Latest news with #NimaGhamsari
Yahoo
5 days ago
- Business
- Yahoo
PHH Mortgage Expands With Blend to Enhance Refinance and Home Equity Experiences for Borrowers
Partnership brings speed, personalization, and automation to home lending SAN FRANCISCO, June 16, 2025--(BUSINESS WIRE)--PHH Mortgage, one of the largest mortgage servicers in the U.S., and a subsidiary of Onity Group Inc. (NYSE: ONIT), is expanding its partnership with Blend Labs, Inc. (NYSE: BLND) to deliver faster, more seamless refinance and home equity experiences for borrowers. PHH Mortgage has expanded its use of Blend's technology platform, already powering its mortgage lending operations, to now include Rapid Refi and Rapid Home Equity. As part of its ongoing digital transformation, the move will help PHH meet rising borrower expectations and deepen relationships across the homeownership journey, from mortgage origination to refinancing and home equity lending. Both refinance and home equity are particularly important opportunities for loan servicers in today's market. "Many homeowners today are still paying elevated mortgage rates or sitting on untapped home equity," said Colin Friday, Senior Vice President of Consumer Lending at PHH Mortgage. "As interest rates shift, many of these borrowers are actively exploring ways to improve their financial position—whether refinancing to lower monthly payments or using equity for major expenses. Blend's Rapid Home Lending suite helps us meet them in those key moments with a fast, intuitive experience that reduces fallout and builds lasting loyalty." With Blend's digital banking platform at the core, the Rapid suite of solutions are designed for speed, personalization, and efficiency, helping PHH to streamline operations and stay ahead of the next wave of lending demand. Together, they unlock new capabilities that will enable PHH to: Increase automation and operational efficiency across loan teams through deep data connectivity that pre-fills borrower information and eliminates manual steps—turning a traditionally tedious process into a seamless digital experience. Improve ease of use for borrowers by surfacing personalized, pre-qualified offers at the start of the journey—so customers know exactly what options are available without having to dig. Strengthen customer retention and recapture by meeting borrower expectations for speed and simplicity, reducing fallout, and reinforcing PHH's role as a trusted financial partner in every stage of homeownership. "PHH Mortgage's adoption of Rapid Refi and Rapid Home Equity reflects the growing momentum among top-tier servicers who are prioritizing retention and digital transformation," said Nima Ghamsari, co-founder and CEO of Blend. "This moment in the industry marks a fundamental shift. Servicers are no longer just managing loans, they're investing in long-term customer relationships. And in today's market, speed matters more than ever. Borrowers are rate shopping in real time, and lenders have only minutes, not days, to engage them. The institutions that move fast and deliver seamless, personalized experiences will be the ones that win." About Blend Rapid Home Lending Blend's Rapid Home Lending suite is built to eliminate friction from the refinance and home equity process—delivering automated, pre-filled applications, real-time verifications, and instant disclosures. Early pilots have shown up to 1.5x higher pull-through rates and reduced time to close by over 50%. Learn more at About Blend Blend Labs Inc., (NYSE: BLND) is a leading digital origination platform for banks, credit unions, and mortgage lenders. From mortgages to consumer loans to deposit accounts, Blend helps financial institutions streamline workflows, launch faster, and deliver standout customer experiences. In 2024, Blend's platform powered $1.2 trillion in loan applications. Learn more at About Onity Group Onity Group Inc. (NYSE: ONIT) is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988. For additional information, please visit Forward-Looking Disclaimer This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "could," "would," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other comparable terminology that concern Blend's and Onity Group's expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend and Onity Group do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. View source version on Contacts Press Contact Chloé DemeunynckCorporate Communicationspress@ Dico AkseraylianSVP, Corporate Communicationsmediarelations@
Business Wire
5 days ago
- Business
- Business Wire
PHH Mortgage Expands With Blend to Enhance Refinance and Home Equity Experiences for Borrowers
