2024-11-14T12:33:11-06:00 2023-12-31 431540459 SCHMERSAHL TRELOAR & COMPANY PC 10805 SUNSET OFFICE DRIVE SUITE 400 SAINT LOUIS MO 631271028 990 2023-01-01 043601831 AMERICAN LEGAL & FINANCIAL NETWORK C/O SCHMERSAHL TRELOAR & COMPANY PC AMER 3149662727 10805 SUNSET OFFICE DRIVE 400 ST LOUIS MO 63127 MATTHEW BARTEL PRESIDENT AND CEO 3149662727 2024-11-14 1 1 ROGER G TOENNIES CPA P00019708 3149662727 2024-11-14 2023 2024-10-15 13:58:12Z MATTHEW BARTEL 10805 SUNSET OFFICE DRIVE 400 ST LOUIS MO 63127 1577408 0 X WWW.ALFN.ORG X 2001 MO SERVING LEGAL/RESIDENTIAL MORTGAGE BANKING PROFESSION VIA LEADERSHIP, ADVOCACY, ED & PROF DEV 9 9 3 600 0 0 28000 0 1166574 1577395 344 12 0 1 1194918 1577408 0 0 0 0 393004 472407 0 0 0 834538 1130028 1227542 1602435 -32624 -25027 834415 749504 102893 43009 731522 706495 X ALFN IS A NATIONAL NON-PROFIT MEMBERSHIP-BASED TRADE ASSOCIATION SERVING THE FINANCIAL SERVICES INDUSTRY. OUR MISSION IS TO SERVE OUR MEMBERS THROUGH LEADERSHIP, EDUCATION, ADVOCACY, AND PROFESSIONAL DEVELOPMENT. SEE SCHEDULE O FOR MORE INFO.ALFN HAS MEMBERSHIP OPPORTUNITIES FOR LAW FIRMS, FORECLOSURE TRUSTEES, VENDORS (INDUSTRY SERVICE PROVIDERS), MORTGAGE SERVICERS & GSE'S. OUR LARGEST MEMBERSHIP SEGMENT CONSISTS OF LAW FIRMS AND FORECLOSURE TRUSTEES WHOSE PRIMARY BUSINESS IS REPRESENTING THE INTERESTS AND NEEDS OF THE FINANCIAL SERVICES INDUSTRY, AND PROVIDING BEST OF CLASS LEGAL SERVICES TO THEIR CLIENTS. 0 0 EVENTS AND EDUCATION:THE ORGANIZATION AND ITS MEMBERS STRIVE TO BE THE RECOGNIZED LEADER OFLEGAL EDUCATION IN THE FINANCIAL SERVICES INDUSTRY. IN 2023 WE HELD 4 LIVE IN-PERSON EVENTS, 13 WEBINARS, AND OTHER ONLINE PRESENTATIONS WITH ALFN COMMITTEES. OUR ONLINE PRESENTATIONS ARE RECORDED AND MADE AVAILABLE ON-DEMAND. ALL OF OUR EVENTS ARE CONDUCTED TO CONTINUE OFFERING OUR MEMBERS AND CLIENTS WITH EDUCATIONAL AND NETWORKING OPPORTUNITIES. SEE SCHEDULE O FOR MORE INFO. ADVOCACY AND INDUSTRY LEADERSHIP:ALFN SUBMITTED AMICUS BRIEFS ON ISSUES THAT IMPACT OUR MEMBERS AND INDUSTRY CLIENTS. THE ALFN CONTINUES TO WORK WITH SERVICERS AND GSE'S TO MAINTAIN STRONG RELATIONSHIPS WITH OUR CLIENTS AS THEY ASSIST US TO ENSURE THAT THE EFFORTS AND DIRECTION OF ALFN REMAINS CONSISTENT WITH THEIR UNIQUE INDUSTRY NEEDS. ALFN CONTINUES TO GROW AND DEVELOP OUR STRATEGIC RELATIONSHIPS WITH INFLUENTIAL INDUSTRY LEADERS. SEE SCHEDULE O FOR MORE INFO.WE HAD DISCUSSIONS WITH THE CFPB REGARDING OUR DRAFT SAFE HARBOR LETTER TO PROPOSE CHANGES THAT WORK FOR THE MORTGAGE DEFAULT INDUSTRY. WE CONTINUED OUR OUTREACH TO FANNIE MAE AND FREDDIE MAC TO CONTINUE ADVOCATING FOR THE NEEDS OF OUR COLLECTIVE MEMBERS. WE PROVIDED A COMMENT LETTER TO FANNIE MAE REGARDING THE CHANGES TO THE FANNIE MAE GUIDELINES REGARDING MINIMUM ATTORNEY QUALIFICATIONS. ALFN CONTINUES TO MAINTAIN A DIRECT SOURCE REO CLOSING AND TITLE REFERRAL PROGRAM WITH REO NATIONWIDE THAT CONTINUES TO FUNNEL