STOCK TITAN

Blend’s Erik Wrobel Receives 2024 HousingWire Tech Trendsetter Award

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Blend (NYSE: BLND) announced that Erik Wrobel, Head of Product, has been named a 2024 HW Tech Trendsetter by HousingWire. Under Wrobel's leadership, Blend has launched several innovative solutions including Blend Rapid Refi, a real-time home equity product, and new AI-powered features. An independent study in 2024 revealed that financial institutions using Blend's mortgage suite experienced a 53% increase in transaction speed, $650 savings per loan, and reduced loan cycles by over 9 days.

Blend (NYSE: BLND) ha annunciato che Erik Wrobel, Responsabile del Prodotto, è stato nominato Trendsetter Tecnologico 2024 da HousingWire. Sotto la guida di Wrobel, Blend ha lanciato diverse soluzioni innovative, tra cui Blend Rapid Refi, un prodotto per il capitale domestico in tempo reale, e nuove funzionalità potenziate dall'AI. Uno studio indipendente nel 2024 ha rivelato che le istituzioni finanziarie che utilizzano la suite ipotecaria di Blend hanno registrato un aumento del 53% nella velocità delle transazioni, risparmi di $650 per prestito, e una riduzione dei cicli di prestito di oltre 9 giorni.

Blend (NYSE: BLND) anunció que Erik Wrobel, Jefe de Producto, ha sido nombrado como Trendsetter Tecnológico 2024 por HousingWire. Bajo el liderazgo de Wrobel, Blend ha lanzado varias soluciones innovadoras, incluyendo Blend Rapid Refi, un producto de capital doméstico en tiempo real, y nuevas funciones impulsadas por AI. Un estudio independiente en 2024 reveló que las instituciones financieras que utilizan la suite hipotecaria de Blend experimentaron un aumento del 53% en la velocidad de transacción, ahorros de $650 por préstamo, y ciclos de préstamo reducidos en más de 9 días.

Blend (NYSE: BLND)는 제품 책임자인 Erik Wrobel이 HousingWire에서 2024년 기술 트렌드 세터로 선정되었다고 발표했습니다. Wrobel의 리더십 아래, Blend는 Blend Rapid Refi와 같은 여러 혁신적인 솔루션을 출시하였고, 이는 실시간 가정 자산 제품과 AI 기반의 새로운 기능을 포함합니다. 2024년의 독립적인 연구에 따르면, Blend의 모기지 제품군을 사용하는 금융 기관들은 거래 속도가 53% 증가, 대출당 $650의 절감, 대출 사이클이 9일 이상 단축된 것으로 나타났습니다.

Blend (NYSE: BLND) a annoncé qu'Erik Wrobel, Responsable Produit, a été nommé Trendsetter Technologique 2024 par HousingWire. Sous la direction de Wrobel, Blend a lancé plusieurs solutions innovantes, y compris Blend Rapid Refi, un produit d'équité domiciliaire en temps réel, et de nouvelles fonctionnalités alimentées par l'IA. Une étude indépendante en 2024 a révélé que les institutions financières utilisant la suite hypothécaire de Blend ont connu une augmentation de 53 % de la vitesse des transactions, des économies de 650 $ par prêt, et une réduction des cycles de prêt de plus de 9 jours.

Blend (NYSE: BLND) gab bekannt, dass Erik Wrobel, Kopf des Produkts, von HousingWire als 2024 HW Tech Trendsetter ausgezeichnet wurde. Unter Wrobels Leitung hat Blend mehrere innovative Lösungen entwickelt, darunter Blend Rapid Refi, ein Echtzeit-Produkt für Hauskapital und neue KI-gestützte Funktionen. Eine unabhängige Studie aus dem Jahr 2024 ergab, dass Finanzinstitute, die Blends Hypothekenpaket nutzen, eine 53%ige Steigerung der Transaktionsgeschwindigkeit, 650 $ Ersparnisse pro Darlehen und eine Reduzierung der Darlehenszyklen um mehr als 9 Tage erlebten.

Positive
  • Independent study shows 53% increase in transaction speed for clients
  • $650 cost savings per loan for financial institutions using Blend's mortgage suite
  • 9-day reduction in loan cycle time
Negative
  • None.

Award recognizes the most impactful and innovative technology leaders serving the housing economy

SAN FRANCISCO--(BUSINESS WIRE)-- Blend (NYSE: BLND), the leading origination platform for digital banking solutions, announced today that Erik Wrobel, Blend’s Head of Product, was recognized as a 2024 HW Tech Trendsetter by HousingWire. In its sixth year, the list identifies the most impactful and innovative technology leaders serving the housing economy.

Blend Head of Product Erik Wrobel (Photo: Business Wire)

Blend Head of Product Erik Wrobel (Photo: Business Wire)

“I’m honored to accept this award on behalf of Blend, as it truly reflects our dedication to bringing simplicity and transparency to financial services,” said Erik Wrobel, Blend’s Head of Product. “In a year marked by intense competition and affordability challenges, I’m proud of the strides we’ve made to strengthen our customers’ bottom lines while enhancing their borrower experience. Our customers trust us to continue innovating in ways that advance their goals, and they’re increasingly turning to Blend for the latest technologies needed to address their most urgent needs.”

Under Erik’s leadership, Blend has launched several groundbreaking experiences that have significantly accelerated and streamlined the home lending process by bringing advanced personalization, simplification, and rapid iteration into the product. Among the newer solutions Erik helped build include Blend Rapid Refi, a product focused on helping customers refinance in an automated, streamlined way; a real-time home equity product allowing borrowers to quickly tap into the equity in their homes; and adding other new features to the Blend platform that leverage recent advancements in AI.

“Modern experiences like our AI integrations and the ability to deliver a real time home equity experience have all been made possible by the flexible platform and diverse ecosystem of integrations that we’ve been hard at work building for the past four years,” shared Erik Wrobel. “This new evolution of the way we build our technology is resonating, and lenders are bringing more ideas for how to apply our solution to their own businesses in new and compelling ways.”

An independent study in 2024 further underscores Blend’s impact. Financial institutions using Blend’s mortgage suite reported an average 53% increase in transaction speed, $650 in savings per loan, and a reduction of over 9 days from the loan cycle. These metrics highlight Blend's effectiveness in driving efficiency and cost savings, contributing to a faster, more streamlined and responsive origination process.

Profiles of the 2024 HousingWire Tech Trendsetters honorees can be found here.

About Blend

Blend (NYSE: BLND) is the 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. Blend powers billions of dollars in financial transactions every day. 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.

Press Contact

Chloé Demeunynck

Corporate Communications

press@blend.com

Source: Blend

FAQ

What performance improvements did Blend (BLND) report in their 2024 independent study?

According to the 2024 independent study, financial institutions using Blend's mortgage suite reported a 53% increase in transaction speed, $650 savings per loan, and reduced loan cycles by over 9 days.

What new products did Blend (BLND) launch under Erik Wrobel's leadership?

Under Erik Wrobel's leadership, Blend launched Blend Rapid Refi for streamlined refinancing, a real-time home equity product, and new AI-powered features on their platform.

How much can financial institutions save per loan using Blend's (BLND) mortgage suite?

Financial institutions using Blend's mortgage suite can save $650 per loan according to a 2024 independent study.

Blend Labs, Inc.

NYSE:BLND

BLND Rankings

BLND Latest News

BLND Stock Data

917.82M
249.50M
4.15%
64.54%
5.8%
Software - Application
Services-computer Programming, Data Processing, Etc.
Link
United States of America
SAN FRANCISCO