Blend posted a $9.4 million loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down 22 percent from Q4. Its consumer banking suite brought in $9.6 million.
Source: Inman News
Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
Published in blend, Blend Labs, Blend Labs Inc., consumer banking services, CrossCountry Mortgage, earnings, independent mortgage banks, Justin Venhousen, Mortgage, mortgage revenue, mortgage technology, Mr. Cooper Group, Nima Ghamsari, san diego, san francisco, Select, software-first business model, Technology and title365
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