Covius将从Blend Labs收购Title 365;交易预计将在未来几个月内完成;未披露财务条款

Acquisition Will Expand Covius' Title Presence and Technology Platform Integrations

DENVER, June 9, 2025 /PRNewswire/ -- 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. (NYSE:BLND), 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.