Blend, a company that helps mortgage lenders with digitizing and automating their lending processes, is going through a tough market downturn. Elevated real estate prices and skyrocketing mortgage rates are negatively impacting mortgage originations (especially refinancing); and thus, the company’s revenue prospects.
Blend Q1 2022 Earnings Review: navigating mortgage lending collapse
Blend Q1 2022 Earnings Review: navigating…
Blend Q1 2022 Earnings Review: navigating mortgage lending collapse
Blend, a company that helps mortgage lenders with digitizing and automating their lending processes, is going through a tough market downturn. Elevated real estate prices and skyrocketing mortgage rates are negatively impacting mortgage originations (especially refinancing); and thus, the company’s revenue prospects.