Covius to Acquire Title365 from Blend

Acquisition Will Expand Covius’ Title Presence and Technology Platform Integrations

Covius Services, LLC, a leading provider of technology-enabled solutions to the financial services industry, announced today it has signed a definitive agreement to acquire Title365 Holding Co., a national provider of title insurance and settlement services with deep integrations across industry platforms, from Blend Labs, Inc., a leading digital origination platform for banks, credit unions and mortgage lenders.

The transaction is subject to certain required third-party consents and regulatory approvals. It is expected to close in the coming months.

Title365 is a national title insurance and settlement services company licensed in 43 states, serving top-10 lenders and servicers as well as capital market participants and home equity originators. Title365’s full range of products cover first and second mortgage origination services as well as default title. The company is also broadly integrated with leading loan origination and industry platforms.

In addition to servicing its own client base, Title365 will continue to partner with Blend to provide integrated title and closing services for Blend customers. Kirby Hulbert, President of Title365, and his team will be joining Covius’ Settlement Services team.

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Rob Clements, Chairman and CEO of Covius, said: “Covius has long been a market leader in providing a broad set of services to the mortgage industry. Title365 will further expand and scale Covius’ presence in the origination title space and complement our strength in loss mitigation and default title. This acquisition aligns with our strategy of delivering a full range of tech-enabled products and services across the origination, servicing and capital market sectors.”

John Surface, CEO of Covius Services, added: “In addition to expanding our product offering and deepening our client base, the acquisition of Title365 gives Covius additional integrations with leading loan origination and point of sale systems to provide even more cohesive solutions to our clients.”

Nima Ghamsari, CEO and Co-founder of Blend, shared: “This is an exciting next chapter for Blend. Partnering with an industry leader like Covius allows us to sharpen our focus on becoming the leading software platform for financial services, while ensuring our customers continue to get seamless access to best-in-class title services.”

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