Blend Launches Rapid Home Lending Solutions to Transform Refinance and Home Equity Lending
Blend Labs (NYSE: BLND) has launched Rapid Home Lending, a new software suite designed to transform refinance and home equity lending. The solution aims to help lenders achieve up to 1.5x higher pull-through rates and reduce closing time by over 50%.
The platform addresses current market challenges where homeowners have an average of $315,000 in tappable equity, with 24% of mortgage holders paying interest rates of 5% or higher. The solution features seamless data connectivity, personalized offers, and automated workflows on a single integrated platform for both refinance and home equity products.
Early results show the traditional 30-45 day home equity process has been reduced to 5-10 days, with over 60% of borrowers utilizing in-workflow debt consolidation. The first refinance types available include conventional cash-out and FHA Streamline, with VA IRRRL and conventional rate/term refinances planned for release in H1 2025.
Blend Labs (NYSE: BLND) ha lanciato Rapid Home Lending, un nuovo pacchetto software progettato per trasformare il rifinanziamento e il prestito su equità domestica. La soluzione mira ad aiutare i prestatori a raggiungere fino a 1,5 volte tassi di approvazione più elevati e ridurre il tempo di chiusura di oltre il 50%.
La piattaforma affronta le sfide attuali del mercato, dove i proprietari di casa hanno in media $315.000 di equità utilizzabile, con il 24% dei mutuatari che paga tassi d'interesse del 5% o superiori. La soluzione offre connettività dati senza soluzione di continuità, offerte personalizzate e flussi di lavoro automatizzati su un'unica piattaforma integrata per prodotti di rifinanziamento e prestiti su equità domestica.
I primi risultati mostrano che il tradizionale processo di prestito su equità domestica di 30-45 giorni è stato ridotto a 5-10 giorni, con oltre il 60% dei mutuatari che utilizza la consolidazione del debito in-workflow. I primi tipi di rifinanziamento disponibili includono il cash-out convenzionale e l'FHA Streamline, con il VA IRRRL e i rifinanziamenti convenzionali a tasso/termine previsti per il rilascio nel primo semestre del 2025.
Blend Labs (NYSE: BLND) ha lanzado Rapid Home Lending, un nuevo conjunto de software diseñado para transformar el refinanciamiento y el préstamo sobre el capital de la vivienda. La solución tiene como objetivo ayudar a los prestamistas a lograr hasta 1.5 veces tasas de aprobación más altas y reducir el tiempo de cierre en más del 50%.
La plataforma aborda los desafíos actuales del mercado donde los propietarios de viviendas tienen un promedio de $315,000 en capital disponible, con el 24% de los titulares de hipotecas pagando tasas de interés del 5% o más. La solución cuenta con conectividad de datos sin interrupciones, ofertas personalizadas y flujos de trabajo automatizados en una única plataforma integrada para productos de refinanciamiento y préstamos sobre el capital de la vivienda.
Los primeros resultados muestran que el proceso tradicional de préstamo sobre el capital de la vivienda de 30-45 días se ha reducido a 5-10 días, con más del 60% de los prestatarios utilizando la consolidación de deudas en el flujo de trabajo. Los primeros tipos de refinanciamiento disponibles incluyen el cash-out convencional y el FHA Streamline, con el VA IRRRL y los refinanciamientos convencionales de tasa/término previstos para su lanzamiento en el primer semestre de 2025.
Blend Labs (NYSE: BLND)는 리파이낸스 및 주택 자산 대출을 혁신하기 위해 설계된 새로운 소프트웨어 제품군인 Rapid Home Lending를 출시했습니다. 이 솔루션은 대출 기관이 최대 1.5배 높은 승인율을 달성하고 종료 시간을 50% 이상 줄이는 데 도움을 주는 것을 목표로 합니다.
이 플랫폼은 주택 소유자가 평균 $315,000의 활용 가능한 자산을 보유하고 있으며, 24%의 모기지 소유자가 5% 이상의 이자율을 지불하는 현재 시장의 도전 과제를 해결합니다. 이 솔루션은 리파이낸스 및 주택 자산 제품을 위한 단일 통합 플랫폼에서 원활한 데이터 연결, 개인화된 제안 및 자동화된 워크플로를 제공합니다.
