Blend, a leading provider of cloud banking services, announced that Nations Lending Corporation has selected Blend’s Mortgage Suite to streamline the mortgage origination process and build a consistent, cost-optimized lending platform.
“We had a point-of-sale solution before, but we were looking at building this holistic digital platform that is much more consistent from front to back”
“We had a point-of-sale solution before, but we were looking at building this holistic digital platform that is much more consistent from front to back,” said Andrew Moore, vice president of software engineering at Nations Lending. “If you’re asking a borrower to create three different accounts during the process, from lead to closing to funding, that’s incredibly painful.”
Latest Fintech News: KuCoin Survey Reveals 59 Percent of Crypto Users Eager for AI Advancements in Blockchain, Highlights Generational Trends
Nations Lending’s adoption of Blend’s mortgage products—currently Loan Officer Toolkit, disclosures, and homeowner’s insurance shopping experience, with income verification and Blend Close to come—has helped enable the lender to place four employees on the Scotsman Guide’s 2023 list of top mortgage originators. Nations Lending has also been recognized for helping to expand access to homeownership through incorporating positive rental history with Blend technology.
“We are gratified to see that Blend products have made an appreciable impact on results for Nations Lending’s loan officers,” said Gaurav Nagla, head of mortgage product at Blend. “Through our platform model we can continue to deliver innovative technology that does not rely on a lender’s internal capacity–freeing up resources to spend more time building a great customer experience.”
Latest Fintech News: Polymesh Joins NayaOne Network, Enabling Financial Services Industry to Harness the Power of Blockchain Technology
“A lot of the industry is approaching the current downturn as ‘let’s batten down the hatches and weather the storm,’ but at Nations we’re looking at this differently,” said Moore. “We’re focusing on making sure the money we spend is valuable and has a return, and we feel like we’re getting that with Blend.”
Latest Fintech News: Rapid Finance Announces Commercial Availability of Lynx Platform to Support Small Business Lending
[To share your insights with us, please write to firstname.lastname@example.org]