Blend is a digital lending platform based in San Francisco, California, founded in 2012 by Erin Collard, Eugene Marinelli, Nima Ghamsari, and Rosco Hill. The company provides a cloud-based software solution that simplifies the application process for mortgages, consumer loans, and deposit accounts. By optimizing the customer journey, Blend enables financial institutions to enhance their services from application to closing. Its platform is utilized by over 285 leading banks, including Wells Fargo and U.S. Bank, facilitating the processing of more than $4 billion in loans daily. The company's offerings include a suite of products that streamline the entire origination process and a Title segment designed to improve the title, settlement, and closing procedures for various mortgage-related products. Blend's focus is on helping lenders acquire more customers, increase productivity, and strengthen customer relationships.
Friday Harbor is a Seattle-based company founded in 2024 that specializes in underwriting intelligence for the mortgage origination process. Its platform is designed to streamline the creation of loan files by automating tasks such as document ingestion and assembly. By providing real-time guidance to loan officers, processors, and assistants, Friday Harbor enhances the accuracy and efficiency of loan processing. The platform also anticipates conditions that may arise during the underwriting process, allowing loan officers to address them promptly and reduce friction in the workflow. Through these innovations, Friday Harbor aims to improve the overall experience for both lenders and borrowers in the mortgage industry.
Bilt Rewards
Seed Round in 2021
Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. With an alliance of the U.S.' largest real estate owners, Bilt Rewards will enable renters in more than two million units across the country to earn points just by paying rent. Launched in June 2021, Bilt Rewards boasts one of the highest value rewards programs on the market today, including one-to-one point transfers for travel across over 100 major airlines and hotel partners; fitness classes at the country’s top boutique studios; limited-edition and exclusive collections of art and home decorations through the Bilt Collection, and the ability to use points for rent credits or towards a future down payment. Bilt has also partnered with Mastercard and Wells Fargo to create the Bilt Mastercard - the first and only credit card that can be used to pay rent with no fees. In October 2022, Bilt announced a valuation of $1.5 billion following a $150 million growth round to advance its loyalty program and credit card for renters.
Title365
Acquisition in 2021
Title365 is a Santa Ana, California-based company that specializes in title insurance and settlement services. The firm offers a range of solutions, including claims settlements, title and homeowners insurance, as well as mortgage brokerage and lending services. By leveraging modern technologies and an entrepreneurial approach, Title365 aims to provide a centralized and efficient alternative to traditional national title companies. The company's services are designed to help mortgage servicers and lenders enhance their operations and increase capacity without the need for additional resources, while also adapting to evolving market demands.
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