초기 결과에 따르면 전통적인 30-45일의 주택 자산 대출 과정이 5-10일로 단축되었으며, 60% 이상의 차용자가 워크플로에서 부채 통합을 활용하고 있습니다. 첫 번째 리파이낸스 유형으로는 일반 현금 인출 및 FHA 스트림라인이 포함되며, VA IRRRL 및 일반 금리/기간 리파이낸스는 2025년 상반기에 출시될 예정입니다.
Blend Labs (NYSE: BLND) a lancé Rapid Home Lending, une nouvelle suite logicielle conçue pour transformer le refinancement et le prêt sur valeur domiciliaire. La solution vise à aider les prêteurs à atteindre jusqu'à 1,5 fois des taux d'approbation plus élevés et à réduire le temps de clôture de plus de 50%.
La plateforme répond aux défis actuels du marché où les propriétaires ont en moyenne $315,000 de capital disponible, avec 24% des emprunteurs hypothécaires payant des taux d'intérêt de 5% ou plus. La solution propose une connectivité de données transparente, des offres personnalisées et des flux de travail automatisés sur une plateforme intégrée unique pour les produits de refinancement et de prêt sur valeur domiciliaire.
Les premiers résultats montrent que le processus traditionnel de prêt sur valeur domiciliaire de 30 à 45 jours a été réduit à 5-10 jours, avec plus de 60% des emprunteurs utilisant la consolidation de dettes dans le flux de travail. Les premiers types de refinancement disponibles incluent le cash-out conventionnel et l'FHA Streamline, avec le VA IRRRL et les refinancements conventionnels à taux/terme prévus pour le lancement au premier semestre 2025.
Blend Labs (NYSE: BLND) hat Rapid Home Lending eingeführt, eine neue Software-Suite, die darauf abzielt, die Refinanzierung und die Immobilienkreditvergabe zu transformieren. Die Lösung soll Kreditgebern helfen, bis zu 1,5-mal höhere Genehmigungsquoten zu erreichen und die Abschlusszeit um über 50% zu verkürzen.
Die Plattform adressiert die aktuellen Herausforderungen des Marktes, in dem Hausbesitzer im Durchschnitt $315.000 an verfügbarem Eigenkapital haben, wobei 24% der Hypothekenschuldner Zinsen von 5% oder mehr zahlen. Die Lösung bietet nahtlose Datenverbindungen, personalisierte Angebote und automatisierte Arbeitsabläufe auf einer einzigen integrierten Plattform für Refinanzierungs- und Immobilienkreditprodukte.
Frühe Ergebnisse zeigen, dass der traditionelle Prozess der Immobilienkreditvergabe von 30-45 Tagen auf 5-10 Tage verkürzt wurde, wobei über 60% der Kreditnehmer die Schuldenkonsolidierung im Workflow nutzen. Die ersten verfügbaren Refinanzierungsarten umfassen konventionelle Cash-Out- und FHA-Streamline-Optionen, während VA IRRRL und konventionelle Zins-/Laufzeitrefinanzierungen für das erste Halbjahr 2025 geplant sind.
- Up to 1.5x higher pull-through rates
- 50% reduction in closing time (from 30-45 days to 5-10 days)
- 60% borrower adoption of debt consolidation feature
- Launch of new revenue-generating product suite
- Key refinance products (VA IRRRL, conventional rate/term) not available until H1 2025
Insights
Blend's launch of Rapid Home Lending represents a strategic product expansion targeting the estimated
The product directly addresses critical inefficiencies in mortgage lending that impact lender profitability. By automating traditionally manual processes and leveraging existing customer data, Blend claims to deliver up to 1.5x higher pull-through rates and over 50% faster closing times. These improvements translate to meaningful economics for lenders: higher conversion on marketing spend, reduced operational costs per loan, and potentially increased loan volume without adding staff.
For Blend, this product launch could drive multiple revenue streams:
- Per-loan platform fees from increased transaction volume
- Potential premium pricing for the enhanced functionality
- Cross-selling opportunities within their broader banking platform
The solution positions Blend competitively against established players like ICE Mortgage Technology (formerly Ellie Mae) and Black Knight by offering an integrated approach to both refinance and home equity lending – products typically managed in separate systems. This integrated approach could help Blend capture market share as lenders seek technology that adapts to shifting consumer demand between product types.
After facing challenges since its 2021 IPO, including declining valuation and workforce reductions, this product represents a potential growth catalyst aligned with Blend's core competency in mortgage technology. The phased rollout strategy, with additional refinance products planned for H1 2025, suggests a methodical approach to product development and deployment that could help manage implementation costs while gradually expanding market reach.
