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#LeadingTheWay

Advancing Women in the Mortgage Industry

Freddie Mac is #LeadingTheWay in the mortgage industry by advancing women to leadership positions and championing women’s rights in the workplace.

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Facts

While we've made great strides in our industry, we need to do more to make our workplaces as equal a playing field and as full of opportunities for women as possible. Consider these facts and figures, which point to the need for a stronger focus on female leadership.

  • 50% of Freddie Mac employees are women
  • Despite a lot of effort, most financial services companies are stuck below 25 percent female representation at the top
  • Getting more women to the top, as key decision makers and influencers, requires first identifying, developing and then promoting potential leaders. Just 33% of female and 58% of male financial services leaders believe their organization is effective at promoting women into leadership positions.
  • While 72% of women feel their gender is the single biggest under-utilized pool of talent, only 54% of men agree
  • Women are significantly better represented at support staff and professional levels than at senior manager or executive levels.
  • Only 17% of banking and insurance leaders expect to see a significant increase in the number of women in leadership roles in the next five years.
  • Women are dramatically outnumbered in senior leadership.
  • Women are less likely to be hired into manager-level jobs, and they are far less likely to be promoted into them.
  • Fortune magazine reported on research that women-led companies perform three times better than the S&P 500.
  • 50% of Freddie Mac employees are women
    Despite a lot of effort, most financial services companies are stuck below 25 percent female representation at the top
  • Getting more women to the top, as key decision makers and influencers, requires first identifying, developing and then promoting potential leaders. Just 33% of female and 58% of male financial services leaders believe their organization is effective at promoting women into leadership positions.
    While 72% of women feel their gender is the single biggest under-utilized pool of talent, only 54% of men agree
  • Women are significantly better represented at support staff and professional levels than at senior manager or executive levels.
    Only 17% of banking and insurance leaders expect to see a significant increase in the number of women in leadership roles in the next five years.
  • Entrepreneur magazine reported that it would be better for all parties involved in more women started leading businesses. This isn’t only true because of the millions of successful, talented and intelligent women that are in the market today, but it is true because studies have found that women are actually more logical and more reasonable than men, meaning they have just what it takes to lead some of today’s biggest financial companies.
  • Women are dramatically outnumbered in senior leadership.
    Women are less likely to be hired into manager-level jobs, and they are far less likely to be promoted into them.

#LeadingtheWay at Freddie Mac

Meet some of the Freddie Mac senior executives who are leading the way at Freddie Mac.

  • Chris Boyle

    Chris Boyle

    Chief Client Officer
    Single-Family Office of the Client

    Chris Boyle

    Chief Client Officer
    Single-Family Office of the Client

    Chris Boyle is charged up as she talks about championing women in the industry. "Historically, financial services has been more male-dominated, more than some other businesses, and women in the mortgage industry have definitely faced challenges," she says. "But the landscape is changing for the better."

    More about Chris

  • Donna Corley

    Donna Corley

    Senior Vice President, Division Chief Risk Officer
    Single-Family Division

    Donna Corley

    Senior Vice President, Division Chief Risk Officer
    Single-Family Division

    For someone who's become such a role model to others within Freddie Mac, Donna Corley credits her role model with helping her find her way in business. A 23-year Freddie Mac veteran, she's motivated by supporting other women industry leaders through mentoring.

    More about Donna

  • Terri Merlino

    Terri Merlino

    Chief Credit Risk Officer

    Terri Merlino

    Chief Credit Risk Officer

    Based on her observations and personal experience as a 25-year mortgage industry veteran, Terri Merlino has advice for women who want to advance in the workplace, including stop thinking you have work-life balance every day or every week. She thinks that if you approach it that way, it can be overwhelming and you will feel you are doing something wrong. There are times when work demands more of your time and you have to feel good about that. And there are times when family demands more of your time, and you should feel good about that, too.

    More about Terri

  • Riham El-Lakany

    Riham El-Lakany

    Chief Marketing and Communications Officer
    Single-Family Office of the Client

    Riham El-Lakany

    Chief Marketing and Communications Officer
    Single-Family Office of the Client

    Riham El-Lakany supports women industry leaders through advocacy, networking, mentoring and participating in groups such as WIN, the employee resource group focused on expanding opportunities for women at Freddie Mac. She also advocates for more work-life balance through alternative work arrangements, which Freddie Mac is offering more and more, as well as for increasing women’s executive management training.

