Blend Announces Finance Leadership Transition
Jason Ream has over 25 years of experience as a financial and operating leader in technology and software. Jason previously served as the CFO of two public companies, SailPoint Technologies Holdings, Inc. and SolarWinds Corporation, as well as two private companies, Mitratech Holdings Inc. and Relativity ODA LLC. Prior to joining Blend he was a Senior Managing Director at Haveli Investments.
'I'm honored to join Blend at such a pivotal moment in its growth and profitability journey,' shared Jason Ream. 'I've long admired Blend's impact on the banking and lending ecosystem, and I'm committed to helping drive sustainable growth, operational discipline, and long-term value for our customers and stakeholders.'
Nima Ghamsari, Co-founder and Head of Blend, commented, 'We're thrilled to have Jason join us. His experience leading and scaling great software companies aligns closely with where we're headed. As we continue evolving Blend into a durable, long-term platform partner for the industry, Jason's leadership will be a key part of that journey.'
Amir Jafari, Head of Finance and Administration, will depart the Company as part of a mutually agreed transition. Mr. Jafari will stay on for a transition period to ensure continuity.
Mr. Ghamsari added, "I want to thank Amir for his contributions. He took on the hard work of navigating the company through a challenging period and has set us on the path towards a brighter future. We wish him great success in his future endeavors.'
About Blend
Blend Labs Inc., (NYSE: BLND) is a leading digital origination platform for banks, credit unions, and mortgage lenders. From mortgages to consumer loans to deposit accounts, Blend helps financial institutions streamline workflows, launch faster, and deliver standout customer experiences. In 2024, Blend's platform powered $1.2 trillion in loan applications. Learn more at blend.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
OTC Markets Group Welcomes First Phosphate Corp. to OTCQX
NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced First Phosphate Corp. (CSE: PHOS; OTCQX: FRSPF), an igneous phosphate mineral development company for the LFP battery industry, has qualified to trade on the OTCQX® Best Market. First Phosphate Corp. upgraded to OTCQX from the OTCQB® Venture Market. First Phosphate Corp. begins trading today on OTCQX under the symbol 'FRSPF.' U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. About First Phosphate Phosphate Corp. is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate ("LFP") battery industry. First Phosphate is committed to producing at high purity level, in responsible manner, and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. About OTC Markets Group Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets. OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit Subscribe to the OTC Markets RSS Feed Media Contact:OTC Markets Group Inc., +1 (212) 896-4428, media@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Sound Point Meridian Capital, Inc. Announces Results for the First Fiscal Quarter Ended June 30, 2025
NEW YORK, August 12, 2025--(BUSINESS WIRE)--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the "Company"), today announced results for the first fiscal quarter ended June 30, 2025. FIRST FISCAL QUARTER ENDED JUNE 30, 2025 RESULTS Net asset value per share of common stock was $18.50 as of June 30, 2025. Net investment income ("NII") was $10.8 million, or $0.53 per share of common stock, comprised of $19.2 million of investment income, or $0.94 per share of common stock and $8.4 million of expenses, or $0.41 per share of common stock. Realized loss on investments was $0.1 million, or ($0.01) per share of common stock. Unrealized loss on investments was $1.0 million, or ($0.05) per share of common stock. GAAP net income was $9.7 million, or $0.47 per share of common stock. As of June 30, 2025, the weighted average effective yield of the Company's CLO equity portfolio, based on amortized cost, was 12.9%.1 As of June 30, 2025, on a look-through basis, and based on the most recent trustee reports received by such date: The Company, through its CLO investments, had indirect exposure to approximately 1,577 unique underlying loans. The largest look-through obligor represented 0.5% of the loans underlying the Company's CLO debt and equity portfolio. The top ten largest look-through obligors together represented 4.3% of the loans underlying the Company's CLO debt and equity portfolio. SECOND FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES Received $22.6 million cash distributions from the Company's investment portfolio.2 Deployed $10.9 million in six CLO equity position with a GAAP yield of 13.7%. Declared a monthly distribution of $0.25 per share on the Company's common stock to be paid on each of October 31, 2025, November 28, 2025, and December 31, 2025. Declared a monthly distribution of $0.16667 on shares of the Company's 8.00% Series A Term Preferred Stock due 2029 to be paid on each of October 31, 2025, November 28, 2025, and December 31, 2025. Declared a monthly distribution of $0.1640625 on shares of the Company's 7.875% Series B Term Preferred Stock due 2030 to be paid on each of August 29, 2025, September 30, 2025, October 31, 2025, November 28, 2025, and December 31, 2025. Executed an amendment to the CIBC Credit Facility extending