RCN Capital acquires BLN Software to expand wholesale lending tech
Summary
RCN Capital has acquired BLN Software, a provider of loan origination and loan management systems for private lenders, in a move aimed at strengthening its technology platform and providing enhanced tools for wholesale lending. The acquisition brings BLN Software under RCN Capital’s umbrella, allowing the private lender to integrate the platform into its own operations while also making it available to other lenders and brokers. The software is designed to streamline lending processes, improve workflow efficiencies, and support data-driven decision-making. "Having experienced firsthand the remarkable impact of utilizing BLN Software as our loan origination system, we are excited to bring such a cutting-edge and dynamic software provider into the RCN Capital family," said Jeffrey Tesch, CEO of RCN Capital. "With the addition of new resources, we look forward to offering BLN Softwares products to other lenders and brokers, empowering them to drive growth and success in their own businesses."