The Freddie Mac Supplier Diversity program's mission is to maximize the inclusion of diverse owned businesses in the procurement of goods and services, while fostering sustainable relationships between diverse suppliers and Freddie Mac decision makers and Category Managers. The program's three principles are designed to identify and develop new or current diverse suppliers for consideration on competitive bids or single source procurement contracting opportunities with Freddie Mac.
Three Principles of Freddie Mac's Supplier Diversity Program
- Supplier Pipeline – The pipeline function focuses on the external outreach, solicitation, sourcing and identification of qualified diverse-owned businesses aligning with enterprise sourcing needs, as well as increasing the exposure of existing diverse-owned businesses to additional opportunities across the Freddie Mac supply chain.
- Supplier Development – The development function focuses on better positioning diverse-owned businesses to compete for contracts by building their capabilities through Freddie Mac-specific training, as well as increasing networking opportunities and visibility to internal decision-makers
The Supplier Academy is Freddie Mac's diverse supplier development program. The curriculum is designed to provide participants with insight to effectively do business with Freddie Mac, provide an opportunity to meet and asks category specific questions to category managers and present capabilities to category managers and decision makers.
- Supplier Engagement – The engagement function focuses on continuous monitoring, evaluation and engagement of existing diverse owned businesses, and internal decision maker
We welcome all qualified diverse suppliers to consider Freddie Mac's potential sourcing opportunities and we encourage diverse suppliers that meet the minimum qualifications to apply to our program.
If there is an immediate and relevant business need a Supplier Diversity representative will contact, you to discuss your supplier application and company profile information. Applying to our program is the first step towards your potential association with Freddie Mac, however, completing this application does not guarantee a bid solicitation or contract award.
Third party National and Regional Diverse Owned Business Certification validates that a business is at least 51 percent owned, controlled, operated, and managed by an individual that identifies with the diverse definitions below. To ensure representation, please provide this information when completing your Supplier Application.
There are many benefits to being certified by a third-party organization, but certification may not be the best option for every business. Freddie Mac accepts Self-Certification. When completing your Supplier Application, please select your diverse classification and select Self-Certification. If there is an immediate and relevant business need a Supplier Diversity representative will contact, you to discuss your supplier application and work with our Enterprise Supply Chain to complete a Self-Certification Affidavit.
REO Vendors: To learn more about selling or servicing HomeSteps properties and other related opportunities, visit the HomeSteps website or Contact HomeSteps.
These requirements may vary by product and service type.
- Been in business for at least five years
- Have an established place of business
- Maintain at least three W-2 employees
- Provide revenue for the current year, upon request
- Provide W-9 form and certificate of insurance, upon request
- Qualify as a diverse supplier based on the Diverse Definitions
The Freddie Mac Supplier Diversity team actively seeks diverse suppliers through participation in national and regional advocacy groups. We are proud to be a part of the following organizations:
- National Minority Supplier Development Council
- Capital Region Supplier Development Council
- Women's Business Enterprise National Council
- Women's Business Enterprise Council Greater DMV
- National Gay and Lesbian Chamber of Commerce
- Financial Services Roundtable for Supplier Diversity
- Qualified as a Service-Disabled Veteran-Owned Small Business Concern as defined in 13 C.F.R. §§ 125.8-125.13; or
- More than 50 percent of the ownership or control of which is held by one or more persons with a disability; and
- More than 50 percent of the net profit or loss of which accrues to one or more persons with a disability.
- Disability has the meaning defined in 29 C.F.R. § 1630.2(g), § 1630.3 and Appendix to Part 1630 - Interpretive Guidance on Title I of the Americans with Disabilities Act.
Lesbian, Gay, Bisexual and Transgender-Owned Business (LGBT-Owned Business):
- At least 51 perc ent of which is owned, operated, managed and controlled by one or more gay, lesbian, bisexual or transgender persons who are either United States citizens or lawful permanent residents;
- That exercises independence from any non-gay, lesbian, bisexual or transgender-owned business enterprise;
- With its principal place of business (headquarters) in the United States; and
- Formed as a legal entity in the United States.
- This definition is from the National Gay and Lesbian Chamber of Commerce.
- More than 50 percent of the ownership or control of which is held by one or more minority individuals; and
- More than 50 percent of the net profit or loss of which accrues to one or more minority individuals.
- Minority means any Black (or African) American, Native American (or American Indian), Hispanic (or Latino) American, or Asian American.
Service-Disabled Veteran-Owned Business:
- Not less than 51 percent of which is owned by one or more service-disabled veterans or, in the case of any publicly owned business, not less than 51 percent of the stock of which is owned by one or more service-disabled veterans; and
- The management and daily business operations of which are controlled by one or more service-disabled veterans or, in the case of a veteran with a permanent and severe disability, a spouse or permanent caregiver of such veteran.
- Service-Disabled Veteran owned business has the meaning described by the United States Department of Veterans Affairs at www.vip.vetbiz.gov or www.vets.gov.
Veteran -Owned Business:
- A veteran owns 51 percent or more of the company being registered.
- A veteran is the highest-compensated individual in the company (or include a memorandum that explains why you are not).
- A veteran is involved directly in the day-to-day operations of the company as well as strategic decisions.
- A veteran holds the highest officer position in the company.
- Veteran-owned business has the meaning described by the United States Department of Veterans Affairs at www.vip.vetbiz.gov or www.vets.gov.
- More than 50 percent of the ownership or control of which is held by one or more women;
- More than 50 percent of the net profit or loss of which accrues to one or more women; and
- A significant percentage of senior management positions of which are held by women.
- Consulting and Professional Services: Business Process Development, Auditing, Legal Services, Advisory & Strategy Management Consulting
- Data Services: Market Data Services Valuation Services, Financial Software
- Corporate Services: Facilities and Building Equipment Maintenance
- Emerging Technologies: Software, Hardware, Application Development
- Marketing: Design Services, Market Strategy Services
- Financial Services: Banking and Investment Services, Auditing, Risk Management