FNB Mortgage live and actively originating on
Blend’s platform in under 6 weeks
FNB Mortgage, the mortgage division of The First National Bank
of Fort Smith, as well as its other bank divisions First National
Bank of NWA, National Bank of Sallisaw, and Central National Bank
of Poteau, today announced a partnership with Blend, a leading
platform for digital banking solutions, to further streamline their
mortgage and HELOC application experiences.
“Our partnership with Blend furthers our efforts to make the
home buying process as easy and efficient as possible for our
members,” said Ross Mallioux, Director of Mortgage Lending for FNB.
“And in today’s competitive market, the ability to control the cost
of originating a loan by automating core parts of the application
process is critical. Blend’s technology, particularly their instant
verifications across assets, income, and employment is critical in
making home buying smoother, faster, and less costly so we can
provide our customer the best possible pricing.”
Blend's platform allows FNB Mortgage’s customers to easily
upload documents online, review and sign their disclosures
electronically, and receive automatic reminders for any missing
information during the mortgage application process.
Six-Week Implementation
Since signing the new partnership in early June 2024, Blend has
been able to quickly onboard FNB Mortgage to the platform, enabling
them to actively originate in under six weeks.
"Our customers want to execute quickly and with high quality,
and Blend can help them deliver that,” said Nima Ghamsari,
Co-Founder and Head of Blend. "We’re proud to partner with leading
institutions like FNB Mortgage who are busy preparing for the next
rebound by building out their technology suite with Blend as the
core solution.”
About Blend’s Mortgage Suite
Blend has over 12 years of experience building leading mortgage
and consumer lending solutions for hundreds of financial
institutions nationally. Based on an independent 2023 impact
analysis conducted with Blend customers, Blend’s Mortgage Suite
eliminates an average of 8 days from the overall loan cycle time,
from processing to closing, resulting in $914 in average cost
savings per loan.
About Blend
Blend (NYSE: BLND) is the infrastructure powering the future of
banking. Financial providers— from large banks, fintechs, and
credit unions to community and independent mortgage banks—use
Blend’s platform to transform banking experiences for their
customers. Blend powers billions of dollars in financial
transactions every day. To learn more, visit blend.com.
About First National Bank of Fort Smith
FNB Mortgage is the mortgage lending division of The First
National Bank of Fort Smith, and serves other bank divisions -
First National Bank of NWA in Northwest Arkansas, National Bank of
Sallisaw, Oklahoma, and Central National Bank of Poteau, Oklahoma.
Their mission is to be the leading financial service provider in
Western Arkansas, Northwest Arkansas, and Eastern Oklahoma by
providing exceptional customer service, and offering financial
products and expertise that will meet the needs of their customers.
First National Bank of Fort Smith which was established in 1872,
Member FDIC and Equal Housing Lender.
For more information on FNB Mortgage, and The First National
Bank of Fort Smith, or their current mortgage offerings, visit:
https://fnbnwa.com/home-loans/.
Forward-Looking Disclaimer
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements generally relate to future events, future
performance or expectations and involve substantial risks and
uncertainties. Forward-looking statements in this press release may
include, but are not limited to, our expectations regarding our
product roadmap, future products/features, the timing of new
product/feature introductions, market size and growth
opportunities, macroeconomics and industry conditions, capital
expenditures, plans for future operations, competitive position,
technological capabilities and strategic relationships, as well as
assumptions relating to the foregoing. The forward-looking
statements contained in this press release are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from the outcomes predicted. In some cases, you can identify
forward-looking statements by terminology such as “may,” “will,”
“should,” “expect,” “plan,” “anticipate,” “could,” “would,”
“intend,” “target,” “project,” “contemplate,” “believe,”
“estimate,” “predict,” “potential” or “continue” or the negative of
these terms or other comparable terminology that concern Blend’s
expectations, strategy, plans or intentions. You should not put
undue reliance on any forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results and will not necessarily be accurate indications of the
times at, or by which such performance or results will be achieved,
if at all. Further information on these risks and uncertainties are
set forth in our filings with the Securities and Exchange
Commission. All forward-looking statements in this press release
are based on information available to Blend and assumptions and
beliefs as of the date hereof. New risks and uncertainties emerge
from time to time, and it is not possible for us to predict all
risks and uncertainties that could have an impact on the
forward-looking statements contained in this press release. Except
as required by law, Blend does not undertake any obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240806958451/en/
Chloé Demeunynck press@blend.com
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