BLND - PNC Bank partners with Blend Labs to digitally optimize mortgage application process

• PNC Bank, a member of PNC Financial Services ( NYSE: PNC ) has teamed up with lending platform Blend Labs ( NYSE: BLND ) on Tuesday to improve its customers' experience by digitally optimizing its online mortgage application process .
• Through the partnership, PNC customers can now digitally apply for a mortgage and directly integrate payroll or bank information with their application, allowing them to locate necessary documents faster than a traditional process.
• When an application is submitted, customers have a single portal for tracking its status, completing outstanding tasks, and reviewing and electronically signing loan documentation, the bank said.
• The move comes as "we've seen first-hand the growing customer demand for simplified, digital-first interactions" over the past several years, said Peter McCarthy, PNC executive vice president and head of Mortgage.
• Earlier this week, (Sep. 26) PNC Financial acquires restaurant POS system Linga .

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