Have you gone through the process of getting a mortgage? If you have, you probably understand how painful and time consuming that process can be. Blend Labs (NYSE: BLND) is disrupting the finance sector, but not how you might think. Instead of disrupting legacy banks and credit unions as a fintech competitor, the company is actually helping legacy businesses streamline their processes through digital transformation, leveraging its software-as-a-service model. In a sense, Blend is helping traditional financial institutions stay relevant in the face of the fintech revolution. With that said, Blend Labs works with all types of financial institutions, both big and small, from big banks like Wells Fargo (NYSE: WFC) to credit unions, fintech companies, and even disruptive businesses like OpenDoor (NASDAQ: OPEN). Blend's CEO and co-founder, Nima Ghamsari, makes this story even more interesting. Not only was he a professional poker player to help pay for his education at Stanford University, he was also an employee of Palantir (NYSE: PLTR) for four years. In fact, it was the only company on his résumé when he founded Blend Labs in 2012. To make it even more interesting, Ghamsari's incentive-based stock compensation reminds me of how Elon Musk was compensated for stock performance at Tesla (NASDAQ: TSLA). His total stock bonus could equate to a massive $10.9 billion payout if the company's stock trades 1,000% higher within the next decade. That's right, he is gunning for 1,000%, a ten-bagger! The company recently completed an IPO earlier this year, and the stock is trading over 30% lower than its initial trade of $20. Could this be an opportunity, or is the stock headed lower? In today's video, I crack one of the hardest software-as-a-service businesses I have ever analyzed. I provide a deep dive into the background of the business and its business model. I also provide analysis on how to value the combined business after its acquisition of Title365 and opinions on the stock price and long-term growth prospects. Keep in mind that Blend Labs will report earnings on November 10th. Please make yourself comfortable and enjoy the below video. *Stock prices used in the below video were during the trading day of Oct. 13, 2021. The video was published on Oct. 13, 2021. 10 stocks we like better than Blend Labs, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Blend Labs, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Eric Cuka owns shares of Blend Labs, Inc., Opendoor Technologies Inc., Palantir Technologies Inc., Tesla, and UiPath Inc. The Motley Fool owns shares of and recommends Opendoor Technologies Inc., Palantir Technologies Inc., Tesla, and UiPath Inc. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.Source