Next-generation solutions empower lenders to achieve up to 1.5x higher pull-through rates and accelerate time-to-close by over
Designed for both refinance and home equity lending, Rapid Home Lending from Blend provides lenders with tools to increase retention and deliver significantly faster, more personalized borrower experiences. By eliminating friction through automated, connected workflows, lenders can engage borrowers early, offer tailored solutions upfront, and accelerate loan closings with greater efficiency.
“The lending landscape has fundamentally changed—market cycles move fast, and success depends on agility and digital solutions that adapt in real time,” said Srini Venkatramani, Head of Product, Technology and Customer Operations at Blend. “We’re redefining refinance and home equity by flipping the traditional application process on its head. Instead of making borrowers fill out lengthy forms, we push pre-qualified offers and pre-filled applications to them upfront—eliminating friction and delivering the seamless, personalized experience today’s borrowers expect.”
Unlocking Home Equity and Refinancing Opportunities in a Competitive Market
In today’s fast-moving housing market, millions of homeowners are locked into high-interest mortgages or sitting on substantial untapped home equity. With the average
Despite advancements in digital lending technology, many financial institutions struggle to retain borrowers when it comes to refinancing or home equity solutions. The traditional mortgage origination process remains slow, manual, and document-heavy, creating friction that impacts conversion rates, slows down closing timelines, and increases operational costs.
Challenges holding lenders back:
- Lengthy, complex workflows create friction at every step of the borrower journey.
- Failure to personalize interactions using available borrower data treats current customer borrowers like first-time applicants.
- Manual document collection and verification slow loan origination and hinder scalability during high-volume periods.
Home Lending, Reimagined for Today’s Market
Blend’s Rapid Home Lending Solutions empower lenders to boost conversions, accelerate closings, and enhance borrower engagement—all while adapting seamlessly to market conditions. By combining automation, data intelligence, and a modern borrower experience, Blend is transforming the way home loans are originated.
Lender benefits include:
- Seamless Data Connectivity Eliminates Friction – Deep data connectivity and automation enable lenders to seamlessly verify and pre-fill borrower information in the background, reducing manual input and delays.
- Personalized Offers Drive Higher Conversions – Intelligent data-driven approach surfaces tailored, pre-qualified products upfront, so borrowers see exactly what’s available to them––right at the start.
- One Platform for Refinance & Home Equity – Blend’s single, integrated platform seamlessly connects refinance and home equity journeys in one dynamic experience, empowering the borrower to choose the best product for their goals.
- Faster Closings with Automated Workflows – By automating qualification, disclosure handling, and capturing Intent-To-Proceed, borrowers can move quickly and effortlessly through the entire process, creating a truly rapid experience.
Proven Impact: Faster Closings, Higher Pull-Through, Better Borrower Engagement
Early results from initial Blend customers suggest significant pull-through lift, faster time to close, and enhanced utilization of the home equity lines, including:
- Up to 1.5x higher pull through rates – Real-time data validation and instant, personalized offers keep borrowers engaged from start to finish.
-
Over
50% Faster Time to Close – The traditional 30-45 day home equity process has been cut down to 5-10 days, enhancing operational efficiency and borrower satisfaction. -
Better Borrower Engagement – Over
60% of borrowers leveraged in-workflow debt consolidation, maximizing utilization of home equity lines.
For Blend’s Rapid Refi solution, the first refinance types—conventional cash-out and FHA Streamline—are generally available. Additional types, including VA IRRRL and conventional rate/term refinances, are slated for release in the first half of 2025.
To learn how Blend’s Rapid Home Lending Solutions can help you close loans faster, visit Blend.com/Rapid-Home-Lending.
About Blend
Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers— from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit blend.com.
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 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 does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
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Press Contact
Chloé Demeunynck
Corporate Communications
press@blend.com
Source: Blend
FAQ
What are the key benefits of Blend's (BLND) new Rapid Home Lending platform?
When will Blend (BLND) release VA IRRRL and conventional rate/term refinances?
What percentage of borrowers are utilizing Blend's (BLND) debt consolidation feature?
How much tappable equity does the average U.S. homeowner have according to Blend's (BLND) data?
Which refinance types are currently available on Blend's (BLND) Rapid Home Lending platform?
