Blend vs. Novo Platform

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Blend
Score 8.6 out of 10
N/A
Blend is a digital lending platform that simplifies applications for mortgages, consumer loans, and deposit accounts. The company enables customers to process more than $4 billion in mortgages and consumer loans per day. Erin Collard, Eugene Marinelli, Nima Ghamsari, and Rosco Hill headquartered the company in San Francisco, California in 2012.N/A
Novo
Score 9.0 out of 10
N/A
Novo, from Novo Platform in New York, is a banking platform that provides business deposit accounts to companies and is supported by a network of FDIC-insured community banks. Novo states their goal is to bring small business banking into the modern age with easy-to-use tools for founders on the go.N/A
Pricing
BlendNovo Platform
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
BlendNovo
Free Trial
NoNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
BlendNovo Platform
Top Pros

No answers on this topic

User Ratings
BlendNovo Platform
Likelihood to Recommend
10.0
(1 ratings)
9.0
(1 ratings)
User Testimonials
BlendNovo Platform
Likelihood to Recommend
Blend Labs Inc.
I have not experienced any other system that can do what Blend does as easily as Blend. It's very well suited for the mortgage industry and its ability to communicate with Encompass. I don't think it would be a great CRM tool for a company that doesn't need multiple touch points to a client, for instance, if you simply need a name, phone number, and email address Blend would be overkill. Blend is designed specifically to capture a lot of specific details about a client's financial position.
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Novo Platform, Inc
Novo is really good for my money checking account, it's integrated with Shopify, and there are no monthly fees and no minimum balance requirement. Unfortunately, it's not possible to deposit cash and send wires.
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Pros
Blend Labs Inc.
  • Easy to use
  • Transfers between Blend to Encompass easily
  • Runs employment verification
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Novo Platform, Inc
  • No monthly fees
  • Integration with other solutions
  • No minimum balance requirement.
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Cons
Blend Labs Inc.
  • Adding non occupant co-borrowers can be challenging
  • I wish we could mirror the client's screen in real-time so we can see where they are in the application
  • The user side can be a little challenging, some fields are required to be filled out even though they are not important to the application
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Novo Platform, Inc
No answers on this topic
Alternatives Considered
Blend Labs Inc.
No answers on this topic
Novo Platform, Inc
Novo platform has no monthly fees, no minimum balance requirements, no transaction fees, and no incoming wire fees. It's online and it's possible to integrate easily with other solutions.
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Return on Investment
Blend Labs Inc.
  • Blend allows me to manage my pipeline easily without having to resort to Excel
  • Captures things like birthdays allowing me to have a reason to call clients
  • Clients love that it's a secure portal, no more replying to emails with sensitive documents
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Novo Platform, Inc
No answers on this topic
ScreenShots