Blend Release Notes - 2022/07/08

For this release, we anticipate the following introductions in your environments. Each entry below is linked to their specific update containing more information. Major features are documented in the Blend Knowledge Base accessible at help.blend.com

If that resource does not answer your question, please reach out to Blend Support support@blend.com 

Announcements

Support for Freddie Mac’s on-time rent payment history enhancement in Loan Product Advisor® (LPA)

Freddie Mac announced that the Loan Product Advisor® (LPA) service will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan purchase decisions. Blend will be able to support this new enhancement when Freddie Mac officially includes this functionality in LPA starting July 10th. 

Once enabled, Blend will provide 12 months of asset data to Freddie Mac for accounts linked by borrowers in the application. The LPA service will then automatically review the data and pass feedback to the lender in the LPA results file. No additional work is required from borrowers or loan team members in order to submit this data to LPA, and there will be no changes to the borrower or loan team workflow. 

Please contact Blend Support or your Blend Representative to enable this LPA enhancement in your Blend environment. 

Blend Sign for Close Release Date 

Blend Sign for Close will be released in beta environments starting July 19th. This release will not apply to you if you are not currently leveraging Blend Close. 

The release has been divided into 2 cohorts.

• Cohort 1 will be receiving the features in beta on July 19th and August 16th in production.

• Cohort 2 will be receiving the features in beta on August 2nd and August 30th in production.

Please reach out to your account partner to learn which cohort you will be in. 

Preview Environments (Test/Beta/Dev)

No new releases this week.

Production Environments (Prod)

No new releases this week.

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