Blend Labs to partner with Covered Insurance Solutions

Blend and Covered Insurance Solutions “have announced a new strategic partnership to further streamline the home insurance shopping experience. By joining forces, 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. By integrating Covered’s extensive marketplace directly into Blend’s mortgage application workflow, Blend will be in a position to offer its mortgage customers expanded access to top-rated national and regional insurance carriers across all 50 states, representing another milestone in strengthening its end-to-end digital mortgage capabilities. 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 that provides a more robust and comprehensive insurance marketplace. With a focus on continuity for lender partners, the partnership will leverage the robust compliance, data security, and infrastructure that exists today. Covered will be able to scale its marketplace presence directly within the Blend ecosystem, significantly expanding its reach across the U.S. mortgage market.”