Nowadays, the vast majority of housing deals are done online. This is possible because of companies like Blend, a digital banking platform out to simplify the mortgage process.
Blend is used by major banks and financial institutions to offer mortgages and consumer loans. It has proved popular thus far, although its success continues to be tied to interest rates and the housing market, which means a few bumps in the road are inevitable.
That being said, in 2023 the company set out a "path to profitability" that took this into account. From reports on revenue and growth, it seems Blend is holding steady to this plan, which suggests a strong future for the company.
Freddie
Company Specialist at Welcome to the Jungle