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San Francisco based consumer lending technology company Blend has raised $100m in Series D funding led by Greylock Partners. Blend builds technology used by multiple big banks to help collect and evaluate information in their mortgage underwriting processes.
By helping banks move their application process online, Blend is able to simplify the user experience and increase completed applications. Furthermore, its infrastructure is instrumental in helping underwriters at financial institutions to keep track of mortgages in process and keep them connected to their clients. As more banks compete for mortgage business online, Blend has been able to rapidly expand its customer base. In the last 18 months, the company has tripled the number of financial institutions that use its technology, and in 2017 alone Blend has seen more than $30 billion in mortgage applications.
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