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Regional Banks Lead Mortgage Application Conversion, Blend Labs Analysis Finds

By Public Technologies
  • Blend Labs' analysis of 12 months of mortgage originations found regional banks led conversion; national banks had the fastest median completion times.
  • Independent mortgage banks led neither measure; credit unions lagged both.
  • Mobile generated more application starts, but desktop led completions; switching devices substantially increased completion times.
  • Completed mobile applications averaged about 20 minutes, compared with 27 minutes on desktop.
  • One lender achieved roughly 90% conversion by having loan officers call borrowers early to address confusion before applications were abandoned.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blend Labs Inc. published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.

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