4.6 • 854 Ratings
🗓️ 23 July 2021
⏱️ 36 minutes
🧾️ Download transcript
If you've bought a home or refinanced in the past few years, you may have interacted with Blend and not even realized it! The newly public company is focused on bringing consumer financial products like mortgages and auto loans into the 21st century with digital-first options.
Easy uploads, fast pre-approvals, it all sounds great. We talk through the business and see how it stacks up.
Stocks: BLND, RKT
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| 0:00.0 | Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today |
| 0:16.0 | we're talking financials. Today we're talking consumer goods. Wild Card Wednesday. |
| 0:20.4 | And we're talking energy. And today we're talking tech. |
| 0:23.7 | Let's dive in. |
| 0:26.8 | It's Friday, July 23rd, and we're checking out Blend Labs. |
| 0:30.7 | I'm your host, Don Lewis, and I'm joined by Fool.com's chief curator of cautious, |
| 0:34.1 | continuous compounding, Brian, how you doing? |
| 0:38.1 | Dylan, I thought this week we were going to do some other show other than an IPO show but just yesterday I got a message from one of my |
| 0:45.3 | followers about an interesting company and I said all right Dylan we're got to do another one. |
| 0:50.2 | You know we can't stay away we just keep coming back to him Brian because they keep showing up that's just how it works |
| 0:56.4 | It won't always be this good. We won't always be spoiled with new SAS companies that are coming public that have |
| 1:04.6 | Numbers that make us interested. spoiler alert, but this is one that I think definitely checks that box for us. |
| 1:08.4 | It certainly does. We're going to be talking about blend and you know I think you could say that the last year and a half or so has been |
| 1:14.2 | marked by a lot of companies coming public that has kind of been the zeitgeist |
| 1:18.0 | Brian this company in particular squarely where consumer spending and consumer attention is right now. |
| 1:25.0 | They are focused in consumer credit and they really got their start in the home loan origination process. |
| 1:31.0 | So a business that is really front and center with where |
| 1:34.8 | attention is right now in the financial markets. If you're like me and had never |
| 1:38.7 | heard of Blen Lab before we'll get into the reasons why but I want to read the message that one of my followers, |
| 1:45.2 | Julian Gregorian, he's at stealth underscore Mandate, sent to me. He said this message to me, |
| 1:50.4 | you and Dylan might want to check out this company called Blend Labs, BLND. |
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