Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

FintechMortgage

2018 HW Vanguard: Erin Collard

Blend co-founder

Erin Collard has over a decade of deep financial and technology experience, having served as both head trader and managing director at Clarium Capital.

Today, Blend’s customers, including financial behemoths like U.S. Bank and Wells Fargo, now account for over a quarter of the U.S. mortgage market.Vanguard logo

Erin CollardBut it wasn’t always smooth sailing for Collard: “It’s very easy to be a leader during times of success and revel in the momentum, but I have found throughout my career that what separates long-term success stories from passing fads are the teams who always stay focused on the broader vision and don’t get distracted by success or discouraged by minor setbacks.”

While the average mortgage application can require up to 400 pages of paper documentation, Blend’s technology has enabled many of its partners to eliminate paper altogether. Furthermore, Blend’s technology cuts down the application cycle by up to 10 days. Collard ended 2017 on a strong note, leading Blend’s Series D fundraising round. Over a period of six months, he and his team worked tirelessly to find the right partners for the company and ended up raising $100 million in a round led by Greylock Partners, bringing the company’s total funding up to $160 million. The additional backing also helped the company grow its headcount to over 300 and open offices in New York City and Los Angeles.

Earlier this year, Collard brokered Blend’s partnership with Lennar, America’s largest homebuilder, marking the first time that the digital mortgage extended directly to homebuilders.

What one habit has made a crucial difference in your success?

“I think the key to success is definitely persistence. Most of the time in business it’s about how you handle your failures.”

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

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