Blend, a San Francisco-based digital lending platform, said it is expanding its product line into auto loans, marking further expansion of its consumer product line following moves to add home equity loans, HELOCs and deposit accounts earlier this year. 

Blend earlier this year completed a pilot program with a $38 billion bank in the Midwest and the results showed a three-fold increase in completed applications and a 10% increase in approval rates using Blend's technology, according to a company release. 

"We're excited to roll out our auto financing product to help lenders enhance the level of service and experience they provide to customers," Olivia Teich, head of product at Blend, said in a company release. "Blend's technology uses verified data to eliminate steps and the passing around of documents, streamlining the application process for consumers and reducing origination costs."

Blend said it processes more than $2 billion in consumer loans and mortgages per day and works with a range of banks and financial institutions, including Wells Fargo, U.S. Bank and others. 

Cover image: Blend.