Complimentary webinar outlines how lenders can help borrowers find affordable insurance coverage by mining existing financial institution data.

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.

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