Flagstar Bank has received the 2017 Residential Diversity & Inclusion award from the Mortgage Bankers Association. Flagstar won in the category of organizational diversity and inclusion for companies with more than 1,000 employees. The other award category was for market outreach strategies.
The Organizational Diversity & Inclusion award recognizes company initiatives that were developed to increase diversity and inclusion within the leadership and employee base of member companies, thus fostering a mortgage banking industry that better reflects and understands its customers.
Flagstar Bank was cited for its numerous D&I initiatives, including across the board training, clear goals and metrics for success based on five distinct “pillars” of diversity and inclusion, mentorship, and action diversifying its corporate board.
“This award reflects the progress we’ve made and the efforts of all our team members in advancing Flagstar’s diversity and inclusion strategy,” said Zahira Gonzalvo, senior vice president and director, Enterprise/Organizational Risk, who leads Flagstar’s diversity and inclusion initiative. “I look forward to the future expansion of Flagstar’s diversity efforts through our employee resource groups that will put D&I into action throughout the company.”
Two groups of judges from MBA’s Diversity and Inclusion Committee and MBA staff scored company initiatives. Ratings were based on several characteristics, including identification of annual goals, demonstration of a tangible benefit to participants and the company, innovative program approaches, and success in broadening the organization’s culture.