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Revenue Recognition and Contract Costs
 12 Months Ended
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,
202120202019
(In thousands)
Blend Platform revenue:
Mortgage Banking$108,264 $80,061 $40,311 
Consumer Banking and Marketplace23,120 12,624 6,333 
Professional Services4,178 3,344 4,027 
Total Blend Platform revenue135,562 96,029 50,671 
Title365 revenue98,933 — — 
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, 2021As of December 31, 2020
(In thousands)
Contract assets—currentPrepaid expenses and other current assets$5,359 $7,079 
Contract liabilities—currentDeferred revenue, current$(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 year35,422 
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.