STOCK TITAN

Palmetto Citizens FCU Selects Blend to Power Mortgage and Home Equity Solutions

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

Blend, a digital banking solutions provider, has partnered with Palmetto Citizens Federal Credit Union to enhance their mortgage and home equity experiences. Palmetto Citizens, with over $1.3 billion in assets, chose Blend for its intuitive mortgage solutions that improve member experience and boost loan officer productivity. The partnership aims to streamline the loan process through digital document delivery and signing, enabling faster funding and reducing errors.

Carol Addy, Chief Revenue Officer at Palmetto Citizens, emphasized their commitment to helping members achieve financial goals while providing a streamlined experience. Blend's technology will automate manual workflows and reduce steps in the application process. Additionally, Blend's loan officer tools will increase efficiency in serving borrowers, with capabilities accessible on both desktop and mobile platforms.

Blend, un fornitore di soluzioni bancarie digitali, ha stretto una partnership con Palmetto Citizens Federal Credit Union per migliorare le esperienze di mutuo e di prestito ipotecario. Palmetto Citizens, con oltre 1,3 miliardi di dollari in asset, ha scelto Blend per le sue soluzioni ipotecarie intuitive che migliorano l'esperienza dei membri e aumentano la produttività degli agenti di prestito. L'obiettivo della partnership è semplificare il processo di prestito attraverso la consegna e la firma digitale dei documenti, consentendo un finanziamento più rapido e riducendo gli errori.

Carol Addy, Chief Revenue Officer di Palmetto Citizens, ha sottolineato il loro impegno nell'aiutare i membri a raggiungere i propri obiettivi finanziari offrendo un'esperienza semplificata. La tecnologia di Blend automatizzerà i flussi di lavoro manuali e ridurrà i passaggi nel processo di applicazione. Inoltre, gli strumenti per gli agenti di prestito di Blend aumenteranno l'efficienza nel servire i mutuatari, con funzionalità accessibili sia su desktop che su piattaforme mobili.

Blend, un proveedor de soluciones bancarias digitales, ha hecho equipo con Palmetto Citizens Federal Credit Union para mejorar sus experiencias de hipoteca y capital de la vivienda. Palmetto Citizens, con más de 1.3 mil millones de dólares en activos, eligió a Blend por sus soluciones hipotecarias intuitivas que mejoran la experiencia de los miembros y aumentan la productividad de los oficiales de préstamos. La asociación tiene como objetivo agilizar el proceso de préstamo a través de la entrega y firma digital de documentos, lo que permite un financiamiento más rápido y reduce errores.

Carol Addy, directora de ingresos de Palmetto Citizens, enfatizó su compromiso de ayudar a los miembros a alcanzar sus objetivos financieros mientras proporciona una experiencia simplificada. La tecnología de Blend automatizará flujos de trabajo manuales y reducirá pasos en el proceso de solicitud. Además, las herramientas para oficiales de préstamos de Blend incrementarán la eficiencia en el servicio a los prestatarios, con capacidades accesibles tanto en plataformas de escritorio como móviles.

Blend는 디지털 뱅킹 솔루션 제공업체로서 Palmetto Citizens Federal Credit Union과 협력하여 모기지 및 주택 자산 경험을 향상시킵니다. 13억 달러 이상의 자산을 보유한 Palmetto Citizens는 회원 경험을 개선하고 대출 담당자의 생산성을 높이는 직관적인 모기지 솔루션을 위해 Blend를 선택했습니다. 파트너십의 목표는 대출 프로세스를 간소화하여 디지털 문서 전달 및 서명을 통해 보다 빠른 자금 지원을 가능하게 하고 오류를 줄이는 것입니다.

Palmetto Citizens의 수익 최고책임자(Carol Addy)는 회원들이 재정 목표를 달성하는 데 도움을 주며 간소화된 경험을 제공하겠다는 약속을 강조했습니다. Blend의 기술은 수동 워크플로우를 자동화하고 신청 프로세스의 단계를 줄일 것입니다. 또한 Blend의 대출 담당자 도구는 데스크탑 및 모바일 플랫폼에서 접근 가능한 기능으로 차입자에게 서비스를 제공하는 효율성을 높일 것입니다.

Blend, un fournisseur de solutions bancaires numériques, s'est associé à Palmetto Citizens Federal Credit Union pour améliorer leurs expériences de prêt hypothécaire et de capital immobilier. Palmetto Citizens, avec plus de 1,3 milliard de dollars d'actifs, a choisi Blend pour ses solutions hypothécaires intuitives qui améliorent l'expérience des membres et augmentent la productivité des responsables de prêt. Le partenariat vise à simplifier le processus de prêt grâce à la livraison et à la signature de documents numériques, permettant un financement plus rapide et réduisant les erreurs.

Carol Addy, directrice des revenus de Palmetto Citizens, a souligné leur engagement à aider les membres à atteindre leurs objectifs financiers tout en offrant une expérience simplifiée. La technologie de Blend automatisera les flux de travail manuels et réduira les étapes du processus de demande. De plus, les outils pour les responsables de prêts de Blend augmenteront l'efficacité dans le service aux emprunteurs, avec des capacités accessibles sur des plateformes de bureau et mobiles.

