Blend Labs Stock Price, News & Analysis

Blend Labs, Inc. (NYSE: BLND) operates in the information sector as a software publisher focused on financial services. According to company disclosures and recent press releases, Blend provides a cloud-based, digital origination platform that connects financial services firms with consumers. Financial providers such as banks, credit unions, mortgage lenders, fintechs, community and independent mortgage banks use Blend’s technology to support applications for mortgages, consumer loans, and deposit accounts.

Blend describes itself as a digital origination platform and origination platform for digital banking solutions. Its software is designed to help financial institutions streamline workflows, launch products faster, and deliver borrower and account-holder experiences that are more consistent and user-friendly. From the application stage through to closing, Blend’s platform is used to digitize and coordinate many of the steps involved in lending and account opening.

Business model and platform focus

Based on its public materials, Blend’s core business centers on its software platform, which generates the majority of the company’s revenue. The platform supports the origination process for multiple product types, including mortgages, home equity products, consumer loans, and deposit accounts. The company has highlighted two operating segments in prior descriptions: a Blend Platform segment that powers the origination process from back-end workflows to consumer-facing experiences, and a Title segment that enables customers to streamline title, settlement, and closing for mortgage and home equity transactions. Blend has also indicated a strategic shift toward software-driven title solutions delivered through partners.

Blend reports software platform revenue and professional services revenue. The software platform revenue is associated with its digital origination technology, while professional services revenue reflects services that support customers in deploying and using the platform. The company emphasizes its role as a long-term, multi-product platform partner for financial institutions, with a focus on remaining performance obligations and multi-year customer relationships as indicators of its contracted business.

End markets and customers

In its press releases, Blend states that its customers include large banks, regional institutions, community banks, credit unions, mortgage lenders, independent mortgage banks, and fintechs. The platform is used across mortgage lending, home equity lines of credit, home equity loans, consumer lending, and deposit account opening. By serving a range of financial institutions, Blend positions its technology as a way for these organizations to compete digitally while maintaining the relationship-driven aspects of their brands.

Blend has also referenced partnerships with other technology and service providers in the lending ecosystem. For example, the company has expanded partnerships to integrate AI-powered instant title decisioning into its home lending platform, reflecting a model in which Blend’s software connects lenders with third-party capabilities inside the origination workflow.

Technology and Intelligent Origination

Blend has publicly introduced Intelligent Origination, described as an AI-powered system built into its digital lending platform. According to the company, Intelligent Origination embeds agentic intelligence directly within the execution layer of lending, orchestrating data, documents, and product rules in context. The goal is to move from isolated task automation toward continuous, end-to-end execution of lending workflows.

Company materials explain that Intelligent Origination is designed to validate data, identify discrepancies, and trigger appropriate next steps in real time. The system is intended to keep humans involved where judgment is required, while AI manages repetitive, rules-driven tasks with transparency and auditability. Initial implementations focus on back-office use cases such as data and document intelligence, dynamic follow-up logic when information is missing, and pre-funding quality control that reviews files for accuracy before funding.

Product areas and solutions

Blend’s disclosures refer to several product groupings and suites within its platform. The company has described a Mortgage Suite and a Consumer Banking Suite, and has highlighted mortgage, home equity, consumer lending, and deposit products as key areas where its technology is applied. It has also referenced flagship Mortgage and Rapid Home Lending solutions in connection with integrated title capabilities.

In its discussion of Economic Value per Funded Loan, Blend identifies core software and add-on products associated with mortgage applications, as well as partnerships delivered through an integrated marketplace. Core software in this context includes mortgage-related applications and closing tools. Add-on products and partner offerings are presented as ways to broaden the value derived from each funded loan and deepen client relationships through the software platform.

Partnerships and ecosystem

Blend’s public communications emphasize partnerships with other technology providers to extend the capabilities available through its platform. For example, the company has expanded a partnership with Doma Technology, LLC to bring AI-powered instant title decisioning into Blend’s home lending platform. Lenders using Blend’s Mortgage and Rapid Home Lending solutions can access Doma’s Upfront Title within the borrower application flow, enabling earlier title decisions and a more digital title and closing process.

Blend has also indicated that, following a definitive agreement to sell its title insurance business to another provider, it is focusing on offering software-driven title solutions through partners rather than operating title services directly. This aligns with its stated emphasis on using its platform scale and partner integrations to streamline complex workflows such as title and closing.

Financial reporting and metrics

Blend reports its financial results with a breakdown between software platform revenue and professional services revenue, and discusses GAAP and non-GAAP measures such as gross profit margin, income or loss from operations, and operating margin. The company also uses metrics like remaining performance obligations (RPO) and Economic Value per Funded Loan to describe its business performance and customer relationships.

In its earnings materials, Blend explains adjustments used to derive non-GAAP measures, including the exclusion of stock-based compensation, workforce reduction costs, facilities-related charges for abandoned or terminated leases, compensation realignment costs, litigation contingencies, transaction-related costs, amortization and impairment of capitalized internal-use software, executive transition costs, gains and losses on certain investments or transactions, loss on extinguishment of debt, and foreign currency gains and losses. These explanations are presented as part of the company’s effort to provide additional insight into its operating performance.

Corporate information and listing

Blend Labs, Inc. is incorporated in Delaware and lists its Class A common stock on the New York Stock Exchange under the ticker symbol BLND. The company has reported principal executive offices in Novato, California in its SEC filings. Blend has participated in investor conferences and communicates with investors through SEC filings, press releases, public conference calls, webcasts, and its investor relations channels.

Through its focus on digital origination for mortgages, consumer loans, and deposit accounts, and through the introduction of Intelligent Origination and partner-enabled capabilities such as instant title decisioning, Blend positions its platform as a technology layer that financial institutions use to modernize lending and account opening processes.