Blend partners with Covered

Blend Labs, the origination platform for digital banking solutions, is partnering with digital insurance broker Covered Insurance to further streamline the home insurance shopping experience.

Through this agreement, Covered has taken on Blend’s insurance agency operations, transitioning Blend’s insurance services from an exclusively in-house model to a partnership-driven approach.

The companies will jointly provide lenders an “improved carrier panel and overall service offering,” including an expanded range of available insurance carrier options with greater choice and value, as well as enhanced engagement tools.

Covered’s marketplace will be integrated into Blend’s mortgage application workflow.

“This partnership is a major step forward in providing borrowers with more options and convenience when shopping for home insurance quotes. By integrating Covered’s leading marketplace directly into our mortgage platform, we’re empowering borrowers with more choices and better value, while helping lenders accelerate the loan process. We look forward to a strong, long-term strategic partnership with the Covered team.” – Nima Ghamsari, co-founder and CEO of Blend.

“Together with Blend, we’re elevating the home lending experience, making it more efficient and customer-centric. Partnering with Blend means we can bring enhanced carrier markets and more value to better serve Blend’s lender clients and their borrowers. Furthermore, Covered’s best-in-class mortgage servicing partnership programs will allow Blend’s lender clients to extend value beyond origination through the entire mortgage lifecycle. We’re excited to add value to Blend, their lender clients, borrowers across the country, all while accelerating our market share in the mortgage industry.” – Ross Diedrich, CEO of Covered.