Blend Labs Announces Partnership With Onity Group's PHH Mortgage To Bring A New Level Of Efficiency And Simplicity To PHH's Home Lending Operations

Collaboration to enhance borrower experience, streamline lender workflows, and improve conversion rates

Blend Labs, Inc. (NYSE:BLND), a leading origination platform for digital banking solutions, today announced a partnership with PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE:ONIT) and one of the largest servicers in the country, to bring a new level of efficiency and simplicity to PHH's home lending operations.

By automating and eliminating many of the manual steps that delay approvals and timely closings, the implementation of Blend's Mortgage Suite is expected to enhance the borrowers' application experience, shorten loan cycle times, and free up loan officer capacity so they can focus more of their time on advising borrowers.