Palmetto Citizens FCU Selects Blend to Power Mortgage and Home Equity Solutions
July 24 2024 - 4:05PM
Business Wire
Partnership to help credit union members save
time and money
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240724939161/en/
Chloé Demeunynck press@blend.com
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