Case Study: Elements Financial achieves faster closings and unified cross-product lending with Blend

Elements One platform for a lifetime of financial services

Elements Financial, an Indiana-based credit union, needed to modernize its member experience and speed up mortgage and home equity lending to meet rising consumer expectations. They partnered with Blend, moving mortgage applications onto Blend’s platform and later adopting Blend’s Consumer Banking Suite to unify applications across mortgage, consumer lending, and deposit accounts.

Blend automated document collection, asset connectivity, and application workflows, cutting mortgage application-to-fund time by five days and reducing home equity closings from 30 to 11 calendar days; processing per loan fell by 1–2 hours and complex applications that once took weeks now take minutes. The partnership produced measurable gains: a 60% average reduction in application submission times for vehicle, personal, and credit card loans, an 11% increase in approved applications, and a 105% rise in deposit account submission rates — all enabled by Blend.

Elements Financial

Ron Senci

Vice President of Sales and Lending