The mortgage tech and title provider posted a $132.7M net loss in the third quarter of 2022, with revenue falling 38% from a year ago to $55.3M, according to an earnings call Thursday
'Strategic partnership' is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25% this year and racked up an accumulated $995M deficit
Qualia API users can automatically place and track title orders and access order, accounting and contact data to build custom notifications and performance dashboards
Atlanta-based direct mortgage lender Silverton Mortgage, a Snapdocs client, has added new branches in the Carolinas, Arkansas and Missouri over the past year
As cumulative losses climb toward $1B, co-founder Nima Ghamsari still plans to lead a 'once-in-a-lifetime industry transformation' powered by the mortgage tech and title insurance provider
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
Blend's net loss for the quarter — up 167% from a year ago — came despite a 124% year-over-year increase in revenue, to $71.5M, according to an earnings call on Thursday
The mortgage tech provider's newly acquired title insurance business has been particularly hard hit by the end of the refinancing boom
Shares in Blend touched a new all-time low after the company issued 2022 revenue guidance that co-founder and CEO Nima Ghamsari acknowledged as "much lower than consensus estimates"
This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy
The cloud banking software developer raises revenue guidance as it signs new clients, launches new products and integrates Title365 acquisition
Initial focus will be on document automation for mortgage applications, with potential to extend into other business areas
The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1M, up 46% from a year ago, according to an earnings call on Friday
Snapdocs has raised $150 million in a series D funding round. The platform now touches nearly 20 percent of U.S. real estate transactions