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 title insurance segment.
Source: Inman News
Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs
Published in Better, blend, Guaranteed Rate, Industry News, inflation, Keller Mortgage, layoffs, Marc Greenberg, Mortgage, mortgage rates, Mr. Cooper, Nima Ghamsari, PennyMac, Select, Technology, Tim Mayopoulos and title365
More from BetterMore posts in Better »
- Better shares soar on bullish thesis by activist investor Eric Jackson
- Shares in Better get a boost from $534M debt restructuring
- Better’s losses shrink as AI boosts 2024 loan volume, revenue
- Better waiving $995 origination fee for repeat mortgage customers
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
More from blendMore posts in blend »
More from Guaranteed RateMore posts in Guaranteed Rate »
More from Industry NewsMore posts in Industry News »
More from inflationMore posts in inflation »
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
- Why is the Fed cutting interest rates — and what happens next?
- Homeowners rush to refinance as mortgage rates hit 2025 low
- Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week
- Homebuyer demand surges as mortgage rates tumble to 2025 low
More from Keller MortgageMore posts in Keller Mortgage »
- Judge strikes John Davis’ request from record, calling it ‘scandalous’
- Gary Keller seeks to punish John Davis for ‘salacious claims’
- John Davis escalates lawsuit against KW with new accusations
- Truist puts former Keller Williams exec in charge of home loans
- Keller Williams offloads mortgage division to Mutual of Omaha
More from layoffsMore posts in layoffs »
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Side debuts profit-sharing program, lays off staff members
- Redfin lays off nearly 100 Redfin Concierge service employees
- Offerpad confirms layoffs after ‘restructuring’ amid down market
More from Marc GreenbergMore posts in Marc Greenberg »
More from MortgageMore posts in Mortgage »
More from mortgage ratesMore posts in mortgage rates »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Is fall the new spring? Market winds may be shifting, NAR says
- How a government shutdown would affect real estate agents
- August existing-home sales may have been lowest in a decade
- New-home sales spiked in August to highest rate since 2022
More from Mr. CooperMore posts in Mr. Cooper »
- Here’s what comes next in the Compass-Anywhere deal
- Compass to acquire Anywhere in $1.6B deal, capping rise to top
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- LoanDepot shares surge on bullish call by Citron Research
- Mr. Cooper shareholders approve merger with Rocket Companies
More from Nima GhamsariMore posts in Nima Ghamsari »
- Blend Labs embraces Doma’s ‘instant title decisioning’ solution
- Covius inks agreement to acquire Blend’s Title365 business
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Consumer banking helps Blend weather 2024 mortgage doldrums
- Blend Labs will power originations, closings for PHH Mortgage
More from PennyMacMore posts in PennyMac »
- Lenders getting a jump on higher 2026 conforming loan limits
- Pennymac takes a stake in Vesta, launches non-QM mortgages
- UWM and Rate join the $802K conforming loan limit party
- Pennymac joins Rocket in boosting conforming loan limit to $802,650
- Black Knight awarded $155.2M in PennyMac trade secrets lawsuit
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
More from TechnologyMore posts in Technology »
More from Tim MayopoulosMore posts in Tim Mayopoulos »
More from title365More posts in title365 »
- Blend Labs embraces Doma’s ‘instant title decisioning’ solution
- Covius inks agreement to acquire Blend’s Title365 business
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Blend trims loss, shrugs off decline in mortgage segment revenue
- Mortgage tech provider Blend gets $150M private equity cash injection
Be First to Comment