PHH Mortgage expands partnership with Blend Labs

PHH Mortgage, a subsidiary of Onity Group Inc. (ONIT), is expanding its partnership with Blend Labs (BLND) to deliver faster, more seamless refinance and home equity experiences for borrowers. PHH Mortgage has expanded its use of Blend’s technology platform, already powering its mortgage lending operations, to now include Rapid Refi and Rapid Home Equity. As part of its ongoing digital transformation, the move will help PHH meet rising borrower expectations and deepen relationships across the homeownership journey, from mortgage origination to refinancing and home equity lending. Both refinance and home equity are particularly important opportunities for loan servicers in today’s market. “Many homeowners today are still paying elevated mortgage rates or sitting on untapped home equity,” said Colin Friday, Senior Vice President of Consumer Lending at PHH Mortgage. “As interest rates shift, many of these borrowers are actively exploring ways to improve their financial position-whether refinancing to lower monthly payments or using equity for major expenses. Blend’s Rapid Home Lending suite helps us meet them in those key moments with a fast, intuitive experience that reduces fallout and builds lasting loyalty.”