Elena Nikulina

Autopilot model forecasts 498 dollar labor savings, Blend Labs claims

Autopilot model forecasts 498 dollar labor savings, Blend Labs claims
Blend Labs Autopilot reduces costs

Blend Labs released specific savings projections for lenders using its Autopilot system, estimating a reduction of 793 dollars per funded loan. According to the company, the breakdown includes 498 dollars saved in fulfillment labor, 276 dollars from higher pull-through efficiency, and 19 dollars in reduced carrying costs.

The figures are based on Blend Labs' own modeling of operating expenses and workflow automation for every locked file processed through Autopilot.

Blend Labs recently introduced Navigator, an AI tool for Autopilot customers, aimed at automating loan tasks and streamlining processing for loan officers. Earlier, the company rolled out Journey Home, a digital platform with Alliant Credit Union designed to simplify the home buying and mortgage process. These launches reflect ongoing efforts by Blend Labs to enhance workflow automation for lenders.

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