Blend (NYSE: BLND), the newly publicly-traded POS provider now branded as a cloud banking solutions provider, has launched “Blend Impact,” a program focused on increasing access and equity in housing and financial services.
The program brings together Blend’s non-profit, industry, and community ecosystem partners to help drive equitable outcomes.
“Blend’s mission is to expand access to the world’s financial resources, and we are committed to creating a more inclusive financial services ecosystem for everyone,” said Nima Ghamsari, co-founder and head of Blend. “Historically, access to financial services and opportunities for transferable wealth have not been equally available to all. We have designed the Blend Impact program to enable our teams to drive meaningful change in the industry to address these systemic flaws and build better lives for those in the communities we serve.”
Under the new program, Blend will work with its customers and partners, including DHI Mortgage, to focus on building technology to enable financial inclusion and economic opportunity, exploring homebuyer education, additional language support, and alternative data sources for credit underwriting as potential areas of work with partners and customers.
“DHI Mortgage continues to focus on making homeownership accessible for all and we are proud to partner with Blend in the Equitable Ecosystem Initiative (EEI),” said DHI Mortgage president and CEO Sonya Luechauer, “We are excited about the opportunity to collaborate with Blend and others in the EEI to improve lending solutions for minority homebuyers.”
As a part of this initiative, Blend has offered access to its platform technology to Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) at no cost.