REO CLOSING AND TITLE BUSINESS TO ATTORNEY MEMBERS OF THE ALFN. MORTGAGE SERVICERS CONTINUE TO SEEK REFERRALS THROUGH THE ALFN MEMBER NETWORK, AND PEER-TO-PEER NETWORK REFERRALS CONTINUE AMONG MEMBERS THROUGH THE ALFN. WE WORKED WITH ISN CORP TO SECURE REFERRAL OPPORTUNITIES FOR OUR MEMBERS THROUGH THE UNITED STATES DEPARTMENT OF AGRICULTURE (USDA), RURAL DEVELOPMENT (RD), FOR NATIONAL DEFAULT MANAGEMENT SERVICES (NDMS). THIS OPPORTUNITY IS PROVIDING FILE REFERRALS TO OUR MEMBERS FOR FORECLOSURE SERVICES, REO, PROPERTY PRESERVATION SERVICES, APPRAISAL SERVICES, EVICTION SERVICES, AND BANKRUPTCY SERVICES THROUGH THE USDA RD'S DEFAULT PORTFOLIO. THESE RELATIONSHIPS HAVE DIRECTLY RESULTED IN NEW BUSINESS OPPORTUNITIES FOR OUR MEMBERS AND DIRECT COST SAVINGS ON MANY IMPORTANT PRODUCTS AND SERVICES UTILIZED BY ALFN MEMBERS. ALFN CONTINUES TO WORK WITH OTHER ASSOCIATIONS IN OUR INDUSTRY WHERE ITMUTUALLY BENEFITS OUR MEMBERS AND CLIENTS. WE PERIODICALLY PARTICIPATE WITH THESE OTHER INDUSTRY ASSOCIATIONS THROUGH JOINT TASK FORCES TO DRAFT COMMENT LETTERS ON REGULATORY ISSUES AND OTHER ISSUES IMPACTING OUR JOINT MEMBERS. ALFN ALSO SUBMITS INDIVIDUAL COMMENT LETTERS, AND THIS YEAR WE HELD INDIVIDUAL CALLS/MEETINGS WITH THE CFPB AND GSE'S. WE CONTINUALLY SEEK OPPORTUNITIES WHERE OUR ADVOCACY EFFORTS CAN RESULT IN POSITIVE RESULTS FOR THE BEST INTERESTS OF OUR MEMBERS. PUBLICATIONS:THE ALFN CREATES AND DISTRIBUTES FREQUENT ELECTRONIC UPDATES TO OUR LIST OF NEARLY 6000 INDUSTRY CONTACTS, KEEPING THEM INFORMED REGARDING THE LATEST INDUSTRY INFORMATION, LEGAL UPDATES, REGULATORY & LEGISLATIVE UPDATES AND OTHER GROUNDBREAKING INITIATIVES. OUR PUBLICATIONS (OFFERED ONLINE ONLY) INCLUDE THE ANGLE & WILLED (QUARTERLY MAGAZINES), THE LEGALIST (MEMBERSHIP DIRECTORY) & THE ANNUAL AWARDS PUBLICATION. THE ALFN, THROUGH ITS MEMBERS, IS ROUTINELY RECOGNIZED IN VARIOUS INDUSTRY PUBLICATIONS, ALFN PERIODICALLY SUBMITS PRESS RELEASES REGARDING OUR ACCOMPLISHMENTS TO OTHER INDUSTRY PUBLICATIONS. SEE SCHEDULE O FOR MORE INFO.ALFN PUBLICATIONS ARE MADE AVAILABLE ONLY ONLY, AND ARE DISTRIBUTED TO OUR INDUSTRY DATABASE OF CONTACTS, FEATURED ON OUR WEBSITE, AND AVAILABLE ON OUR EVENT MOBILE APP DURING ALL ALFN EVENTS THROUGHOUT THE YEAR AND AT OUR EXHIBIT BOOTH AT THE MBA SERVICING SOLUTIONS CONFERENCE EACH FEBRUARY.THE ANGLE IS THE ALFN'S FLAGSHIP PUBLICATION, PUBLISHED ONLINE EACH QUARTER. THE MAGAZINE FEATURES IN-DEPTH LEGAL ANALYSIS OF LOCAL, STATE, AND FEDERAL LAWS AFFECTING MORTGAGE SERVICING, BANKRUPTCY AND FORECLOSURE THROUGHOUT THE COUNTRY. READERS WILL FIND MEMBER SPOTLIGHTS, STATE SNAPSHOTS, INFOGRAPHICS, AND FEATURE-LENGTH ARTICLES IN EACH ISSUE OF THE ANGLE. WILLED CONTAINS ARTICLES THAT ARE AUTHORED BY MEMBERS OF THE ALFN'S WOMEN IN LEGAL LEADERSHIP (WILL) GROUP, AND IS PUBLISHED ONLINE AND IN PRINT ON A QUARTERLY BASIS. ARTICLES FOCUS DIRECTLY ON THE ISSUES