June 24, 2021

MP Now News

Mortgage News

The Importance of Supply Chain Diversity in Mortgage

This last week on DS5: Insight into the industryMichael Ruiz, Director, Supplier Diversity at Fannie Mae, spoke about a lesser-known area of ​​diversity and inclusion in the mortgage industry – “the peculiar world of supply chain diversity,” as he puts it. He also conducted a survey by the American Mortgage Diversity Council on the subject.

“Diversity and inclusion are obviously an issue of great concern in the industry… insufficient attention is paid to the supply chain, ie from whom do we buy goods and services? And how do these resources flow into these target groups. .. “

Regarding the survey, he says that while some analysis is still ongoing, he and the researchers are learning more about the importance of having suppliers (female-owned, black-owned, Latinx companies, etc.), and what it all means for practitioners.

The full interview is below: