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News & Press: Industry News

California Company Develops App for Home Equity Lending

Tuesday, February 19, 2019  
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Silicon Valley based company Blend plans to move into the home equity market with a new app designed to drastically speed up the lending process. The company expects home equity lending to expand as consumers take advantage of rising home prices and substantial home equity.

The move represents Blend’s first expansion beyond software to digitize mortgages into apps designed to streamline the process for other types of loan products. The company said tests of its HELOC application revealed a 50% reduction in turnaround time, shaving off as much as 19 days. Blend recently announced that former Fannie Mae CEO Tim Mayopoulos joined the company as its president.

California Land Title Association


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