Blend and Covered Educate Banks on Protecting Closings in a High-Premium Market

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, today announced a new webinar for bank, credit union, and mortgage lender executives on February 26, 2026, on “The Insurance Gap: Protecting Margins and Closings in a High-Premium Market.”

According to the Federal Reserve, a borrower’s delinquency risk rises by 20% for every $500 increase in annual costs. With homeowner insurance premiums on the rise, that’s a threat to financial institutions’ revenue and operating costs. Many lenders already are mired in manual Evidence of Insurance (EOI) activity, and increased insurance premiums have an outsized impact on lending teams’ productivity and effectiveness.

To address these issues, Blend and Covered, an insurance solutions provider, are offering a joint webinar focusing on best practices and real-world examples, led by cross-industry experts. Speakers include Ryan Lantz, Director of Strategic Partnerships for Covered, Sue Woodard, Senior Advisor for STRATMOR, and Charles Pardee, Product Manager, IMB, for Blend.

Lenders and other attendees will learn:

• Why 80% of loan officers need new tools to help customers find affordable coverage.
• How to use competitive insurance quoting to lower monthly obligations and prevent late-stage loan fallout.
• Strategies for automating EOI visibility for processing and closing teams.
• Ways to offer a reliable insurance resource for team members who lack established local agency ties.

The webinar is open to loan officers with banks, credit unions, and mortgage lenders and will take place on Thursday, February 26, at 1:00 pm CST. Additional details are available on the webinar registration page.

About Blend

Blend Labs Inc. (NYSE: BLND) is a leading origination platform for digital banking solutions. 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. Learn more at blend.com.

About Covered

Covered is an insurance solutions provider specializing in the unique challenges that arise at the intersection of mortgage and insurance. We work with lenders and servicers to simplify the homeowners insurance experience both for their businesses and their borrowers—throughout the entire mortgage lifecycle.

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