the maturity date to August 4, 2028, increasing the maximum facility to $150.0 million, and no change to the rate of SOFR + 3.75%. CONFERENCE CALL The Company will host a conference call at 11:00 a.m. (Eastern Time) today to discuss these results. All interested parties are welcome to participate in the conference call via the below: Date/Time: Tuesday, August 12, 2025 – 11:00 a.m. ET Participant Dial-In Numbers: (United States): (800) 549-8228 (International): (646) 564-2877 To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID "SOUNDFQ1". An accompanying slide presentation is available in pdf format via the "Events and Presentations" section of the Company's website ( The call will also be simultaneously webcast over the internet via the "Events and Presentations" section of the Company's website ( Please go to the "Events and Presentations" section of the Company's website at least 15 minutes prior to the call to register for the call and download and install any necessary audio software. About the Company The Company is an externally managed, non-diversified closed-end management investment company. The Company's investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation ("CLO") equity and mezzanine tranches of predominately U.S. dollar-denominated CLOs backed by corporate leveraged loans issued primarily to U.S. obligors. The Company is externally managed and advised by Sound Point Meridian Management Company, LLC, a Delaware limited liability company. For additional information, visit FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. Source: Sound Point Meridian Capital, Inc. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE 1 Weighted average effective yield is based on investments' amortized cost and expected future cash flows as of the applicable period end. 2 "Cash distributions" refers to the quarterly distributions received by the company from its CLO equity investments. View source version on Contacts Investor Relations: Julie Smith – Sound Point Capital(833) 217-6665ir@ Sign in to access your portfolio
Business Wire
15 minutes ago
- Business Wire
Ops Powerhouse Claire Alexander Launches Precision-Built Platform for Streamlined Operations, Scale and Growth
SEATTLE--(BUSINESS WIRE)--A new era of business building begins with the official launch of The Arch's Anvil, an operations and growth platform created by financial services industry veteran Claire Alexander (Alexander). Alexander aims to help service-based firms transform big visions into high-functioning businesses. Developed through years of in-the-trenches experience in financial services, insurance, and real estate, The Arch's Anvil brings a streamlined, centralized, and personalized approach to structuring and strengthening client-service operations, making it a powerful new tool for financial advisors, entrepreneurs, attorneys, CPAs, and other small business owners serving individual clients in service-based professions. We provide tools and structure, built collaboratively in just 10 weeks to help business owners bring their vision to life, allowing them to spend less time on administrative friction and more time focusing on what matters to their clients and their growth. Share Alexander's grounding principle for The Arch's Anvil is this: Intentional business owners – and even accidental entrepreneurs – are the architects of their future. The platform positions itself as the essential tool, or 'anvil,' to shape that vision into sustainable success. Having spent over a decade building systems, processes, and teams within the financial services industry, Alexander gained significant expertise. This included scaling internal operations at a wealth advisory firm to $3.5 billion in assets through various transitions like mergers, acquisitions, affiliations, and succession, which ultimately highlighted for her the pervasive operational gaps facing not only financial advisory firms but also service providers in adjacent professions. Many of the available resources were either disconnected, overly technical, or not tailored to the boutique service businesses that prioritize trust and tangible client outcomes. 'At The Arch's Anvil, we don't just advise; we're in the trenches with you, transforming your company vision into a powerful, client-facing service system,' noted Founder Claire Alexander. 'We deliver everything from custom email sequences and branded templates to the robust back-end tech stack, ensuring a seamless, hands-off experience for your team. We tackle the operational 'craziness'—from onboarding and training to workflow design—freeing up critical time and eliminating bottlenecks.' 'Our ultimate goal is to provide the tools and structure, built collaboratively in just 10 weeks, so you can bring your vision to life, faster, and without the piecemeal struggle,' Alexander added. 