    More about Riham

  • Jacqueline Welch

    Jacqueline Welch

    Chief Diversity Officer and Head of Human Resources, Diversity and Inclusion

    Jacqueline Welch

    Chief Diversity Officer and Head of Human Resources, Diversity and Inclusion

    "I firmly believe that a company is only as good as its people. Freddie Mac is no different," says Jacqueline "Jacqui" Welch. "It is vitally important that we enable our diverse perspectives to drive the achievement of our twin goals of building a better company and a better housing finance system."

    More about Jacqueline

  • Kunkun Callaghan

    Kunkun Callaghan

    Senior Vice President, Enterprise Business Technology Officer
    Freddie Mac Single-Family Division

    Kunkun Callaghan

    Senior Vice President, Enterprise Business Technology Officer
    Freddie Mac Single-Family Division

    "I want to see more women break away from the perceptions of what we can and can't do," says Kunkun Callaghan. "For example, let's reevaluate our perceptions of our own skills. Too many women don't think that they can be technical or make the kind of tough decisions you must make to be effective leaders."

    More about Kunkun

  • Yvette Gilmore

    Yvette Gilmore

    Vice President, Servicer Relationship
    and Performance Management
    Single-Family Portfolio Management

    Yvette Gilmore

    Vice President, Servicer Relationship
    and Performance Management
    Single-Family Portfolio Management

    Yvette Gilmore is chair of WIN, the employee resource group focusing on expanding opportunities for women at Freddie Mac. She works to provide mentoring, development and networking opportunities, and thinks of all three as essential for empowering more women leaders.

    More about Yvette

  • Kevin Palmer

    Kevin Palmer

    Senior Vice President
    Single-Family Portfolio Management

    Kevin Palmer

    Senior Vice President
    Single-Family Portfolio Management

    "Different perspectives, different people and different ideas all make an organization better," says Kevin Palmer. "I think the biggest way male leaders can help advance women in the industry is by embracing differences and recognizing how good female leaders are for our organization. I want us to support diverse perspectives – even help to bring them out in women who might be reluctant to speak out – and recognize that these diverse perspectives are helping us grow as people and as a company."

    More about Kevin

  • Danny Gardner

    Danny Gardner

    Senior Vice President
    Single-Family Affordable Lending and Access to Credit

    Danny Gardner

    Senior Vice President
    Single-Family Affordable Lending and Access to Credit

    "In my world of affordable lending, we often try to teach people about cultural identity," says Danny Gardner. "When you're trying to appeal to and advance certain segments, it's important for the people in charge to build foundations and create norms to make it easier for the next generation. To better support women, leaders have to move beyond preconceived limitations of established male structure and that proverbial glass ceiling."

    More about Danny

  • David Lowman

    David Lowman

    Executive Vice President
    Single-Family Business

    David Lowman

    Executive Vice President
    Single-Family Business

    Ever since joining Freddie Mac in 2013 as executive vice president for the Single-Family business, Dave Lowman has championed the advancement of women leaders within the company. Several women executives specifically cite him as the boss who saw their potential, took a chance and promoted them to higher positions within his leadership team.

    More about David

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Upcoming Events

Freddie Mac is #LeadingTheWay at events around the country. Here's where we'll post about upcoming events and how you can be a part of them.

Past Events

Check out a few of our recent events on our Past Events page.

News

May 7, 2019

Jacqui Welch Earns the CHRO of the Year Award and Delivers the HRO Today Forum Keynote, from HRO Today Forum.

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March 7, 2019

Chief Client Officer Chris Boyle on how Freddie Mac is leading the way for women in real estate, from Boston Agent Magazine.

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February 11, 2019

Yvette Gilmore, vice president of Servicer Relationship and Performance Management, was named by MReport as a Top 25 Industry Leader and Influencer.

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December 3, 2018

Chris Boyle, chief client officer and head of Single-Family's Office of the Client, was named winner of HousingWire's 2018 Vanguard Award.

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