SAN FRANCISCO--(BUSINESS WIRE)--PHH Mortgage, one of the largest mortgage servicers in the U.S., and a subsidiary of Onity Group Inc. (NYSE: ONIT), is expanding its partnership with Blend Labs, Inc. (NYSE: BLND) to deliver faster, more seamless refinance and home equity experiences for borrowers. PHH Mortgage has expanded its use of Blend's technology platform, already powering its mortgage lending operations, to now include Rapid Refi and Rapid Home Equity. As part of its ongoing digital transformation, the move will help PHH meet rising borrower expectations and deepen relationships across the homeownership journey, from mortgage origination to refinancing and home equity lending. Both refinance and home equity are particularly important opportunities for loan servicers in today's market. 'Many homeowners today are still paying elevated mortgage rates or sitting on untapped home equity,' said Colin Friday, Senior Vice President of Consumer Lending at PHH Mortgage. 'As interest rates shift, many of these borrowers are actively exploring ways to improve their financial position—whether refinancing to lower monthly payments or using equity for major expenses. Blend's Rapid Home Lending suite helps us meet them in those key moments with a fast, intuitive experience that reduces fallout and builds lasting loyalty.' With Blend's digital banking platform at the core, the Rapid suite of solutions are designed for speed, personalization, and efficiency, helping PHH to streamline operations and stay ahead of the next wave of lending demand. Together, they unlock new capabilities that will enable PHH to: Increase automation and operational efficiency across loan teams through deep data connectivity that pre-fills borrower information and eliminates manual steps—turning a traditionally tedious process into a seamless digital experience. Improve ease of use for borrowers by surfacing personalized, pre-qualified offers at the start of the journey—so customers know exactly what options are available without having to dig. Strengthen customer retention and recapture by meeting borrower expectations for speed and simplicity, reducing fallout, and reinforcing PHH's role as a trusted financial partner in every stage of homeownership. 'PHH Mortgage's adoption of Rapid Refi and Rapid Home Equity reflects the growing momentum among top-tier servicers who are prioritizing retention and digital transformation,' said Nima Ghamsari, co-founder and CEO of Blend. 'This moment in the industry marks a fundamental shift. Servicers are no longer just managing loans, they're investing in long-term customer relationships. And in today's market, speed matters more than ever. Borrowers are rate shopping in real time, and lenders have only minutes, not days, to engage them. The institutions that move fast and deliver seamless, personalized experiences will be the ones that win.' About Blend Rapid Home Lending Blend's Rapid Home Lending suite is built to eliminate friction from the refinance and home equity process—delivering automated, pre-filled applications, real-time verifications, and instant disclosures. Early pilots have shown up to 1.5x higher pull-through rates and reduced time to close by over 50%. Learn more at About Blend Blend Labs Inc., (NYSE: BLND) is a leading digital origination platform for banks, credit unions, and mortgage lenders. From mortgages to consumer loans to deposit accounts, Blend helps financial institutions streamline workflows, launch faster, and deliver standout customer experiences. In 2024, Blend's platform powered $1.2 trillion in loan applications. Learn more at About Onity Group Onity Group Inc. (NYSE: ONIT) is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988. For additional information, please visit Forward-Looking Disclaimer This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'expect,' 'plan,' 'anticipate,' 'could,' 'would,' 'intend,' 'target,' 'project,' 'contemplate,' 'believe,' 'estimate,' 'predict,' 'potential' or 'continue' or the negative of these terms or other comparable terminology that concern Blend's and Onity Group's expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend and Onity Group do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Yahoo
5 days ago
- Business
- Yahoo
Covius Services to Acquire Blend Labs' (BLND) Title365 Holding Co
Blend Labs, Inc. (NYSE:BLND) is one of the 10 Best Small-Cap Growth Stocks to Buy According to Analysts. On June 9, Blend Labs, Inc. (NYSE:BLND) announced signing a definitive agreement with Covius Services to sell its Title365 Holding Co. Title365 is a national title insurance and settlement services company licensed in 43 states. It serves top lenders, servicers, capital market participants, and home equity originators. After the acquisition, Title365 will continue partnering with Blend Labs, Inc. (NYSE:BLND) to provide title and closing services to Blend customers. Moreover, Kirby Hulbert, President of Title365 will join the Covius Settlement Services team. The transaction amount was not disclosed in the press release and is subject to certain required third-party consents and regulatory approvals. It is expected to close in the coming months. A close-up of a person's hand signing a mortgage document. This is an exciting next chapter for Blend, said Nima Ghamsari, CEO and Co-founder of Blend Labs, Inc. (NYSE:BLND). The CEO highlighted that partnering with leaders like Covius enables them to sharpen their focus on becoming a key player in the financial services industry. Blend Labs, Inc. (NYSE:BLND) is a financial digital origination platform that helps banks, credit unions, and mortgage lenders streamline and automate the process of originating loans and opening deposit accounts. While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Covius Services to Acquire Blend Labs' (BLND) Title365 Holding Co
