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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:

Computer and software			3 years
Furniture and fixtures			5 years
Leasehold improvements			Shorter of useful life or lease term

Property and equipment, net, consisted of the following:

			December 31, 2021						December 31, 2020
			(In thousands)
Computer and software			$	4,287					$	2,277
Furniture and fixtures			1,559						1,094
Leasehold improvements			4,940						4,455
Total property and equipment, gross			10,786						7,826
Accumulated depreciation and amortization			(4,631)						(3,232)
Total property and equipment, net			$	6,155					$	4,594

Schedules of Concentration of Credit Risk

The following customers comprised 10% or more of the Company’s revenue for the following periods:

Year Ended December 31,

Customer

2021

2020

2019

A2

N/A1

13%

14%

B2

26%

N/A1

N/A1

C

N/A1

N/A1

11%

(1) revenue from this customer did not exceed 10% for the period presented

(2) this customer generates revenue in both Blend Platform and Title365 segments

The following customers comprised 10% or more of the Company’s trade and unbilled receivables:

Customer

December 31, 2021

December 31, 2020

A

N/A1

34%

B

29%

N/A1

D

—%

11%

(1) trade and unbilled receivable balance from this customer did not exceed 10% as of the date presented

X

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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