Technology partnership to enhance customer
experience and boost loan officer productivity
Horizon Bank, an $8 billion financial institution and division
of Horizon Bancorp, Inc. (NASDAQ GS: HBNC), one of the largest
independent bank holding companies in the Midwest, today announced
a new partnership with Blend (NYSE: BLND), a leading provider of
digital banking solutions, to digitally enhance their end-to-end
mortgage lending process.
“Our goal was to find a technology partner that could enable us
to deliver a fast, efficient, and convenient home buying
application experience for our customers,” said David Pendley,
President Retail Mortgage Banking at Horizon Bank. “Blend's
advanced automation and loan officer mobile capabilities made the
decision to upgrade a no-brainer.”
A Modern Mortgage Application
Experience
Blend’s Mortgage Suite offers a comprehensive solution that
integrates seamlessly with Horizon Bank’s existing
infrastructure.
By automating manual workflows and reducing the number of steps
borrowers must take to complete their application, Blend’s digital
mortgage solution creates a smoother, and more efficient lending
experience that enhances the borrower experience, reduces
origination costs, and drives operational efficiency.
Supercharging Loan Officer
Productivity
Blend's LO productivity tools will increase the ease and speed
at which Horizon’s Loan Officers can serve their customers in this
competitive environment.
Using Blend’s platform, Loan Officers can seamlessly perform
tasks that include starting applications, pulling credit,
structuring loans, granting pre-approvals, and locking in rates.
These capabilities are accessible both on desktop via Blend’s LO
Mobile App, allowing Horizon Bank’s Loan Officers to manage
applications or engage with new leads while on-the-go.
A Leader in Mortgage Origination
Technology
Blend has over 12 years of experience building leading mortgage
and consumer lending solutions for hundreds of financial
institutions, including 35 of the nation’s top 100 banks by AUM and
13 of the nation’s top 30 mortgage originators by lending volumes.
Over 20% of the nation’s total mortgage origination volume share is
being processed through Blend’s platform.
“We at Blend are committed to empowering financial institutions
with the most digitally advanced tools they need to excel in
today’s competitive market," said Nima Ghamsari, Co-Founder and
Head of Blend. "We look forward to collaborating with the Horizon
Bank team to make the goal of homeownership as simple, fast, and
streamlined as possible for their customers.”
Based on an independent 2023 impact analysis conducted with
Blend’s mortgage customers, Blend’s Mortgage Suite eliminates an
average of 8 days from the overall loan cycle time, from processing
to closing, resulting in $914 in average cost savings per loan.
To learn more about Blend’s Mortgage Suite, visit
blend.com/products/mortgage-suite.
About Blend
Blend (NYSE: BLND) is the infrastructure powering the future of
banking. Financial providers— from large banks, fintechs, and
credit unions to community and independent mortgage banks—use
Blend’s platform to transform banking experiences for their
customers. Blend powers billions of dollars in financial
transactions every day. To learn more, visit blend.com.
About Horizon Bancorp, Inc.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the nearly 8
billion–asset bank holding company for Horizon Bank, which serves
customers across attractive Midwestern markets through convenient
digital tools, as well as its Indiana and Michigan branches.
Horizon's retail offerings include prime residential, indirect
auto, and other secured consumer lending, as well as a range of
personal banking and wealth management solutions. Horizon also
provides a comprehensive array of in–market business banking and
treasury management services, as well as equipment financing
solutions for customers regionally and nationally, with commercial
lending representing over half of total loans. More information on
Horizon, headquartered in Northwest Indiana's Michigan City, is
available at horizonbank.com.
Forward-Looking Disclaimer
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements generally relate to future events, future
performance or expectations and involve substantial risks and
uncertainties. Forward-looking statements in this press release may
include, but are not limited to, our expectations regarding our
product roadmap, future products/features, the timing of new
product/feature introductions, market size and growth
opportunities, macroeconomics and industry conditions, capital
expenditures, plans for future operations, competitive position,
technological capabilities and strategic relationships, as well as
assumptions relating to the foregoing. The forward-looking
statements contained in this press release are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from the outcomes predicted. In some cases, you can identify
forward-looking statements by terminology such as “may,” “will,”
“should,” “expect,” “plan,” “anticipate,” “could,” “would,”
“intend,” “target,” “project,” “contemplate,” “believe,”
“estimate,” “predict,” “potential” or “continue” or the negative of
these terms or other comparable terminology that concern Blend’s
expectations, strategy, plans or intentions. You should not put
undue reliance on any forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results and will not necessarily be accurate indications of the
times at, or by which such performance or results will be achieved,
if at all. Further information on these risks and uncertainties are
set forth in our filings with the Securities and Exchange
Commission. All forward-looking statements in this press release
are based on information available to Blend and assumptions and
beliefs as of the date hereof. New risks and uncertainties emerge
from time to time, and it is not possible for us to predict all
risks and uncertainties that could have an impact on the
forward-looking statements contained in this press release. Except
as required by law, Blend does not undertake any obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240725162746/en/
Chloé Demeunynck Corporate Communications press@blend.com
Grafico Azioni Blend Labs (NYSE:BLND)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Blend Labs (NYSE:BLND)
Storico
Da Feb 2024 a Feb 2025
