OCCU is partnering with Blend Labs, Inc., to implement industry-leading cloud-based mortgage lending software to provide seamless digital home loan and refinancing services to OCCU members.
Homebuyers and mortgage loan originators can now conduct many of the financial steps required to purchase a home online and remotely, including income verification, signing, notarization and closing. In addition, homeowners undergoing refinancing will be able to compare rates and products quickly and efficiently.
Blend’s products provide a simple and easy-to-understand digital interface that is both more convenient and results in fewer errors than older systems. What’s more, Blend’s high level of automation promotes speedy and accurate processing. This makes homebuying and refinancing processes more accessible than ever before for OCCU members.
“With Blend, OCCU is poised to expand our mortgage lending and refinancing to new areas while providing the best in-market applicant experience to members,” said OCCU VP of Mortgage Lending Lindsey Roberts. “The fact that Blend is the best fit for OCCU’s needs is just icing on the cake!”
The partnership between OCCU and Blend brings cutting-edge financial solutions to OCCU’s community-driven mission to enrich lives.
OCCU was founded in 1956 in Eugene, Oregon. Today, as a not-for-profit financial cooperative, OCCU has more than $3 billion in assets and serves more than 250,000 members through digital channels and 12 Oregon branches in Eugene, Junction City, Keizer, Salem, Springfield and Wilsonville. Most members live in Oregon and the state of Washington. Others reside throughout the United States and even abroad, keeping their membership active through online and mobile banking. Learn more at MyOCCU.org.
Blend is the infrastructure powering the future of banking. Financial providers — from large banks, fintechs, and credit unions to community and independent mortgage banks — use Blend’s platform to transform banking experiences for their customers. Blend powers billions of dollars in financial transactions every day. To learn more, visit blend.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.