Diverse Suppliers

PrintEmail
Diverse Suppliers

Diversity Qualification for Suppliers

Fannie Mae welcomes all qualified diverse suppliers to register for potential sourcing opportunities. To qualify as a diverse supplier, registrants must meet the following requirements:

1. Confirm that your company provides goods or services that Fannie Mae purchases.

2. Meet Fannie Mae's Minimum Supplier Qualifications listed on the Supplier Registration page.

3. Meet the definition of a diverse supplier

Or, if you are a business that is not minority-owned, women-owned, or disabled-owned, you may also satisfy diverse consideration requirements by proposing and delivering diverse teams (consisting of minorities, women, and individuals with disabilities) to perform Fannie Mae work.

Equal Opportunity in Employment and Contracting (PDF)

 4. Provide proof of diversity status in the on-line application. This can be done through self certification or certification by a third party agency.  Once the forms are completed, please attach the PDF to ProcureOne.  This is completed within the supplier profile, in the credentials tab, under “add document diversity credentials”.  A profile must be created before you can upload any documents.

 5. Register online

Minority-Owned Business means a business – and includes financial institutions, mortgage banking firms, investment banking firms, investment consultants or advisors, financial services entities, asset management entities, underwriters, accountants, brokers, brokers-dealers, and providers of legal services – in which

  • More than 50 percent of the ownership or control is held by one or more minority individuals.
  • More than 50 percent of the net profit or loss accrues to one or more minority individuals.

Women-Owned Business means a business – and includes financial institutions, mortgage banking firms, investment banking firms, investment consultants or advisors, financial services entities, asset management entities, underwriters, accountants, brokers, brokers-dealers, and providers of legal services – in which

  • More than 50 percent of the ownership or control is held by one or more women.
  • More than 50 percent of the net profit or loss accrues to one or more women.
  • A significant percentage of senior management positions are held by women.

Disabled-Owned Business means a business – and includes financial institutions, mortgage banking firms, investment banking firms, investment consultants or advisors, financial services entities, asset management entities, underwriters, accountants, brokers, brokers-dealers, and providers of legal services – qualified as a Service-Disabled Veteran-Owned Small Business Concern as defined in 13 CFR 125.8 through 125.13, or in which

  • More than 50 percent of the ownership or control is held by one or more persons with a disability.
  • And more than 50 percent of the net profit or loss accrues to one or more persons with a disability.

Veteran-Owned Business
The term "small business concern owned and controlled by veterans" refers to a small business concern:

  • Not less than 51 percent of which is owned by one or more 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 veterans.
  • And the management and daily business operations of which are controlled by one or more veterans.

The term veteran was taken from section 101(2) of title 38, U.S. Code.

Note: The definition above was taken from the U.S. Department of Veterans Affairs. The definition is subject to change. For the most current definition, please reference their website at http://www.vetbiz.gov/.

Small Business
A small business is one that is independently owned and operated and which is not dominant in its field of operation. The law also states that in determining what constitutes a small business, the definition will vary from industry to industry to reflect industry differences accurately. SBA's Small Business Size Regulations implement the Small Business Act's mandate to SBA. SBA has also established a table of size standards, matched to the North American Industry Classification System (NAICS) industries.

Note: The definition above is from the U.S. Small Business Administration. The definition is subject to change. For the most current definition, please reference their website at http://www.sba.gov/.

8(a) Business
The term 8(a) refers to a business that is at least 51 percent owned by U.S. citizens who are found to be socially and economically disadvantaged, and the business must be managed and controlled by disadvantaged individuals. For the 8(a) Disadvantaged Business program, the business must also demonstrate potential for success and the business itself and its principals and owners must demonstrate good character.

Note: The definition above is from the U.S. Small Business Administration. The definition is subject to change. For the most current definition, please reference their website at http://www.sba.gov/.

HUBZone Business
The HUBZone Empowerment Contracting Program stimulates economic development and creates jobs in urban and rural communities by providing federal contracting preferences to small businesses. These preferences go to small businesses that obtain HUBZone (Historically Underutilized Business Zone) certification in part by employing staff who live in a HUBZone. The company must also maintain a principal office in one of these specially designated areas. The program resulted from provisions contained in the Small Business Reauthorization Act of 1997.

Note: The definition above is from the U.S. Small Business Administration. The definition is subject to change. For the most current definition, please reference their website at http://www.sba.gov/

Historically Black Colleges and Universities and Minority Institutes
This term refers to any historically black college or university that was established prior to 1964, whose principal mission was, and is, the education of African Americans; and that is accredited by a nationally recognized accrediting agency or association determined by the Secretary [of Education] to be a reliable authority as to the quality of training offered; or that is, according to such an agency or association, making reasonable progress toward accreditation. HBCUs offer all students, regardless of race, an opportunity to develop their skills and talents. These institutions train young people who go on to serve domestically and internationally in their professions as entrepreneurs and in the public and private sectors.

Note: The definition above is from the U.S. Department of Education. The definition is subject to change. For the most current definition, please reference their website at http://www.ed.gov/

Gay-, Lesbian-, Bisexual-, and Transgender-Owned Business
The following are required for certification as a GLBT. Your business must

  • Not less than 51 percent owned, operated, managed, and controlled by a GLBT person or persons who are either U.S. citizens or lawful permanent residents.
  • Exercise independence from any non-GLBT business enterprise.
  • Have its principle place of business (headquarters) in the United States.
  • Have been formed as a legal entity in the United States.

Note: The definition above is from the National Gay and Lesbian Chamber of Commerce. The definition is subject to change. For the most current definition, please reference their website at http://www.nglcc.org/.