THAT IMPACT WOMEN, WITH A FOCUS ON EMPOWERING WOMEN BY PROVIDING THE EDUCATIONAL TOOLS THEY NEED TO BE LEADERS.THE MEMBERSHIP DIRECTORY GUIDE (THE LEGALIST) IS DISTRIBUTED ONLINE, AND IS UPDATED IN FEBRUARY, APRIL, JULY & NOVEMBER. THIS PUBLICATION INCLUDES AN EASY-TO-USE ALPHABETICAL LISTING OF ALL ALFN MEMBERS THROUGHOUT THE COUNTRY AND IS ORGANIZED BY STATE (FOR ATTORNEY-TRUSTEE MEMBERS) AND SERVICE (FOR ASSOCIATE MEMBERS). THE PUBLICATION ALSO INCLUDES INFORMATION ABOUT THE ALFN, HOW TO JOIN, EVENT INFORMATION AND OTHER DETAILS ABOUT THE ALFN. THE ANNUAL AWARDS PUBLICATION IS AVAILABLE ONLINE AND IN PRINT, AND IS USED TO RECOGNIZE THE RECIPIENTS OF OUR 3 DIFFERENT AWARD TYPES. THE PUBLICATION IS RELEASED EACH JULY AT OUR ANSWERS CONFERENCE. MEMBERSHIP AND GOVERNANCEALFN ADDED 7 NEW ATTORNEY-TRUSTEE MEMBERS (LAW FIRMS AND FORECLOSETRUSTEES) TO OUR NETWORK, AND 7 NEW ASSOCIATE MEMBERS (INDUSTRY SERVICE PROVIDERS), BRINGING OUR TOTAL NUMBER OF MEMBERS TO 139 (TOTAL MEMBER COUNT BY COMPANY NAME). ALFN WELCOMES THESE NEW MEMBERS AND ARE GLAD TO HAVE THEM AS PART OF THE ORGANIZATION. THEIR CONTRIBUTIONS WILL ONLY HELP TO STRENGTHEN THE ALFN, WHICH CONTINUES TO BE THE LARGEST LEGAL SERVICES BASED PROFESSIONAL TRADE ASSOCIATION IN OUR INDUSTRY SPACE.MEMBERSHIP RETENTION WAS 91%, AND WE TARGET TO ACHIEVE 90%+ EACH YEAR. WE ARE PLEASED WITH THE CONTINUED SUPPORT OF OUR MEMBERS.OUR BOARD OF DIRECTORS MET 10 TIMES TELEPHONICALLY FOR OUR MONTHLY MEETINGS, HELD OTHER CALLS AS NEEDED TO DISCUSS PRESSING ISSUES, AND MET 3 TIME'S IN PERSON DURING THE YEAR TO CONDUCT ASSOCIATION BUSINESS AND STRATEGIC PLANNING. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 3 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SCHMERSAHL TRELOAR AND CO CPA 3149662727 10805 SUNSET OFFICE DRIVE 400 ST LOUIS MO 63127 RANDALL MILLER CHAIR OF THE BOARD 2.00 X X 0 0 0 NATALIE GRIGG VICE-CHAIR OF THE BOARD 2.00 X X 0 0 0 KIM HAMMOND BOARD SECRETARY 2.00 X X 0 0 0 ARI MILLER TREASURER 2.00 X X 0 0 0 DONALD J TIMBERLAKE DIRECTOR 2.00 X 0 0 0 DEANNE STODDEN CHIEF GOVERNANCE OFFICER 2.00 X X 0 0 0 KELLY GRING DIRECTOR 2.00 X 0 0 0 BLAKE STRAUTINS DIRECTOR 2.00 X 0 0 0 JP SELLERS DIRECTOR 2.00 X 0 0 0 SUSAN ROSEN CORPORATE SECRETARY 50.00 X 137955 0 7413 MATTHEW BARTEL PRESIDENT AND CEO 60.00 X 230700 0 17410 368655 0 24823 2 0 1 0 0 CONFERENCES AND EVENTS 541900 902629 902629 MEMBER DUES 541900 664744 664744 PUBLICATIONS 541900 10022 10022 1577395 12 12 MISC INCOME 900099 1 1 1 1577408 1577396 0 12 255522 179506 5239 32140 21340 3797 30331 967 22062 90992 876608 1678 12395 BANK AND OTHER FEES 36719 BOARD MEETINGS 18839 TELEPHONE AND INTERNET 7668 EDUCATION 2713 3919 1602435 627165 537772 119076 119076 22395 625 60058 87989 80973 76931 5721 4042 834415 749504 81643 43009 21250 102893 43009 X 0 0 0 0 731522 706495 731522 706495 834415 749504 -25027 0 X 0 0 0 0 1 0 80973 76931 