Blend powers digital mortgage and consumer banking origination for banks and credit unions. See features, pricing model, pros, cons, and FAQs.
Blend Labs, Inc. (NYSE: BLND) is a publicly traded fintech company founded in 2012 by Nima Ghamsari, Eugene Marinelli, and Rosco Hill, and headquartered in San Francisco, California.
The company operates Blend, a digital origination platform used by banks, credit unions, independent mortgage banks, and mortgage servicers to move mortgage and consumer banking loan applications online.
Blend went public on the New York Stock Exchange in July 2021, pricing its IPO at $18 per share and raising roughly $360 million; the company employs approximately 680 people as of the most recent reporting.
Blend's Home Lending Suite covers mortgage origination, income and asset verification, tools for loan officers, digital closing, and rapid refinance and home equity products.
The Consumer Banking Suite covers digital deposit account opening and consumer loan origination, letting banks and credit unions offer online account opening alongside their mortgage products.
In 2025 and 2026, Blend introduced Blend Autopilot, an AI agent designed to automate parts of the loan origination review process, with the company reporting it can complete certain loan origination reviews in as little as 15 seconds.
Blend sells to regulated financial institutions rather than consumers directly, so it does not publish flat public pricing.
For its Mortgage Suite, Blend earns a platform fee for each loan funded through its software, reported at roughly $78 to $84 in economic value per funded loan in recent quarters, plus incremental fees for add-on services such as income verification delivered through partners on the platform.
The Consumer Banking Suite similarly earns fees tied to account openings and completed transactions rather than a flat subscription; prospective bank and credit union customers work with Blend's sales team to scope pricing based on loan volume and the specific modules used.
Blend is a digital origination platform that helps banks, credit unions, and mortgage lenders process mortgage and consumer banking loans online.
Yes, Blend Labs, Inc. trades on the New York Stock Exchange under the ticker symbol BLND.
Blend Labs was founded in 2012 by Nima Ghamsari, Eugene Marinelli, and Rosco Hill.
Blend earns usage-based fees, primarily a platform fee for each mortgage loan funded through its software, plus fees for consumer banking account openings and transactions.
Blend Autopilot is an AI agent introduced in 2025 and 2026 that automates parts of the loan origination review process.
The Home Lending Suite covers mortgage origination, verification, closing, and refinance products, while the Consumer Banking Suite covers digital deposit account opening and consumer loan origination.
Blend is used by banks, credit unions, independent mortgage banks, and mortgage servicers, including a large share of the top US financial institutions.
Blend does not publish flat public pricing; it charges usage-based fees, historically around $78-84 per funded mortgage loan, with pricing scoped through its sales team.