General World News

Mortgage tech firm Blend beefs up income verification capabilities

Mortgage tech firm Blend Labs has added an assets-derived income capability to its existing “Blend Income” product. 

The newest enhancement will allow lenders to have additional ways to verify more income sources – including social security benefits, pension distributions, military benefits, child support and alimony payments – far earlier in the application process than traditionally feasible, Blend said in a release Tuesday. 

“Verification solutions today are costly, provide limited coverage for lenders, and are often targeted to a subset of industries or employment types. Through Assets-Derived Income, Blend is able to provide a fully integrated, single income verification details ⇒

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