Strength Through Diversity and Inclusion
Decades of research shows the power of diversity to drive innovation and yield competitive advantage in the workplace. In fact, diverse companies outperform industry norms by as much as 35 percent.1
In Freddie Mac’s Multifamily division, we make diversity and inclusion a top priority—first and foremost, because it’s smart business. Different perspectives help transform our work to create opportunities for the nation’s renters and strengthen our communities.
A diverse multifamily team recently launched our innovative Freddie Mac Multifamily Green AdvantageSM initiative. Our team’s creative solutions are helping renters save money on their utilities while improving the nation’s aging workforce housing and the environment.
Each year, we create a plan to embed diversity and inclusion throughout our business. Recent highlights include:
- Increasing minority and woman-owned business participation in our K-Deal and SB-Deal securitization programs
- Developing the next wave of leaders for success in the multifamily business. At our NextGen seminar, more than 100 diverse entry-level professionals took part in a three-day program to learn more about leadership, our culture and business
- Promoting the exchange of ideas through our annual Customer Conference diversity panels
- Providing speaking and leadership opportunities for more than 200 employees at diverse levels from across the organization.
- Supporting the company’s autism hiring program by hiring interns and full-time employees on the autism spectrum
- Our top executives promote diversity and inclusion by serving as sponsors of several of Freddie Mac’s Employee Resource Groups and diversity programs, such as our Hispanic network HOLA, the Women’s Interactive Network (WIN), the Military Appreciation group, and our Multifamily Women in Real Estate cohort.
We continue to make strides hiring and promoting diverse employees with a wide range of backgrounds and experience, as reflected in recent promotions to our officer level.
A number of organizations like the Mortgage Bankers Association have recognized us for our diversity and inclusion efforts.
We’re grateful for the diversity that makes us a stronger company, fuels innovation and supports our efforts to make home possible and affordable for America’s renters.
Vice President, Production & Sales
“Diversity of thought and experience is essential to being innovative, creative and effective. While I have a lot of unique work experience, I don’t have the typical multifamily background. Yet I was asked to join the team as an officer and given the chance to learn something new because our leadership recognizes this important fact: When your team has varied backgrounds and looks at things through a different lens, we’re stronger as a company.”
Director, Multifamily Underwriting and Credit
“I help develop and refine many of our new offerings. At Freddie Mac I’ve witnessed that diversity across many dimensions such as ethnicity, gender, cultures, backgrounds and experiences leads to a more creative and thoughtful business. Our ability to take advantage of our diversity to create an effective business ultimately better serves the housing needs of a diverse America.”
Vice President, Multifamily Loan Servicing
As a newly-promoted Vice President of Loan Servicing for Freddie Mac Multifamily, Carl now manages a team of more than 80 that performs loan administration and services the loans we purchase.
“ ‘We’ is better than ‘me’. In my career, I can’t tell you how many times I’ve had to stop or correct myself, and give room for different voices and diverse folks to develop their own way of getting the job done. While efficiency is important, sometimes the journey and the camaraderie is just as important as what is delivered. When we can step back and allow a diversity of ideas, you can almost always count on a product or deliverable that is ‘owned’ by the team and recognizes the contributions of all involved. This builds strong teams and organizations that accomplish much in making home possible and affordable for renters.”
1McKinsey and Company, Diversity Matters 2015