4042 4042 X X X X 0 0 0 MATTHEW BARTEL PRESIDENT AND CEO 230700 0 0 0 0 0 0 0 17410 0 248110 0 0 0 FORM 990, PART I, LINE 6 TOTAL NUMBER OF VOLUNTEERS: WE HAVE APPROXIMATELY 600 VOLUNTEERS, WHICH COME FROM MEMBERS OF OUR BOARD OF DIRECTORS, AND FROM MEMBERS OF OUR MEMBER ADVISORY COMMITTEES. FORM 990, PART III, LINE 4A PRIMARY EDUCATIONAL EVENTS, HOSTED BY THE ALFN: ALONGSIDE OUR EDUCATION AND MEMBER ADVOCACY OFFERINGS, NETWORKING WITH YOUR PEERS AND CLIENTS IS ONE OF THE MOST IMPORTANT BENEFITS THAT WE OFFER OUR MEMBERS. WE WERE VERY PLEASED TO HAVE MORE ATTENDEES AT ALL ALFN EVENTS IN 2023 AS COMPARED TO 2022, AND MORE CLIENTS AT BOTH THE FORECLOSURE AND BANKRUPTCY INTERSECT EVENTS AS WELL AS AT ANSWERS. OUR NEW IDEA SUMMIT ALSO RECEIVED HIGH MARKS FROM ATTENDEES, AND BROUGHT IN MORE ATTENDEES THAN WE EXPECTED IN ITS FIRST YEAR. WE ALSO INCREASED THE AMOUNT OF BUDGETED FUNDS THAT WE UTILIZE TO PROVIDE SERVICER SCHOLARSHIPS TO ATTEND ALFN EVENTS, WHICH HELPED US GET MORE OF YOUR CLIENTS IN ATTENDANCE. WE WERE ALSO PLEASED TO PROCURE ATTENDANCE FROM GSE'S AND INVESTORS, AS WELL AS SPECIAL GUEST SPEAKERS, WHICH ADD EVEN MORE VALUE TO OUR EVENT NETWORKING AND EDUCATIONAL PROGRAMMING. OUR STAFF AND BOARD OF DIRECTORS WORK TIRELESSLY TO MAKE SURE THAT ALL ALFN EVENTS REMAIN IMPACTFUL AND BENEFICIAL FOR ALL OF OUR EVENT ATTENDEES. ANSWERS - ALFN 21ST ANNUAL CONFERENCE, HELD JULY 16-19 AT THE PARK HYATT BEAVER CREEK RESORT, WITH 13 EDUCATIONAL SESSIONS, ALFN ANNUAL AWARDS BREAKFAST SESSION, MEMBER-ONLY AND CLIENT-ONLY SESSIONS, AND 274 ATTENDEES. THIS ANNUAL EVENT IS HELD EACH JULY AT A DIFFERENT RESORT DESTINATION, WITH 225-400 ATTENDEES. ANSWERS REMAINS THE KEY EVENT FOR ALFN MEMBERS AND THE ASSOCIATION'S SERVICING PARTNERS TO MEET, NETWORK, GROW THEIR BUSINESS, AND DEEPEN THEIR RELATIONSHIPS. ANSWERS IS A MORTGAGE SERVICING AND REGULATORY COMPLIANCE EVENT THAT LEADS THE INDUSTRY IN EDUCATIONAL CONTENT AND NETWORKING OPPORTUNITIES. ANSWERS BRINGS TOGETHER ATTENDEES FROM MORTGAGE SERVICERS, GOVERNMENT-SPONSORED ENTERPRISES, NATIONAL BANKING INSTITUTIONS AS WELL AS THE ALFN'S LEADING NETWORK OF ATTORNEYS, TRUSTEES, AND INDUSTRY SERVICE PROVIDERS. 6 HOURS OF CLE CREDIT WAS AVAILABLE FOR ATTORNEYS AT THIS EVENT. FORECLOSURE INTERSECT - ALFN'S 12TH ANNUAL FORECLOSURE CONFERENCE, HELD IN-PERSON NOVEMBER 15-16 AT THE MARRIOTT DALLAS LAS COLINAS, WITH 6 GENERAL SESSIONS AND 139 ATTENDEES. THIS ANNUAL EVENT IS HELD EACH FALL IN DALLAS, WITH 80-140 ATTENDEES. THIS PROGRAM COVERS THE LATEST UPDATES IN FORECLOSURE, INCLUDING A FORECAST OF TRENDS AND ISSUES TO COME. OUR SCHEDULE INCLUDES DETAILED SESSIONS ON NATIONAL ISSUES AND FORECLOSURE TOPICS, AND SPOTLIGHTS STATE-SPECIFIC ISSUES THAT HAVE A BROAD IMPACT ON OUR INDUSTRY. SESSIONS ARE STRUCTURED FOR BOTH BASIC AND ADVANCED LEVELS. FORECLOSURE INTERSECT REINFORCES POSITIVE COLLABORATION WITH BANKRUPTCY AND FORECLOSURE DEPARTMENTS, LEGAL COUNSEL, SERVICE PROVIDERS, BORROWERS AND INVESTORS. 