As Losses Mount, Blend Looks Beyond Mortgage for Future Growth | Inman

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Get your ticket now for the best price. Losses continued to mount at lending software and title insurance provider Blend Labs Inc.

during the final three months of 2022 as rising interest rates took a toll on the business of the mortgage lenders that are Blend’s core customers. But Blend executives say they’ve got plenty of cash to weather the storm and are positioning the company for future growth after trimming the company’s payroll by nearly 800 employees and cutting annual expenses by $72 million.

Blend reported […].

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