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. …
Posts published in “Nima Ghamsari”
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:…
The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1 million, up 46 percent from a year ago. Source: Inman News
Digital mortgage lending startup Blend announced Monday it’s raised an additional $130 million in venture capital funding, bringing the company’s total funding to $310 million.…