Affiliated Business Arrangement Disclosure Statement

This is to give you notice that Blend Labs, Inc (“Blend”) has a business relationship with the following settlement service providers:

Provider Ownership Interest
Blend Brokerage, Inc. dba Blend Realty (“Blend Realty”) 100%
Blend Insurance Agency, Inc. (“Blend Insurance”) 100%
Blend Title Insurance Agency, Inc. (“Blend Title”) 100%
Title365 Company, T365 Company LLC, Title365 Company of Alabama LLC (“Title365”) 90.1%

Because of these relationships, this referral may provide Blend a financial or other benefit.

Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES, AND YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.

 

Provider Settlement Service(s) Range of Charges
Blend Realty Residential real estate brokerage services 1-3% of the purchase price.
Blend Insurance Property and casualty insurance 5-20% of the insurance premium.
Blend Title Settlement and closing services $150-$400 per transaction.
Title insurance Policy $0.76-$5.75 per $1,000 in coverage.*
T365 Settlement and closing services $0-$765**
Lender’s/ Mortgage Policy $125 – $7,800**
Owner’s Title Policy $125 – $10,150**

*Blend Title utilizes title insurance rates filed by the underwriter or promulgated by the state. Rates vary by state.
**Rate is based on the coverage amount and varies by state and volume

ACKNOWLEDGEMENT:

By checking the box, I/we acknowledge that I/we have read this disclosure, and understand that Blend is referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.