6 HOURS OF CLE CREDIT WAS AVAILABLE FOR ATTORNEYS AT THIS EVENT. IDEA SUMMIT - ALFN'S 1ST ANNUAL INCLUSION DIVERSITY EQUITY & AWARENESS "IDEA" SUMMIT WAS HELD IN-PERSON NOVEMBER 16-17 AT THE MARRIOTT DALLAS LAS COLINAS, WITH 4 GENERAL SESSIONS AND 71 ATTENDEES. THIS ANNUAL DEI SUMMIT, HELD EACH FALL IN DALLAS WITH 60-100 ATTENDEES, IS HOSTED BY THE ALFN IDEA COMMITTEE. AT THE ALFN IDEA SUMMIT, WE BRING TOGETHER THOUGHT LEADERS, INDUSTRY EXPERTS, AND ADVOCATES TO ENGAGE IN CRITICAL DISCUSSIONS AND EXPLORE INNOVATIVE SOLUTIONS SURROUNDING DEI ISSUES. OUR AGENDA INCLUDES GUEST SPEAKERS, PANEL DISCUSSIONS, AND INTERACTIVE ROUNDTABLES THAT INSPIRE, EDUCATE, AND EMPOWER ATTENDEES. BANKRUPTCY INTERSECT - ALFN'S 12TH ANNUAL BANKRUPTCY CONFERENCE, HELD IN-PERSON MARCH 8-9 AT THE MARRIOTT DALLAS LAS COLINAS, WITH 5 GENERAL SESSIONS AND 108 ATTENDEES. THIS ANNUAL EVENT IS HELD EACH SPRING IN DALLAS, WITH 80-120 ATTENDEES. THIS PROGRAM COVERS THE LATEST UPDATES IN CONSUMER BANKRUPTCY, INCLUDING A FORECAST OF TRENDS AND ISSUES TO COME. OUR SCHEDULE INCLUDES DETAILED SESSIONS ON THE LATEST IN BANKRUPTCY ISSUES, AND SPOTLIGHTS SPECIFIC ISSUES THAT HAVE A BROAD IMPACT ON OUR INDUSTRY. SESSIONS ARE STRUCTURED FOR BOTH BASIC AND ADVANCED LEVELS. BANKRUPTCY INTERSECT REINFORCES POSITIVE COLLABORATION WITH BANKRUPTCY AND FORECLOSURE DEPARTMENTS, LEGAL COUNSEL, SERVICE PROVIDERS, BANKRUPTCY TRUSTEES, BORROWERS AND INVESTORS. 5 HOURS OF CLE CREDIT WAS AVAILABLE FOR ATTORNEYS AT THIS EVENT. WILLPOWER - ALFN'S 6TH ANNUAL WOMEN IN LEGAL LEADERSHIP "WILL" SUMMIT WAS HELD IN-PERSON APRIL 27-28 AT THE THOMPSON DALLAS, WITH 8 SESSIONS AND 116 ATTENDEES. THIS ANNUAL WOMEN'S LEADERSHIP SUMMIT, HELD EACH SPRING IN DALLAS WITH 100-150 ATTENDEES, IS HOSTED BY THE ALFN'S LARGEST MEMBER-DRIVEN VOLUNTEER GROUP, WOMEN IN LEGAL LEADERSHIP "WILL". THIS EVENT IS LESS ABOUT YOUR TYPICAL INDUSTRY TOPICS, AND MORE ABOUT BUILDING RELATIONSHIPS AND PROFESSIONAL DEVELOPMENT ALONGSIDE SOME OF THE INDUSTRY'S BRIGHTEST THOUGHT LEADERS, CONNECTED BY THE SAME WILL OF EMPOWERING WOMEN TO LEAD. MEN ARE ALSO ENCOURAGED TO ATTEND AND BE INVOLVED. ADDITIONAL EDUCATIONAL EVENTS HOSTED BY THE ALFN: ONLINE WEBINARS - ALFN CONTINUES TO PROVIDE SEVERAL WEBINARS EACH YEAR TO ASSIST OUR MEMBERS AND CLIENTS REGARDING BREAKING NATIONAL AND LOCAL LEGAL ISSUES. SINCE THE WEBINAR PROGRAM STARTED IN JANUARY 2008, ALFN HAS HOSTED OVER 363 WEBINARS ON TOPICS COVERING ECONOMIC OUTLOOK, LITIGATION TRENDS, REGULATORY AND COMPLIANCE UPDATES, LEGISLATIVE UPDATES, BANKRUPTCY BEST PRACTICES, OTHER FORECLOSURE RELATED TOPICS, AND MANY OTHERS. OUR WEBINARS REACH AN AVERAGE AUDIENCE OF 50 - 200+ FOR EACH PRESENTATION, WITH NEARLY HALF OF THOSE ATTENDEES TYPICALLY BEING MORTGAGE SERVICERS & GSE'S. ALFN CONSISTENTLY PLACES