Blend is a great tool for mortgage originators!
Use Cases and Deployment Scope
My team utilizes Blend to capture new mortgage business. It serves primarily as an online loan application tool where both the borrower, or myself the loan originator, can input information that generates a formal loan application within our system. Blend is highly customizable, can run credit, verify employment and collect documents securely. It's highly useful and very user-friendly.
Pros
- Easy to use
- Transfers between Blend to Encompass easily
- Runs employment verification
Cons
- Adding non occupant co-borrowers can be challenging
- I wish we could mirror the client's screen in real-time so we can see where they are in the application
- The user side can be a little challenging, some fields are required to be filled out even though they are not important to the application
Likelihood to Recommend
I have not experienced any other system that can do what Blend does as easily as Blend. It's very well suited for the mortgage industry and its ability to communicate with Encompass. I don't think it would be a great CRM tool for a company that doesn't need multiple touch points to a client, for instance, if you simply need a name, phone number, and email address Blend would be overkill. Blend is designed specifically to capture a lot of specific details about a client's financial position.
