Most Diverse Mortgage Employers

Black Collegian ranks companies by diversity
By MortgageDaily.com staff
12/20/2005

Several mortgage-related companies were recently recognized as being among the most-diverse employers.

The top real estate finance-related company was residential mortgage-backed securities player Goldman Sachs, which won the bronze medal among all companies on the Top 100 Diversity Employers 2005 list released by The Black Collegian Online. The cyberspace partner of The Black Collegian Magazine reportedly provides information on career resources for black collegians.

Citigroup, parent of CitiMortgage and subprime lender CitiFinancial, placed sixth on the ranking, followed by Chase Home Finance parent JPMorgan Chase at No. 10.

The top 20 diversity employers included Merrill Lynch, which announced in March it would offer jumbo mortgages on a correspondent basis, at No. 13, followed by Morgan Stanley in 14th place, Bank of America in spot No. 16. and General Electric, parent of nonprime lender WMC Finance Co., at No. 20.

The second quarter of the list included American Express at No. 28, Lehman Brothers in No. 39, GMAC Mortgage parent General Motors in 47th place, and Deutsche Bank at No. 50.

The last half of the list included Bear Stearns, Wachovia, Credit Suisse First Boston, which recently acquired the servicing rights of the company formerly known as Fairbanks Capital Corp., HSBC and Capital One.

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