For many organizations, the process of obtaining certification as a Woman-owned Business Entity or a Minority-owned business entity may not be entirely clear. To alleviate the pain of obtaining these certifications and more, The Supply Chain Subcommittee of the American Mortgage Diversity Council [1] (AMDC), chaired by Edmond Buckley of Aspen Grove Solutions, built a simple reference guide to aimed at those attempting to gain certification under one the the recognized categories. This guide gives organization the info they need to navigate the regulatory framework upon which the practices of supply chain diversity are built. The guide lays out the specific procedures and documentation requirements for many of the mortgage industry’s most common certifications.
Recognized diversity certification categories include, in addition to the two mentioned previously: HBCU or Minority Institute, 8(a)-Classification, Small Business Entity, Service Veteran-owned, LGBT-Owned, and Historically Underutilized Business Zones. Each section of the guide details the requirements for these categories of certification.
Included in the AMDC book is information on Diversity Status Regulation, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and the Housing and Economic Recovery Act of 2008.
The AMDC is committed to promoting diversity and inclusion throughout the mortgage industry, providing a platform for collaboration of mortgage industry leaders for the advancement of diversity and inclusion dialogue.
Upcoming AMDC events include the AMDC Member Meeting during the Five Star Conference and Expo, at the Hyatt Regency in Dallas. The meeting will be held on September 17, and members will be provided with subcommittee updates and be given the chance to discuss methods of advancing diversity within the mortgage industry. Fore more information on the Member Meeting and to find other events, click here. [2]
For more information on the Five Star Conference and to register click here. [3]
The complete Supply Chain Diversity Guide can be viewed here. [4]