: While initially focused on mortgages, the service is now a core part of Blend’s Cloud Banking Platform , extending to home equity, deposits, and personal loans. Benefits for Lenders and Borrowers
: Beyond traditional W-2 employees, the service uses AI to verify income for the roughly 57 million U.S. gig workers by analyzing bank deposit history and direct connections to gig platforms like Uber or Instacart. Accelerated Timelines : 55% of reports are completed in under 24 hours. 87% of reports are finalized within 72 hours. Blend rolls out income verification service for...
Blend Expands Income Verification Service for Modern Lenders : While initially focused on mortgages, the service
: The platform pre-populates loan applications with verified payroll, tax, and asset data pulled directly from source providers. Accelerated Timelines : 55% of reports are completed
: The tool is an authorized report supplier for both Fannie Mae’s Desktop Underwriter (DU) and Freddie Mac’s Asset and Income Modeler (AIM) .