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Blend Labs has shared new insights from its platform, indicating that more mortgage applications are started on mobile devices while a larger proportion are ultimately completed on desktops.
The company noted that this trend in application funnel performance may challenge common assumptions among lenders about where drop-offs occur in the process.
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Blend Labs recently introduced a new AI agent for loan officers at MBAAnnual to expand its technology offerings for financial professionals, according to a previous announcement (link). The company has also launched Autopilot, enabling instant W-2 document reviews to streamline loan application processing (link). Both initiatives highlight Blend’s ongoing efforts to improve the mortgage experience through digital tools.