Blend Labs, Onity Group Unit Partner to Streamline Mortgage Process

MT Newswires Live12-13

Blend Labs (BLND) late Thursday disclosed a new partnership with PHH Mortgage to add efficiency and simplicity to PHH's home lending operations.

Financial terms of the new partnership were not disclosed but Blend said the Onity Group (ONIT) subsidiary plans to use its Mortgage Suite to streamline its document collection and enhance file quality.

PHH Mortgage is expected to utilize Blend Close to assist with the closing process on loans, Blend added.

Shares of Blend Labs were up 2.4% in after-hours activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment