Ranieri received the Distinguished Industry Service Award from the American Securitization Forum in 2005 and has participated in the National Association of Home Builders Mortgage Roundtable since 1989.[18] Ranieri has also been inducted into the National Housing Hall of Fame and received the Lifetime Achievement Award given by the Fixed Income Analysts Society, Inc. In 2012, St. John's University awarded Ranieri the Spirit of Service award for his work with Tomorrow's Hope Foundation and his dedication to serving others.