Palmetto Citizens FCU Selects Blend to Power Mortgage and Home Equity Solutions

SAN FRANCISCO--(BUSINESS WIRE)-- Blend, a leading provider of digital banking solutions, today announced a new partnership with Palmetto Citizens, one of South Carolina's largest credit unions with assets of over $1.3 billion, to streamline their mortgage and home equity experiences.

Palmetto Citizens chose Blend for their ability to deliver simple, intuitive mortgage solutions that improve member experience and supercharge loan officer productivity. With Blend's technology, all documents can be delivered and signed digitally, enabling instant receipt by third parties, faster funding, and reducing the likelihood of errors.

"We're thrilled to partner with Blend to enhance our mortgage and home equity offerings," said Carol Addy, Chief Revenue Officer at Palmetto Citizens. "Helping our members achieve their financial goals while providing a streamlined experience has always been our priority. By automating manual workflows and reducing the number of steps borrowers must take to complete their application, we're creating a better, and more efficient, process that reflects the digital age we're in today."

In addition, Blend's rich loan officer tools will enable Palmetto Citizens to increase the ease and speed at which they can serve borrowers.

Loan officers can perform tasks that include everything from starting applications, pulling credit, structuring loans, granting pre-approvals, and locking in rates, all within the Blend platform. These capabilities are accessible both on desktop and on the go with Blend's LO Mobile App, which provides loan officers with complete end-to-end capabilities to engage with new leads or manage existing pipeline while in the field.

"Palmetto Citizens' commitment to adapting to the needs of their members and providing an enhanced, digital-first experience aligns with Blend's mission," said Nima Ghamsari, Head of Blend. "We're excited to partner with Palmetto Citizens and help make the entire homeownership journey easier and more accessible to their 80,000 members."

To learn more about the Blend's Mortgage Suite solution, visit blend.com/products/mortgage-suite.

About Blend

Blend (NYSE: BLND) 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.

About Palmetto Citizens Federal Credit Union

Palmetto Citizens, a community credit union headquartered in Columbia, South Carolina, has been serving their member-owners since 1936. Today, with over $1.3 Billion in assets and 310 employees, Palmetto Citizens serves over 100,000 consumers and operates from 14 branches with over 45 ATMs. Offering a full range of financial products and services, their focus remains on providing quality and effective service while helping members live their best financial lives. For more information, visit www.palmettocitizens.org.

Forward-Looking Disclaimer

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, as well as assumptions relating to the foregoing. 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. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "could," "would," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other comparable terminology that concern Blend's expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. 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. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. 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.

Source: Blend

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