An analysis of 2010 expenditures for REO Allegiance reveals that the property preservation and eviction field services provider spent 42% of its revenue on minority- and women-owned contractors.
Lisa Sadaoui, president and CEO of certified women-owned REO Allegiance, said the provider does not look to spend a certain percentage of its expenditures on specific diversities, but it becomes a “naturally intrinsic and inherent part of our organizational identity and makeup.”
She added that, “These are the professionals that live and work where the REO is and they deserve to have an opportunity to earn this business. The firms we work with must first and foremost pass our high standards and offer the industry’s best service. Partnering with strong minority- and women-owned businesses is organic to our company culture.”
Since REO Allegiance, Bayonne, N.J., is a certified women-owned business, 100% of revenue spent on the company by its clients is already counted as diversity spending.
Meanwhile, while the provider works with these businesses, it remains compliant with the office of minority and women inclusion that is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act signed in July 2010.
“Tracking every single aspect of our business is important to our clients, many of whom are working diligently to expand their own diversity programs to meet the new standard,” Sadaoui said. “Our diversity spend record provides them with tangible evidence that those efforts are in fact bringing about the desired outcome.”
