Partnership to Boost Efficiency and Deliver a Frictionless Client Experience Across Digital and Retail Mortgage Channels
Leader Bank, a Massachusetts-based community bank with more than $4 billion in assets, announced an expanded partnership with Blend, a leading provider of digital banking solutions.
Blend will now serve as Leader Bank’s single origination platform across both digital and retail channels, unifying and integrating all data and systems into one cohesive solution.
This transition positions Blend as the cornerstone of Leader Bank’s home lending operations, supporting its national growth strategy and commitment to delivering seamless, personalized lending experiences.
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A Unified Origination Platform That Scales
This strategic partnership designates Blend as Leader Bank’s primary technology partner, empowering the bank to deliver seamless, highly-personalized lending experiences while scaling operations to meet increasing client demand.
“Simply put, we needed a technology partner that could scale with us,” said Sean Valiton, SVP, Head of Residential Lending at Leader Bank. “Blend’s unified platform allows us to consolidate our technology stack, enhance efficiency, and deliver the personalized lending service our clients value whether online or in person.”
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The Benefits of Blend’s Origination Platform
Blend’s innovative platform directly addresses challenges Leader Bank sought to tackle by streamlining processes, improving efficiency, and enhancing the client experience:
- Reducing Manual Work with Automated Follow-Ups Synced from LOS to Borrower Portal: Blend’s platform seamlessly integrates incoming client information and supporting documents with loan systems, automating follow-ups and syncing underwriting conditions directly from the Loan Origination System (LOS) to the client portal. This automation eliminates manual tasks, streamlines workflows, and reduces the potential for errors.
- Faster, Easier Client Experience for Co-Borrowers: By implementing Blend’s Asset Connectivity, Leader Bank provides a seamless, borrower-friendly solution for both primary and co-borrowers. Clients can connect financial accounts effortlessly, ensuring accurate and comprehensive data capture. Additionally, Blend offers direct integration with financial institutions, generating asset statements that meet Fannie Mae’s Day 1 Certainty and Freddie Mac’s AIM requirements. Borrowers can also pre-fill applications with verified income and employment data, such as Social Security, pensions, and military benefits, further reducing paperwork and accelerating approvals.
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- Simplifying Complex Loan Scenarios with Blend’s LO Toolkit: Leader Bank leverages Blend’s LO Toolkit to handle complex scenarios, including support for multiple co-borrowers, all within one user-friendly interface. Centralized tools for credit details, product and pricing, debt-to-income calculations, and pre-approval generation enable loan officers to focus on meeting borrower needs rather than navigating fragmented systems.
Source – PR Newswire
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