New Bridge Loan Type

Posted 2 days ago by Alina Ha

A
Alina Ha Admin

Date Available: Beta 12/19, Prod 12/19 - Available now. 


Which customers are impacted?: Core Mortgage 


Required?: No, opt-in.


How to turn on: This will not be automatically enabled for our customers. It will be available beginning on the dates listed above. If you’d like to take advantage of this functionality, please email support@blend.com.


Purpose of Update and Benefit:


We are excited to announce the launch of our new Bridge Loans Application Workflow Product! This feature was built to improve the borrower experience for those seeking bridge loans and provide a clear, dedicated way for lenders to offer this product through Blend.


This new application is a tailored workflow that uses copy specific to bridge loans, asking appropriate questions and removing unnecessary ones. This ensures a smoother application journey for borrowers.

Current Behavior: Bridge Loans do not exist today. 


Current Behavior: Bridge Loans were previously not an available product type. 


New Behavior: Lenders can now enable Bridge Loans as a new product type.



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