BLND - 3 Reasons Why Blend Labs Will Be a Long-Term Winner
Dealing with a bank is often a tedious experience -- something anyone who has ever bought a house knows firsthand. A lot of paperwork, phone calls, emails, and people are involved in you finally getting the keys to your new place. It's also a very dated process, which is what Blend Labs (NYSE: BLND) is trying to fix.
The company's cloud-based software helps banks bring their old-fashioned infrastructure into the digital age and improve the customer experience. It's starting with mortgages, but it's not stopping there. Here are three reasons why Blend should be on your radar.
Blend's client pool includes many high-profile mortgage lenders, including Wells Fargo , U.S. Bank, and Opendoor . Overall, 31 of the top 100 financial services firms in the U.S. are Blend customers. These large lenders have massive resources that they could invest in developing in-house solutions to improve their mortgage businesses, yet they've picked Blend's platform instead -- a strong indication about the quality of its software.
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3 Reasons Why Blend Labs Will Be a Long-Term Winner