GOOD, SOLID, PRACTICAL INFORMATION IN THE HANDS OF OUR MEMBERS AND CLIENTS ON A REGULAR BASIS. OUR REGULAR WEBINAR ATTENDEES ARE MEMBERS OF THE LOAN SERVICING COMMUNITY EXECUTIVE MANAGEMENT, IN-HOUSE COUNSEL, INVESTOR GROUPS, AND STATE AND FEDERAL HOUSING AND RATING AGENCY EXECUTIVES. BASED ON ATTENDEE FEEDBACK, THESE BROADCASTS CONTINUE TO BE ONE OF OUR TOP-RATED ONLINE EDUCATIONAL OFFERINGS. OUR COMMITTEE MEMBERS REGULARLY HOST WEBINARS ON REGULATORY ISSUES AND OTHER LEGAL TOPICS, AS WELL AS PRACTICE BUILDING AND PROFESSIONAL DEVELOPMENT TOPICS. ONSITE OR ONLINE TRAINING FOR MORTGAGE SERVICERS: WE PERIODICALLY HOST ONSITE TRAINING EVENTS AT MORTGAGE SERVICER LOCATIONS TO TRAIN THEIR STAFF ON INDUSTRY TOPICS AND LEGAL ISSUES. WE ALSO OFFER CUSTOMIZED ONLINE TRAINING SESSIONS TO MEET THE EDUCATIONAL NEEDS OF MORTGAGE SERVICERS WHO ARE UNABLE TO ACCOMMODATE IN-PERSON TRAINING EVENTS. ADDITIONAL PRESENTATIONS, EVENTS AND COMMUNICATIONS: ANNUAL AWARDS PRESENTATION: THE ALFN HAS THREE SEPARATE AWARDS THAT WE ANNOUNCE EACH JULY AT OUR ANSWERS CONFERENCE, WITH RECOGNITION PROVIDED IN THE ALFN ANNUAL AWARDS PUBLICATION. ALFN INDUSTRY ACHIEVEMENT AWARDS - THESE AWARDS ARE OPEN TO ALFN MEMBERS AND MORTGAGE SERVICERS OR GSE'S WHOSE OVERALL ACHIEVEMENTS AND WORK WITHIN THE FINANCIAL SERVICES INDUSTRY HAS HELPED PROVIDE OPPORTUNITIES IN ADVANCING THE LEGAL AND FINANCIAL SERVICES INDUSTRIES, THROUGH EDUCATION, TRAINING, LEADERSHIP, MENTORING OR ACTING AS A ROLE MODEL. UP TO 6 ALFN INDUSTRY ACHIEVEMENT AWARDS ARE GIVEN EACH YEAR (INCLUDING UP TO 5 AWARDS FOR ALFN MEMBERS, AND 1 SERVICER OR GSE AWARD). AWARD RECIPIENTS DISPLAY THE HIGHEST LEVEL OF PROFESSIONALISM AND LEADERSHIP, AND HAVE BEEN A CONTINUED ADVOCATE FOR THE INDUSTRY AND ALFN FOR AN EXTENDED PERIOD OF TIME. 5 ALFN INDUSTRY ACHIEVEMENT AWARDS WERE GIVEN THIS YEAR (5 ALFN MEMBERS). ALFN JPEG PICTURE THE FUTURE AWARDS - PRESENTED BY ALFN'S JUNIOR PROFESSIONALS & EXECUTIVES GROUP "JPEG". NOMINEES SHOULD BE UNDER THE AGE OF 40, AND MUST BE EMPLOYED IN-HOUSE BY AN ALFN MEMBER BUSINESS, MORTGAGE SERVICER, OR GSE. WE ARE LOOKING FOR A FEW KEY ATTRIBUTES IN OUR JPEG PICTURE THE FUTURE WINNERS EACH YEAR, INCLUDING: LONG-TERM COMMITMENT TO THE CREDITORS' RIGHTS INDUSTRY; INITIATIVE AND WILLINGNESS TO LEAD, EDUCATE, AND IMPROVE OUR INDUSTRY AS A WHOLE; INDIVIDUALS WHO ARE SERVICE AND VOLUNTEER LEADERS, RECOGNIZED WITHIN THEIR ORGANIZATIONS, AND WHO BRING VALUE TO THE ALFN; INDIVIDUALS WHO ARE ROLE MODELS FOR OTHER YOUNG PROFESSIONALS AND WHO ARE ACTIVELY INVOLVED IN THE ADVANCEMENT OF YOUNG PROFESSIONALS IN OUR INDUSTRY. WE RECOGNIZED 3 YOUNG PROFESSIONALS WHO RECEIVED THE PICTURE THE FUTURE AWARD THIS YEAR. FORM 990, PART III, LINE 4A ALFN MEMBER SERVICE AWARDS. AWARD GIVEN TO THE TOP 2 ATTORNEY-TRUSTEE MEMBER COMPANIES AND THE TOP 2 ASSOCIATE MEMBER COMPANIES THAT HAVE EXHIBITED THE HIGHEST LEVEL OF SUPPORT AND