Blend announced that Randolph-Brooks Federal Credit Union (RBFCU) has selected Blend's Mortgage Suite - including income verification and Blend Close - to streamline their mortgage origination process. RBFCU will also adopt Blend's Home Equity solution, providing their members access to a fully digital, end-to-end home equity product that significantly reduces loan application approval times. 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, according to a 2023 impact analysis conducted by MarketWise Advisors.

In addition, with Blend's Home Equity solution, RBFCU will now be able to offer an easier home equity origination experience. This enhanced application process has proven to usher consumers from intent to closing in the way they want; it will assist RBFCU members whether they desire to be in front of the credit union's world-class member service representatives or on the highly rated digital platforms at rbFCU Mobile app. Through Blend's partnership, RBFCU members will navigate through verification services and a closing experience that will help them save time and money.