Blend Labs, Doma Technology Partner to Integrate AI for Faster, Cheaper Home Lending

Blend Labs Inc. (NYSE:BLND) is one of the most promising penny stocks under $5. Earlier on July 16, Blend Labs and Doma Technology announced an expanded partnership to integrate Doma’s AI-powered instant title decisioning into Blend’s home lending platform. This collaboration brings Doma’s Upfront Title solution into Blend’s flagship Mortgage & Rapid Home Lending solutions and is designed to help lenders close loans faster and save borrowers a significant amount of money on title costs.

By embedding Upfront Title into the borrower application flow, the partnership creates a fully digital, end-to-end title and closing process. This allows lenders to obtain instant title decisions early in the process. The Upfront Title configuration also enables lenders to apply title insurance rates that can save borrowers between 40% and 70% compared to traditional rates.

This expansion aligns with Blend’s strategic shift towards providing software-driven title solutions through partnerships rather than operating those services directly. This move follows Blend’s recent definitive agreement to sell its title insurance business.

Blend Labs Inc. (NYSE:BLND) provides a cloud-based software platform for financial services firms in the US. It operates in 2 segments: Blend Platform and Title.

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Disclosure: None. This article is originally published at Insider Monkey.