'This helps business owners spend less time on administrative friction and more time focusing on what matters to their clients and their growth. The additional time we'll spend together 1:1 is also a key part of the value proposition – and seeing the immediate interest and demand for this work has been energizing. I look forward to partnering with more right-fit clients to create meaningful results and invite them to connect with me through my website.' ELIMINATING OPERATIONAL FRICTION FOR BUSINESS OWNERS The platform's core function is to help professionals, such as financial advisors, CPAs, attorneys, real estate agents, insurance professionals, and trusted consultants, create a more manageable and efficient workflow. It's particularly tailored for firms that work with individual clients and require robust, repeatable processes to reliably deliver high-quality service. The Arch's Anvil addresses key pain points for service-based firms by centralizing communications, integrating business tools, standardizing workflows, improving transparency and accountability, easing onboarding, minimizing administrative burdens, and enabling firms to maintain organized and accessible records — all designed for efficient, client-focused operations. The platform is both tailored and flexible: The basic structure centers around a secure, centralized digital dashboard that serves as the operational hub for service-based businesses. When users log in, they are presented with a straightforward interface that organizes all their business resources, project deliverables, documents, and workflow materials, making this essential information easily accessible and all in one place. The design is intended to eliminate fragmented processes, eradicating the need to search through emails or use disconnected platforms to find important information. 'Claire took me through The Arch's Anvil platform, and I was truly impressed. Any business owner, especially those struggling with small business complexities like mine, would benefit from this solution,' said Marie Swift, Founder of Impact Communications and Host of Swift Chats in the Financial Services Industry, a video interview and podcast series. 'Claire's expertise in financial services, as well as her experience in real estate and insurance, shines through in how versatile and practical the platform is. It's clear that The Arch's Anvil can make operations much more streamlined and manageable for advisors, service firms, and anyone who needs an organized approach to serving clients.' View or listen to the Swift Chat interview with Claire Alexander here: 'I've had the privilege of working directly with Claire, and she is one of the most gifted operations professionals I've encountered. Claire brings structure, clarity, and momentum to every business she touches. Her ability to transform complexity into streamlined systems is exceptional,' said Scott Danner, Entrepreneur, M&A Strategist, Author, and Host of The High Performance Life Podcast. 'I fully support the launch of The Arch's Anvil and look forward to seeing the impact she will continue to make for service-based businesses across the country.' ABOUT CLAIRE ALEXANDER Claire Alexander is a seasoned operations leader with nearly a decade as a licensed financial advisor and insurance professional, distinguished by her hands-on experience in the operational trenches of thriving advisory firms. She was instrumental in scaling a financial advisory practice by building robust internal systems that contributed to $3 billion in assets under management growth in just four years. Alexander's expertise is comprehensive; she has led or managed every key department within a company, from marketing strategy and HR systems to meticulous bookkeeping, seamless client onboarding, rigorous compliance, and effective employee training. Her operational leadership extends beyond financial services to include managing multi-million-dollar construction projects, crafting systems for real estate and property management companies, and overseeing the complex operations of over 100 contractors and employees. Having personally built and scaled operational structures for multiple businesses, Alexander champions the conviction that true, lasting efficiency forms the bedrock of unstoppable growth. Through The Arch's Anvil, she brings this broad and practical expertise to service-based professionals seeking to transform their vision into a reliable, scalable business reality. ABOUT THE ARCH'S ANVIL The Arch's Anvil is a business operations platform built for service-based professionals such as financial advisors, CPAs, attorneys, real estate agents, insurance professionals, and trusted consultants — as well as other growth-minded business owners seeking to streamline client service workflows, strengthen internal operations, and achieve scalable growth. At its core is a centralized digital dashboard, allowing users to log in and access all operational resources, project deliverables, and essential documents in one secure location, replacing fragmented communications and disjointed systems with organized, accessible structure. The platform is shaped by direct industry experience and offers personalized setup and guidance to fit the unique needs of different client-focused businesses, ensuring workflows are both consistent and adaptable. The Arch's Anvil addresses challenges such as maintaining organized records, integrating tools, standardizing processes, and onboarding efficiently, ultimately enabling firms to reduce administrative friction and concentrate on delivering high-quality service. What truly sets The Arch's Anvil apart is the direct, hands-on support clients receive. Clients have direct access to its founder and benefit from weekly 1:1 strategy calls. During these calls, The Arch's Anvil breaks down the specific details of a company and focuses on the week's projects, ensuring their vision comes to life with dedicated guidance.
