Blend Labs, a digital lending platform, completed the acquisition of Title365, an insurance services provider, from Mr. Cooper, which provides quality servicing, origination and transaction-based services, for $500m. "The Title365 team has produced outstanding results, which contributed to Mr. Cooper Group’s strong profitability and operating momentum over the last year. This decision follows a comprehensive strategic review in which we determined that Title365 would gain greater investor credit as part of a company like Blend, where it will have a significant strategic impact. This decision allows Mr. Cooper Group to focus on the growth and profitability potential within our core business of servicing and originations," Jay Bray, Mr. Cooper Group Chairman and CEO.