Blend, ein Anbieter von digitalen Banklösungen, hat eine Partnerschaft mit der Palmetto Citizens Federal Credit Union geschlossen, um die Hypotheken- und Eigenkapitalerfahrungen zu verbessern. Palmetto Citizens, mit über 1,3 Milliarden Dollar an Vermögenswerten, wählte Blend für seine intuitiven Hypothekenlösungen, die das Mitgliedererlebnis verbessern und die Produktivität der Kreditgeber steigern. Ziel der Partnerschaft ist es, den Darlehensprozess zu optimieren durch digitale Dokumentenübermittlung und -unterzeichnung, was eine schnellere Finanzierung ermöglicht und Fehler reduziert.

Carol Addy, Chief Revenue Officer bei Palmetto Citizens, betonte ihr Engagement, den Mitgliedern zu helfen, finanzielle Ziele zu erreichen und gleichzeitig eine vereinfachte Erfahrung zu bieten. Die Technologie von Blend wird manuelle Arbeitsabläufe automatisieren und Schritte im Antragsprozess reduzieren. Darüber hinaus werden die Werkzeuge für Kreditsachbearbeiter von Blend die Effizienz bei der Bedienung von Darlehensnehmern steigern, mit Funktionen, die sowohl auf Desktop- als auch auf Mobilgeräten zugänglich sind.

Positive
  • Partnership with a large credit union (Palmetto Citizens FCU) with over $1.3 billion in assets
  • Potential for increased efficiency and productivity for loan officers
  • Expansion of Blend's market presence in the credit union sector
  • Opportunity to serve Palmetto Citizens' 80,000 members
Negative
  • None.

Partnership to help credit union members save time and money

SAN FRANCISCO--(BUSINESS WIRE)-- Blend, a leading provider of digital banking solutions, today announced a new partnership with Palmetto Citizens, one of South Carolina's largest credit unions with assets of over $1.3 billion, to streamline their mortgage and home equity experiences.

Palmetto Citizens chose Blend for their ability to deliver simple, intuitive mortgage solutions that improve member experience and supercharge loan officer productivity. With Blend’s technology, all documents can be delivered and signed digitally, enabling instant receipt by third parties, faster funding, and reducing the likelihood of errors.

“We’re thrilled to partner with Blend to enhance our mortgage and home equity offerings,” said Carol Addy, Chief Revenue Officer at Palmetto Citizens. “Helping our members achieve their financial goals while providing a streamlined experience has always been our priority. By automating manual workflows and reducing the number of steps borrowers must take to complete their application, we’re creating a better, and more efficient, process that reflects the digital age we’re in today.”

In addition, Blend's rich loan officer tools will enable Palmetto Citizens to increase the ease and speed at which they can serve borrowers.

Loan officers can perform tasks that include everything from starting applications, pulling credit, structuring loans, granting pre-approvals, and locking in rates, all within the Blend platform. These capabilities are accessible both on desktop and on the go with Blend’s LO Mobile App, which provides loan officers with complete end-to-end capabilities to engage with new leads or manage existing pipeline while in the field.

“Palmetto Citizens’ commitment to adapting to the needs of their members and providing an enhanced, digital-first experience aligns with Blend’s mission,” said Nima Ghamsari, Head of Blend. “We’re excited to partner with Palmetto Citizens and help make the entire homeownership journey easier and more accessible to their 80,000 members.”

To learn more about the Blend’s Mortgage Suite solution, visit blend.com/products/mortgage-suite.

About Blend

Blend (NYSE: BLND) is the infrastructure powering the future of banking. 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.

About Palmetto Citizens Federal Credit Union

Palmetto Citizens, a community credit union headquartered in Columbia, South Carolina, has been serving their member-owners since 1936. Today, with over $1.3 Billion in assets and 310 employees, Palmetto Citizens serves over 100,000 consumers and operates from 14 branches with over 45 ATMs. Offering a full range of financial products and services, their focus remains on providing quality and effective service while helping members live their best financial lives. For more information, visit www.palmettocitizens.org.

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.

Chloé Demeunynck

press@blend.com

Source: Blend

FAQ

What is the purpose of Blend's partnership with Palmetto Citizens FCU?

The partnership aims to streamline mortgage and home equity experiences for Palmetto Citizens FCU members, improving efficiency and reducing errors in the loan process using Blend's digital banking solutions.

How will Blend's technology benefit Palmetto Citizens FCU members?

Blend's technology will enable digital document delivery and signing, faster funding, and a reduction in errors. It will also automate manual workflows and reduce the number of steps borrowers need to take to complete their application.

What features does Blend offer to loan officers at Palmetto Citizens FCU?

Blend provides loan officers with tools to start applications, pull credit, structure loans, grant pre-approvals, and lock in rates, all within the Blend platform. These features are accessible on both desktop and mobile devices.

How many members does Palmetto Citizens FCU have that could potentially benefit from Blend's solutions?

Palmetto Citizens FCU has 80,000 members who could potentially benefit from the enhanced digital mortgage and home equity solutions provided by Blend.

Blend Labs, Inc.

NYSE:BLND

BLND Rankings

BLND Latest News

BLND Stock Data

1.01B
249.50M
9.57%
62.82%
5.77%
Software - Application
Services-computer Programming, Data Processing, Etc.
Link
United States of America
SAN FRANCISCO