Blend Labs, Onity Group Unit Partner to Streamline Mortgage Process

MT Newswires Live

2024-12-13

Blend Labs (BLND) late Thursday disclosed a new partnership with PHH Mortgage to add efficiency and simplicity to PHH's home lending operations.

Financial terms of the new partnership were not disclosed but Blend said the Onity Group (ONIT) subsidiary plans to use its Mortgage Suite to streamline its document collection and enhance file quality.

PHH Mortgage is expected to utilize Blend Close to assist with the closing process on loans, Blend added.

Shares of Blend Labs were up 2.4% in after-hours activity.

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