Blend Labs, Inc. announced that its mortgage suite was chosen to streamline the mortgage origination process for Nations Lending Corporation. One of the fastest-growing mortgage lenders in the U.S., Nations Lending has achieved triple-digit revenue growth over the past three years and is now licensed to lend in all 50 states. The announcement comes as Blend continues to capture a growing share of the mortgage origination market.

Its suite of mortgage software processed more than 23% of total originations in the second half of 2022, which is a 60% increase over the 14.5% of originations processed in the second half of 2021. The May announcement from Blend is a signal that the company could be well-positioned to benefit from the increasing digitalization of the mortgage origination market. Its mortgage suite includes tools that automate and improve just about every step of the process from initial application to close.

Things like pre-qualification, pre-approval letters and document preparation can be done in seconds rather than days with the help of automation and improved workflows. It also enables innovative and improved customer service.