Mortgage and banking tech provider reports a $41.8 million Q3 net loss with revenue down 27 percent from a year ago to $40.59 million, but…
Posts published in “Nima Ghamsari”
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. …
While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2 percent of mortgages originated in H2 2022. …
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…
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…
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than…
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
A sharp decline in mortgage refinancing prompts Blend to pull back “very hard” on hiring and reconsider the “right number of people” needed in 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:…