussion will be webcast live on the company's investor relations website, with a replay available for 10 days post-conference. Blend's cloud banking software supports over 310 financial services firms, processing more than $5 billion in daily loans, enhancing customer acquisition and productivity.

Blend Labs, Inc. (NYSE:BLND) reported second-quarter 2021 revenue of $32.1 million, a 46% increase year-over-year. However, losses from operations rose to $39.6 million compared to $20.8 million in the prior year. The company completed the acquisition of Title365 and now serves 32 of the top 100 U.S. financial firms. FY2021 revenue guidance is projected between $226-$232 million, with pro forma revenue expected at $365-$371 million.

Blend Labs, Inc (NYSE: BLND) will host a conference call on August 19, 2021, at 5:00 pm ET to discuss its Q2 2021 financial results. The call will feature key executives, including Co-Founder Nima Ghamsari and President Tim Mayopoulos. A press release with the financial results will be issued post-market closure on the same day. Investors can access the call via the company's investor relations website or by phone. A replay will be available until August 26, 2021.