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The Importance of Supply Chain Diversity in Mortgage

This past week on DS5: Inside the Industry, Michael Ruiz, Director, Supplier Diversity for Fannie Mae discussed 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 elaborated on an American Mortgage Diversity Council survey on the subject.

"Diversity and inclusion is obviously a topic of great import in the industry ... not enough attention is given to supply chain, in other words, who do we buy goods and services from? And how are those resources flowing into those targeted communities ..."

As for the survey, he says that, while some analysis is still ongoing, he and the researchers are learning more about the importance of suppliers identifying themselves (woman-owned, Black-owned, Latinx-owned business, etc.), some caveats, and what it all means for practitioners.

The full interview is below:

About Author: Christina Hughes Babb

Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Contact Christina at christina.hughesbabb@thefivestar.com.
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