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Revenue Recognition and Contract Costs | 12 Months Ended
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Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Revenue Recognition and Contract Costs | Revenue Recognition and Contract Costs Disaggregation of Revenue The following table provides information about disaggregated revenue by service offering:
|  |  | Year Ended December 31,
|  |  |  |  | 2021 |  | 2020 |  | 2019
|  |  |  |  | (In thousands)
Blend Platform revenue: |  |  |  |  |  |  |  |  |
Mortgage Banking |  |  |  |  | $ | 108,264 |  |  | $ | 80,061 |  |  | $ | 40,311 |
Consumer Banking and Marketplace |  |  |  |  | 23,120 |  |  | 12,624 |  |  | 6,333 |
Professional Services |  |  |  |  | 4,178 |  |  | 3,344 |  |  | 4,027 |
Total Blend Platform revenue |  |  |  |  | 135,562 |  |  | 96,029 |  |  | 50,671 |
Title365 revenue |  |  |  |  | 98,933 |  |  | — |  |  | — |
Total revenue |  |  |  |  | $ | 234,495 |  |  | $ | 96,029 |  |  | $ | 50,671 |
Mortgage Banking revenue represents revenue related to mortgage transactions processed through the Company’s software platform. Consumer Banking and Marketplace revenue represents revenue that is not directly tied to mortgage banking transactions, such as consumer banking revenue (home equity, personal loans, deposit accounts, and all other consumer banking products), ancillary product revenue (income verification and close products), and marketplace revenue (title, insurance, and realty products). Professional Services revenue represents revenue related to the deployment of the Company’s platform and consulting services. Title365 revenue represents revenue related to title, escrow and other closing and settlement services provided by the Title365 segment. Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers:
Contract Accounts |  | Balance Sheet Line Reference |  | As of December 31, 2021 |  | As of December 31, 2020
|  |  |  | (In thousands)
Contract assets—current |  | Prepaid expenses and other current assets |  | $ | 5,359 |  |  | $ | 7,079 |
Contract liabilities—current |  | Deferred revenue, current |  | $ | (8,068) |  |  | $ | (13,622) |
There were no long-term contract assets or deferred revenue as of December 31, 2021 and December 31, 2020. During the years ended December 31, 2021 and 2020, the Company recognized substantially all of the revenue included in the deferred revenue balances at the beginning of the respective periods. During the years ended December 31, 2021 and 2020, the Company recognized approximately $11.9 million and $11.4 million, respectively, of revenue from performance obligations satisfied in previous periods. The revenue recognized from performance obligations satisfied in the prior periods primarily related to changes in the transaction price, including changes in the estimate of variable consideration. Remaining Performance Obligations As of December 31, 2021, the aggregate amount of the transaction price allocated to the remaining performance obligations was $80.4 million. These remaining performance obligations do not include estimates of variable consideration associated with usage-based contracts with termination rights and professional services. The expected timing of recognizing revenue for the transaction price allocated to the remaining performance obligations as of December 31, 2021 was as follows:
| (In thousands)
Within one year | $ | 44,957 |
More than one year | 35,422 |
Total transaction price allocated to the remaining performance obligations | $ | 80,379 |
Deferred Contract Costs As of December 31, 2021 and December 31, 2020, total unamortized deferred contract costs were $8.7 million and $10.3 million, respectively, of which $4.5 million and $4.9 million was recorded within prepaid expenses and other current assets and $4.2 million and $5.4 million was recorded within deferred contract costs, non-current, on the consolidated balance sheets as of December 31, 2021 and December 31, 2020, respectively. The amortization of deferred contract costs was $5.0 million, $3.6 million and $2.3 million for the years ended December 31, 2021, 2020 and 2019, respectively, and is included in sales and marketing expense in the accompanying consolidated statements of operations and comprehensive loss.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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