Blend Labs, Inc. (NYSE:BLND) is one of the 10 Best Small-Cap Growth Stocks to Buy According to Analysts. On June 9, Blend Labs, Inc. (NYSE:BLND) announced signing a definitive agreement with Covius Services to sell its Title365 Holding Co. Title365 is a national title insurance and settlement services company licensed in 43 states. It serves top lenders, servicers, capital market participants, and home equity originators. After the acquisition, Title365 will continue partnering with Blend Labs, Inc. (NYSE:BLND) to provide title and closing services to Blend customers. Moreover, Kirby Hulbert, President of Title365 will join the Covius Settlement Services team. The transaction amount was not disclosed in the press release and is subject to certain required third-party consents and regulatory approvals. It is expected to close in the coming months. A close-up of a person's hand signing a mortgage document. This is an exciting next chapter for Blend, said Nima Ghamsari, CEO and Co-founder of Blend Labs, Inc. (NYSE:BLND). The CEO highlighted that partnering with leaders like Covius enables them to sharpen their focus on becoming a key player in the financial services industry. Blend Labs, Inc. (NYSE:BLND) is a financial digital origination platform that helps banks, credit unions, and mortgage lenders streamline and automate the process of originating loans and opening deposit accounts. While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Blend and Glia Partner to Transform Customer and Member Interactions for Bank and Credit Union Lending Teams
New integration enables lenders to guide borrowers within the application, improving engagement, completion rates, and loyalty SAN FRANCISCO, May 06, 2025--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking and consumer lending solutions, today announced a new integration with Glia, the leader in unified human and AI interactions. At the heart of this partnership is the ability to guide borrowers inside mortgage and other consumer loan applications wherever they are—using the channels they prefer. The integration embeds Glia's chat, voice, video and AI tools directly into Blend's Digital Banking platform, allowing lenders to answer questions, guide applicants through next steps and resolve issues in real time—all without leaving the loan application. This reduces friction for the borrower and creates a more engaging, supportive experience from start to finish. In addition, it leads to higher conversion rates, which translates to more closed loans and real revenue for lenders. "Borrowers shouldn't have to jump through hoops to get help—and loan teams shouldn't have to juggle disconnected systems to provide it," said Nima Ghamsari, Co-Founder and CEO of Blend. "With Glia built right into the Blend experience, lenders can step in at just the right moment, answer questions quickly and keep things moving. It's a simple way to make a big difference." This seamless, in-application support is powered by Glia's ChannelLess® Architecture, which unifies voice, digital service and AI into a single experience—eliminating data silos and preserving context across every interaction. Financial institutions can engage customers across devices, personalize support at scale and maximize both efficiency and satisfaction. For example, if a borrower encounters a question about required documentation, clicking the "Let's Talk!" icon instantly opens a chat window with a loan specialist, all without navigating away from their application. Landmark Credit Union, an early adopter of the Blend and Glia integration, sees strong potential in how this experience will transform lending support for their members. "Market expectations and adoption of digital experiences continue to accelerate. Providing fast, simple, and seamless digital experiences is now the minimum entry level for adoption and consideration," said Ryan Jandris, Senior Vice President of Digital Strategy at Landmark Credit Union. "However, this does not imply that the human relationship, especially for the more complex interactions, have to be abandoned. Bridging the physical, or human side of the relationship into digital experiences will be imperative going forward allowing digital-centric consumers to maintain their channel of preference, even when some journeys are more challenging. This is exactly what the integration of Glia into Blend accomplishes."
