Blend and Frost Bank Extend Partnership into Mortgage, Consumer Banking, and Deposits
October 13, 2021 at 10:43 am EDT
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Blend announced the expansion of its partnership with Frost Bank. Frost Bank first partnered with Blend on home equity loans and lines of credit, and will now carry the technology through to drive efficiency and simplify processes in its mortgage, consumer banking, and deposits business lines. This expanded partnership will create consistent and streamlined customer experiences across all consumer banking products and services, and allow customers to set up seamless auto-payment options with deposit account openings on a single platform. ??Frost Bank will now also be able to provide a mortgage solution to their customers in a modern, digital way, allowing the bank to keep pace with customers’ technological expectations. As a result, loan officers will experience improved efficiency with a single digital portal from which they can operate, allowing them to spend more time providing informed guidance to their customers based on their individual financial situation.
Blend Labs, Inc. provides a cloud-based software platform and a suite of products for financial providers to transform consumer banking experiences and streamline workflows for their teams. The Company operates through two segments: Blend Platform, and Title. The Blend Platform segment comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. The Blend Platform segment also includes a software platform, called Blend Builder Platform, which offers a set of low-code, drag-and-drop design tools, modular components, and integrations to allow its customers to create and deploy their own new product offerings. The Title segment comprises a suite of title products and services, such as instant title and other title search options, insurance solutions, closing and settlement services, including mobile signing and e-sign capabilities, and various post-closing solutions, such as disbursement and recording handling.