Blend Labs Inc. has named Matt Thomson as its new head of revenue, effective January 6. Thomson brings over 25 years of experience in fintech sales leadership to the role.
His responsibilities include aligning the company's sales organization with its revenue strategy. Blend Labs reported adding new customers and expanding relationships with existing clients in the third quarter. The company's pipeline has increased by 60%.
"Financial institutions are looking for partners who can help them compete digitally while maintaining the relationships that define their brands," Thomson said. "That's exactly what Blend delivers, and I'm looking forward to helping more institutions discover what's possible with the right technology partner."
At the Wells Fargo 9th Annual TMT Summit, Blend Labs reiterated plans to integrate artificial intelligence into its platform. The AI integration aims to speed up and improve mortgage processing. The company is shifting focus from non-core businesses like income verification to offering software solutions.
Blend Labs operates a cloud-based digital platform for financial institutions. The platform streamlines consumer lending and account-opening processes across various products including mortgages, home equity loans, personal loans, and deposit accounts.