Under Nima Ghamsari’s leadership and vision, Blend has launched and expanded its consumer banking platform over the last year, as well as added to and improved upon its core mortgage offerings.
In September 2019, the company launched One-tap Pre-approval for Mortgage and has since rolled it out to two of its largest customers, Wells Fargo and U.S. Bank. The technology enables lenders to verify a consumer’s assets, income and employment with source data at the very beginning of the application.
In October 2019, Blend also announced an auto loan product to streamline the auto purchase and refinance experiences for consumers, while helping lenders drive efficiency, increase online application completion and improve fund rates.
When the COVID-19 pandemic hit, Blend pivoted to meet the immediate needs of its lender customers. In addition to spinning up a portal in 72 hours to help customers process more than $7 billion in Paycheck Protection Program applications from small businesses through the CARES Act, Blend accelerated its digital closing offering. Ghamsari has raised more than $310 million in funding for Blend and partnered with some of the largest banks in the country.
Today, the company works with more than 250 lenders and enables leading financial institutions to process more than $3 billion in loans per day. Ghamsari is also committed to diversity, inclusion and belonging at Blend and across the broader financial services industry.
He fosters an environment at the company that creates opportunities and avenues for employees to express themselves. Inc. Magazine named Blend one of the Best Workplaces in 2019 and 2020.
What’s the best advice you’ve ever received?
Focus on substance – creating value is the only thing that matters.