Updated wording of mortgage payoff checkbox in Real Estate Owned (REO) for Home Equity applications

Date Available: Available in beta and production on September 16, 2025

Which customers are impacted?: Customers using Home Equity applications in Blend. Customers must also be using new URLA for Home Equity in Blend, otherwise the checkbox will not appear at all. 

Required?: Yes, this is a required release. Required releases are features that Blend wants to standardize in the codebase, and typically do not require additional configuration. 

How to turn on: This change will be automatically implemented on the dates listed above.

Purpose of Update and Benefit:

For Home Equity applications, a checkbox will appear in the borrower and lender application if there is an outstanding mortgage payment for an owned property. Currently, the language for this checkbox does not match between the borrower and lender application. With this update, the text of the checkbox in the lender application will be updated so that it more closely matches the language used in the borrower application. 

Current Behavior:

Currently, properties included in the “Real Estate Owned” section of the lender application for Home Equity products will see a checkbox that reads “To be paid off before closing” if the loan team indicates that there are existing mortgage payments on the property. 

New Behavior:

The text for the checkbox in the lender application will now read “To be paid off at or before closing” (italics added for emphasis).

This will better match the verbiage and intention behind the checkbox in the borrower application, which reads “Will the mortgage be paid off at or before closing?”

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