Blend’s commitment to building an equitable ecosystem, Pt. 2Crystal Sumner, Head of Legal at BlendBy Crystal Sumner, Head of Legal at Blend
At Blend, our commitment to removing the barriers to lending and democratizing access to capital for all Americans isn’t just a well-intentioned goal. It’s at the heart of everything we do each day and a value deeply embedded in our DNA.
Nima Ghamsari, Blend’s CEO and co-founder, launched the company in the aftermath of the 2008–2009 financial crisis. Blend’s mission, then and now, is to bring simplicity and transparency to consumer banking. We form partnerships with banks, credit unions, and other lenders to ensure consumers have access to a less stressful, more accessible borrowing experience. We envision a future where Blend powers a healthier financial future for millions of Americans, resulting in a more equitable and accessible consumer banking system.
Last year, Ulysses Smith, Blend’s Head of Diversity, Inclusion, and Belonging, published a piece here announcing our Equitable Ecosystem Initiative. As this long-term call to equity takes place, I’ve been excited to see Blend’s vision of promoting access resounding throughout the financial industry. We’ve seen large banks investing in Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs), fintechs stepping up to address the lack of diversity in the industry, and proposals that could open access to homeownership.