The mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in five rounds of layoffs in the last 16 months. …
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The San Francisco-based cloud banking software provider has trimmed the company’s payroll by 1,100 employees and cut annual expenses by $72 million. Source: Inman News
The mortgage tech and title provider posted a $132.7 million net loss in the third quarter of 2022, with revenue falling 38 percent from a…
“Strategic partnership” is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25 percent this year and…
As cumulative losses climb toward $1 billion, co-founder Nima Ghamsari still plans to lead a “once-in-a-lifetime industry transformation” powered by the mortgage tech provider and…
Blend’s net loss for the quarter — up 167 percent from a year ago — came despite a 124 percent year-over-year increase in revenue, to…
The mortgage tech provider’s newly acquired title insurance business has been particularly hard hit by the end of the refinancing boom. Source: Inman News
Through its LENx investing division, Lennar has invested in a portfolio of two dozen companies, including Opendoor, Blend Labs, Divvy Homes and Doma. Source: Inman…
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the…
The cloud banking software developer raises full-year revenue guidance by $13 million as it signs new clients, launches new products and integrates Title365 acquisition. Source:…