Overview
What is Usfn?
Usfn, with its headquarters located in North Richland Hills, Texas, is a nonprofit organization that primarily focuses on serving and supporting mortgage servicing professionals. They provide top-tier education, networking opportunities, and industry advocacy, aiming to ensure their members operate effectively and comply with legal and regulatory requirements. In addition to these services, Usfn offers publications and resources to foster efficient business operations. Despite some challenges, such as postponed events due to natural disasters, they continue to adapt and grow, with their virtual education offerings seeing significant development. As of the provided data, Usfn has a small workforce of four individuals.
Official website here: www.usfn.org
Is Usfn legitimate?
Usfn is a legitimate nonprofit organization registered as a 501(c)(6) entity. Usfn submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $204,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $516,079
For more financial information, click here
Official website here: www.usfn.org
What is the mission statement of Usfn?
Usfn, an organization dedicated to mortgage servicing professionals, strives to provide top-notch education, networking opportunities, publications, and industry advocacy. Their mission is centered around supporting these professionals in achieving effective and efficient business operations, while ensuring compliance with legal and regulatory standards. Through their services, they aim to facilitate smooth business operations and help members navigate complex regulatory landscapes. Despite certain challenges, such as the impact of hurricanes and moratoriums, Usfn has continued to adapt and grow, offering virtual education and facilitating the industry's gradual return to normal operations.
Official website here: www.usfn.org
Who is the CEO of Usfn?
Pamela L Donahoo is the CEO of Usfn The CEO's salary of Usfn is $181,942 and their total compensation is $204,034.
Official website here: www.usfn.org
What is the revenue of Usfn?
Usfn's revenue in 2023 was $2,747,468.
Official website here: www.usfn.org
Who are the executives of Usfn and what are their salaries?
The average compensation at Usfn during 2023 was $144,023. There are 5 employees and 400 volunteers at Usfn.
Here are 18 key members and their salaries (Usfn's CEO's salary is $181,942 and their total compensation is $204,034):
- Compensation: $181,942
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- Other: $22,092
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Official website here: www.usfn.org
Where can I find the form 990 for Usfn?
Usfn's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.usfn.org
Learn more at the official website: www.usfn.org
Mission Statement of Usfn
Usfn, short for the United States Foreclosure Network, is dedicated to supporting its members and mortgage servicing professionals. The organization's mission is to provide top-notch education, networking opportunities, publications, and advocacy, all aimed at ensuring efficient and compliant business operations in the mortgage servicing sector. Usfn's primary objective is to empower its members and professionals by offering resources that help them navigate the complexities of the mortgage servicing industry, particularly in relation to legal and regulatory compliance. By offering these services, Usfn strives to contribute to a robust and resilient mortgage servicing industry. Despite challenges posed by the pandemic, Usfn continued to provide valuable education and networking opportunities, albeit in a digital format in some cases.
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Impact
October, 2024
Usfn significantly influences the mortgage servicing industry by delivering top-tier education, networking opportunities, and resources tailored to its members and professionals. By prioritizing industry advocacy, Usfn enhances business operations and ensures regulatory compliance, which is vital in an ever-evolving landscape.
The organization has adeptly adapted to recent challenges, such as the impact of the pandemic and natural disasters, maintaining engagement through virtual platforms while transitioning back to in-person events. Although some events faced postponements, member participation in digital education surged, showcasing resilience and a commitment to continuous learning.
As the mortgage default industry gradually recovers from pandemic-related moratoriums, Usfn provides critical support to its members. This environment has seen some firms merge or exit the sector, making Usfn's guidance and resources increasingly valuable as professionals navigate these changes. Overall, Usfn plays a crucial role in fostering a more knowledgeable, compliant, and connected community within the mortgage servicing field.
This information is meant to be a general summary of Usfn. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,904
- Program Service Revenue: $2,505,877
- Gross Receipts: $2,764,669
Assets and Liabilities:
- Total Assets: $1,564,439
- Total Liabilities: $1,482,027
- Net Assets: $82,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
advertising
Revenue
$27,692
MEETINGS AND SEMINARS
Revenue
$1,514,006
MEMBERSHIP DUES
Revenue
$950,159
PRODUCT SALES
Revenue
$14,020
Organization Details
Founding Year
1988
Principal Officer
Pamela L Donahoo
Website
www.usfn.orgNTEE Category
Code: S41 - Community improvement
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