The mortgage technology company is expanding into home insurance, which is often required to be in place when a new home sale is effected. To support the new offering, Blend is opening up an office in LA that will be staffed with insurance professionals able to help borrowers find a product that fits their needs.
Blend demoed its data-driven mortgage at FinovateSpring 2016. Earlier this year, Blend teamed up with Ellie Mae to leverage Ellie Mae’s electronic disclosure delivery. And in June, the company introduced Blend Vision, an advanced OCR solution with built-in quality control. Blend’s most recent round of funding brought its total capital to more than $160 million. Nima Ghamsari is CEO and co-founder.