American Mortgage Diversity Council Selects Key Leaders

The American Mortgage Diversity Council (AMDC) has announced the appointment of a new nine-member Executive Council that includes representatives from government and the private sector who work in the mortgage industry.

The AMDC was formed in June 2015 as an independent organization with the purpose of advancing the conversation of diversity and inclusion across the mortgage industry. The AMDC is focused on shaping the diversity agenda while advancing solutions that support a broad range of diversity initiatives.

“We have been with the AMDC since its initial formation and have seen the growth and impact the organization has had across the industry. Having strong leaders who support what the AMDC stands for—creating an industry that is inclusive of all—is vital to the future of the industry we serve.” said AMDC Co-Chairs Michael Ruiz, Director of Supplier Diversity at Fannie Mae and Jay Inouye, Director of Vendor Diversity at Freddie Mac, in a joint statement.

The AMDC’s Executive Council will establish bylaws and objectives as well as review proposals of interest and establish the organization’s course for leadership and objectives.

Other roles of the Executive Council include leading the AMDC’s membership, providing structure for the upcoming year, and addressing pressing diversity issues.

The AMDC’s Executive Council consists of the following members:

  • Co-Chairman – Jay Inouye, Freddie Mac
  • Co-Chairman – Michael Ruiz, Fannie Mae
  • Council Member – Ray Barbone, BankUnited
  • Council Member – Charmaine Brown, Fannie Mae
  • Council Member – Dana Dillard, Nationstar Mortgage
  • Council Member – Lola Oyewole, Ocwen Corporation
  • Council Member – Doris Raimundi, U.S. Bank
  • Council Member – Stephanie Roemer, Freddie Mac
  • Council Member – Steve Thomas, Federal Home Loan Bank of Chicago

Bios for Executive Council members are available at Roles are effective immediately.

The seats on the Executive Council will have variable one- and two-year terms to allow for open elections; the first election cycle will begin in February 2018. Any member of the AMDC is eligible to run for election to the Executive Council.

In October, the AMDC launched its mortgage industry Diversity & Inclusion Directory. The directory is a collection of company profiles that are minority, women, veteran, disabled, LGBT owned or operated, or diverse in other areas. The directory gives companies one central location to search diverse vendors locally or nationally for the services they need in many different categories, including legal, property preservation, valuations, title, loss mitigation, and more.


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