Fannie Mae's Corporate Procurement office is the central purchasing office for the company. We value strong relationships with our suppliers and have an active program of inclusion for women and minorities and women- and minority-owned businesses. Through competition between our suppliers, we can best serve our business partners and communities. Consequently, we strive to maintain relationships with suppliers of impeccable integrity and business practices who provide Fannie Mae with quality products and services for excellent value.

Expectations of Our Suppliers

Fannie Mae expects the following from its suppliers:

• High quality goods, services, procedures and processes
• Inclusion and utilization of minorities and women, to the maximum extent possible at all levels of service
• Strategic differentiation in competitive price offerings
• Timely and accurate delivery of goods and services
• The highest possible standards of business ethics and professional courtesy
• Strict adherence to Fannie Mae's Service Requirements for Contractors and Consultants
• Professional customer service
• Continuous improvement

Inclusion Requirements in the Housing and Economic Recovery Act of 2008 (HERA)

Fannie Mae has long standing success in supplier diversity and has received recognition annually for our program, notably as one of the Top 50 Corporations for Multicultural Business Opportunities in 2008 as awarded by DiversityBusiness.com.

In 2008, Congress passed legislation -- the Housing and Economic Recovery Act (HERA) -- aimed at enhancing the utilization of minorities and women as service providers to entities like Fannie Mae. HERA has allowed Fannie Mae to expand its diversity outreach efforts to minority individuals and women, as well as to a broader group of minority- and women-owned businesses.

In making the selection of service providers, Fannie Mae will seek the most qualified bidder and the diversity of the bidders will be a component in the evaluation process. This component will be assessed by reviewing the minority-/women-owned status of the businesses that are bidding for the work.

To be considered a minority-owned business, the business must have more than 50 percent of the ownership or control held by 1 or more minority individuals; and more than 50 percent of the net profit or loss accruing to 1 or more minority individuals. A woman-owned business must meet the same two requirements previously listed for minority-owned business, except as they apply to women. In addition, a women-owned business must have a significant percentage of its senior management positions held by women.

Fannie Mae continues to maintain our commitment to small business, 8(a) businesses, veteran or disabled owned businesses, Gay, Lesbian, Bisexual and Transgender (GLBT) businesses, as well as HUBZone businesses, and Historically Black Colleges and Universities and Minority Institutes.

What Does Fannie Mae Purchase?

Fannie Mae purchases a variety of products and services. Be sure that your company's offerings are on the list of Products and Services that Fannie Mae purchases before registering as a prospective Fannie Mae supplier. Also check and see whether your company meets our Minimum Supplier Requirements.

Learn about Supplier Diversity at Fannie Mae.