MBA Joins Commercial Real Estate Diverse Supplier Consortium

The Mortgage Bankers Association and six real estate trade associations on Wednesday announced a first-of-its-kind alliance to foster supplier diversity in real estate.

The Commercial Real Estate Diverse Supplier (CREDS) Consortium will expand economic opportunities for minority- and women-owned businesses in the chain of providers that supply the real estate industry.

“The Commercial Real Estate Diverse Supplier Consortium is a great resource for expanding DEI and ESG opportunities in the real estate finance industry. Our members will benefit from the consortium’s work to identify minority- and women-owned suppliers that provide essential products and services. MBA and its members are dedicated to supporting and promoting supplier diversity,” said Bob Broeksmit, CMB, MBA President and CEO.

The CREDS Consortium has launched a two-year pilot program that will run through the end of 2024 with SupplierGATEWAY, a leading supplier management software platform and minority-owned firm that automates and simplifies supplier and vendor management. SupplierGATEWAY’s products include supplier sourcing, registration, risk management, compliance, and management—and provide support for corporate responsibility, diversity, and inclusion goals.

In addition to MBA, associations participating in the CREDS Consortium include CREW Network, ICSC, NAIOP, Nareit, National Multifamily Housing Council, and The Real Estate Roundtable.

To learn more about the CREDS Consortium, click here.