PARTICIPATION IN THE ALFN THROUGHOUT THE PAST YEAR. THIS LEVEL OF SUPPORT IS DETERMINED BY A MEMBER COMPANIES' PARTICIPATION IN CERTAIN ALFN ACTIVITIES SUCH AS LEADERSHIP POSITIONS HELD, COMMITTEE INVOLVEMENT, AUTHORING ARTICLES, SPEAKING AT EVENTS, AND OTHERS. WE RECOGNIZED 4 ALFN MEMBERS WITH THE MEMBER SERVICE AWARD THIS YEAR. ALFN UPDATES BY EMAIL DISTRIBUTION: ALFN ISSUES LEGAL UPDATES TO OUR DATABASE OF NEARLY 6000 INDUSTRY PROFESSIONALS AS WE BECOME AWARE OF IMPORTANT ISSUES, TO HELP IDENTIFY AND EXPLAIN CASES THAT TAKE NEW OR NOVEL APPROACHES TO STATUTORY CLAIMS AND, IN DOING SO, IDENTIFY IMPORTANT LEGAL TRENDS AS THEY DEVELOP. OTHER INDUSTRY EVENTS ATTENDED BY THE ALFN STAFF AND BOARD: ALFN EXECUTIVES ATTEND SEVERAL OTHER KEY INDUSTRY CONFERENCES THROUGHOUT THE YEAR (NOT HOSTED BY THE ALFN), WE TYPICALLY ATTEND THE MBA MORTGAGE SERVICING CONFERENCE HELD EACH FEBRUARY (ALFN EXHIBITS ANNUALLY AT THIS CONFERENCE WITH OUR EXHIBIT BOOTH), FIVE STAR CONFERENCE IN DALLAS HELD EACH SEPTEMBER, AND OTHERS. FORM 990, PART VI, SECTION A, LINE 6 THE ALFN OFFERS FOUR GENERAL MEMBERSHIP TYPES: ATTORNEY/TRUSTEE, VENDOR/ASSOCIATE, MORTGAGE SERVICER AND GOVERNMENT/INVESTOR. FORM 990, PART VI, SECTION A, LINE 7A AFFILIATED ATTORNEY/TRUSTEE CLASS MEMBERS VOTE TO ELECT ONE DIRECTOR AND NON-AFFILIATED ATTORNEY/TRUSTEE MEMBERS VOTE TO ELECT FOUR DIRECTORS. UP TO FOUR (4) DIRECTORS AT LARGE MAY BE APPOINTED BY THE CEO, WITH THE ADVICE AND CONSENT OF THE MAJORITY OF THE BOARD OF DIRECTORS. ATTORNEY/TRUSTEE MEMBERS ARE CATEGORIZED INTO TWO SEPARATE CLASSES: 1) AFFILIATED ATTORNEY/TRUSTEE AND 2) NON-AFFILIATED ATTORNEY/TRUSTEE. ONLY AFFILIATED ATTORNEY/TRUSTEE MEMBERS AND NON-AFFILIATED ATTORNEY/TRUSTEE MEMBERS HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B ANY MEMBER OF THE BOARD OF DIRECTORS MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE OR REASON, UPON THE FOLLOWING VOTE: (A) IN THE CASE OF A NON-AFFILIATED ATTORNEY/TRUSTEE CLASS DIRECTOR, BY A VOTE OF A MAJORITY OF THE NON-AFFILIATED ATTORNEY/TRUSTEE MEMBERS VOTING ELECTRONICALLY AT WHICH A MAJORITY OF THE NON-AFFILIATED ATTORNEY/TRUSTEE MEMBERS HAVE CAST A VOTE; AND (B) IN THE CASE OF AN AFFILIATED ATTORNEY/TRUSTEE CLASS DIRECTOR, BY A VOTE OF A MAJORITY OF THE NON-AFFILIATED ATTORNEY/TRUSTEE MEMBERS VOTING ELECTRONICALLY AT WHICH A MAJORITY OF THE NON-AFFILIATED ATTORNEY/TRUSTEE MEMBERS HAVE CAST A VOTE, AND A MAJORITY OF THE AFFILIATED ATTORNEY/TRUSTEE MEMBERS VOTING ELECTRONICALLY AT WHICH A MAJORITY OF THE AFFILIATED ATTORNEY/TRUSTEE MEMBERS HAVE CAST A VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S OUTSIDE CPA FIRM PREPARES A DRAFT FORM 990 THAT IS PRESENTED TO THE ORGANIZATION'S OFFICERS FOR REVIEW AND APPROVAL. AFTER APPROVAL, THE FINAL FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE MODEL EXECUTIVE TEAM AND BOARD OF DIRECTORS' CODE OF ETHICS FOR THE ORGANIZATION