M&A Deal Summary

Blend Acquires Title365

On March 15, 2021, Blend acquired financial services company Title365 for 422M USD

Acquisition Highlights
  • This is Blend’s 1st transaction in the Financial Services sector.
  • This is Blend’s largest (disclosed) transaction.
  • This is Blend’s 1st transaction in the United States.
  • This is Blend’s 1st transaction in California.

M&A Deal Summary
Date 2021-03-15
Target Title365
Sector Financial Services
Buyer(s) Blend
Deal Type Divestiture
Deal Value 422M USD

Target

Title365

Santa Ana, California, United States
Title365 is a national title insurance and settlement services provider, founded on a commitment to deliver industry-changing solutions for faster turnaround of title, escrow and default services. Title365 is a division of Xome, a real estate services company providing integrated end to end solutions designed to solve the unique business challenges faced by mortgage servicers and lenders. Xome leverages data exchange capabilities and operational expertise across Title, Valuations, Auction and Field Services to provide intelligent recommendations throughout the entire real estate and loan lifecycle.

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Buyer(S) 1

Buyer

Blend

San Francisco, California, United States
Category Company
Founded 2012
Sector Financial Services
Employees881
Revenue 157M USD (2023)
DESCRIPTION

Blend helps lenders streamline the customer journey for any banking product from application to close. Its Digital Lending Platform is used by Wells Fargo, U.S. Bank, and over 285 other financial institutions to acquire more customers, increase productivity, and deepen customer relationships. The company enables customers to process more than $4 billion in mortgages and consumer loans per day, helping millions of consumers get into homes and gain access to the capital they need to lead better lives. Blend was founded in 2012 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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