Blend [1] recently announced the launch of its One-tap Pre-approval for Mortgage. The new offering gives consumers instant access to verified buying power and the ability to easily generate a pre-approval letter, further streamlining the homebuying process.
“Over the last seven years, we’ve worked hand in hand with lenders and industry partners to build sophisticated financial technology that fully leverages consumer data and delivers a modern borrower experience,” said Nima Ghamsari, co-founder and CEO at Blend. “One-tap Pre-approval delivers the simplicity and transparency consumers expect and is a crucial first step toward helping consumers achieve financial wellness.”
U.S. Bank, a Blend partner, will be one of the first to offer One-tap Pre-approval to consumers this year, with a phased rollout to additional lenders beginning as soon as December 2019.
“At U.S. Bank, our goal is to simplify the homebuying process and enhance a customer’s experience throughout the homebuying journey,“ said Tom Wind, executive vice president, Consumer Lending, U.S. Bank. “The streamlined application process and transparent customer experience with one-tap moves us further in the right direction so that buying a home is the exciting experience it should be, not a dreaded one. Further, One-tap Pre-approvals will give our customers certainty at the beginning of the homebuying process. We are excited to be one of the first to offer it to our customers.”