A group of financial industry players — including mortgage servicers and credit unions — are joining together to form a new coalition promoting workforce diversity.
Launched Friday, the Council for Inclusion in Financial Services started out by creating a diversity and inclusion self-assessment tool, as well as an online portal, to simplify the search for vendors who have been certified for taking inclusionary policies.
"There are so many initiatives to try and address what is clearly an important issue of our time, that it just makes good sense to have everyone come together and streamline our efforts," said Cheryl Travis-Johnson, the executive vice president of VRM University, an affiliate of VRM Mortgage Services that is spearheading the new effort.
"The CIFS is developing financial industry-related solutions to acknowledge and resolve an industry challenge," added Travis-Johnson, who is a founding board member of the new organization.
CIFS will also include an advisory board that could comprise up to 40 members, including credit union heads and past presidents of the U.S. Foreclosure Network.
Eventually, the organization also plans to create a portal in which companies could share sourcing queries and job postings.