REQUIRED EXECUTIVES AND BOARD MEMBERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST AND DISCLOSE SUCH CONFLICT AND TO BE REMOVED FROM ALL DISCUSSION AND VOTING ON SUCH MATTERS. EXECUTIVES AND BOARD MEMBERS ARE ALSO REQUIRED TO AVOID THE APPEARANCE OF PLACING THEIR OWN SELF-INTERESTS OR ANY THIRD-PARTY INTEREST ABOVE THAT OF THE ORGANIZATION. THE ORGANIZATION'S BOARD POLICY MANUAL ALSO REQUIRED THE BOARD MEMBERS TO AVOID CONFLICT OF INTERESTS WITH RESPECT TO THEIR FIDUCIARY RESPONSIBILITIES. SELF-DEALING AND BUSINESS BY A BOARD MEMBER WITH THE ORGANIZATION MUST BE ANNUALLY DISCLOSED INCLUDING INVOLVEMENT WITH ANY OTHER ORGANIZATION THAT MAY BE REASONABLY SEEN AS BEING IN CONFLICT. IF THERE IS AN UNAVOIDABLE CONFLICT OF INTEREST TRANSACTION SUCH AS A BOARD MEMBER'S WITHDRAWAL WITHOUT COMMENT FROM ANY VOTE OR DELIBERATION ON THE MATTER. THE ORGANIZATION'S BY-LAWS FURTHER PROVIDE THAT A CONFLICT OF INTEREST TRANSACTION IS NOT VOIDABLE IF THE DIRECTOR'S INTEREST WAS DISCLOSED AND KNOWN TO THE MEMBERS OR THE BOARD OF DIRECTORS. THE TRANSACTION IS NOT VOIDABLE IF THE DIRECTOR'S INTEREST WAS DISCLOSED AND KNOWN TO THE MEMBERS OR THE BOARD OF DIRECTORS WHEN THE TRANSACTION WAS APPROVED, AUTHORIZED OR RATIFIED BY THE MEMBERS OR BOARD OF DIRECTORS, AS APPROPRIATE. PRIOR TO ALL BOARD MEETINGS THERE IS AN OPPORTUNITY FOR BOARD MEMBERS TO VOICE CONFLICTS OF INTEREST. OUR ANTITRUST AVOIDANCE STATEMENT, CONFIDENTIALITY STATEMENT, AND CONFLICT OF INTEREST STATEMENT IS REITERATED BEFORE EACH MEETING STARTS. THE ORGANIZATION ALSO ADOPTED A STAND-ALONE CONFLICT OF INTEREST POLICY EFFECTIVE AS OF SEPTEMBER 15, 2009. FORM 990, PART VI, SECTION B, LINE 15 THE CEO CONDUCTED A COMPENSATION REVIEW FOR ALL STAFF, AND THE BOARD OF DIRECTORS CONDUCTED A COMPENSATION REVIEW FOR THE CEO. THE PROCEDURE INVOLVES A REVIEW OF THE EMPLOYEE'S ANNUAL INTERVIEW AND EVALUATION AND AN EXAMINATION OF THE COMPENSATION PAID TO SIMILARLY POSITIONED EMPLOYEES IN SIMILARLY SITUATED ORGANIZATIONS. FORM 990'S ARE REVIEWED OF OTHER SIMILAR ASSOCIATIONS, AS WELL AS A REVIEW OF ASSOCIATION COMPENSATION SURVEYS AND DATA PROVIDED BY ASAE. THE CEO DETERIMINES COMPENSATION FOR ALL STAFF AND IT IS APPROVED IN THE ANNUAL OPERATING BUDGET BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES THE COMPENSATION FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE FOR MEMBERS ON THE ORGANIZATION'S WEBSITE AND IS AVAILABLE UPON REQUEST FOR A PERIOD OF THREE YEARS FROM THE DUE DATE OF THIS RETURN FOR OTHER PERSONS. WE POST THE LAST TWO YEAR'S FORM 990'S. THE ANNUAL BOARD APPROVED OPERATING BUDGET AS WELL AS THE PREVIOUS TWO YEAR'S BUDGET VS ACTUALS(P&L) TO THE MEMBERS ONLY PORTION OF THE ALFN WEBSITE FOR VIEWING BY OUR MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF ALL OF THE ORGANIZATION'S GOVERNANCE DOCUMENTS PREVIOUSLY MADE PUBLIC ARE AVAILABLE TO THE PUBLIC UPON REQUEST.