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American Association Of Residential Mortgage Regulators

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521651713 ✦ Reston, VA ✦ Designated as a 501(c)(3)

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Overview

What is American Association Of Residential Mortgage Regulators?

The American Association of Residential Mortgage Regulators (AARMR) is a nonprofit organization located in Reston, Virginia. Its primary mission is to facilitate the exchange of information and education concerning the licensing, supervision, and regulation of the residential mortgage industry. AARMR aims to ensure effective mortgage supervision for a safe and sound industry that caters to the needs of local financial markets. Their annual regulatory conference brings together general and affiliate members, offering a platform for networking, information sharing, and discussions on residential mortgage issues of mutual interest. The 2022 conference, for instance, attracted over 250 attendees. By doing so, AARMR works diligently to protect consumer rights in the realm of residential mortgages.


Official website here: www.aarmr.org

Is American Association Of Residential Mortgage Regulators legitimate?

American Association Of Residential Mortgage Regulators is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Association Of Residential Mortgage Regulators 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.aarmr.org

What is the mission statement of American Association Of Residential Mortgage Regulators?

The American Association of Residential Mortgage Regulators (AARMR) is dedicated to promoting the exchange of information and education related to residential mortgage regulations. Their primary mission is to support state mortgage regulators in providing effective mortgage supervision, ensuring a safe and sound residential mortgage industry that meets the needs of local financial markets. Additionally, AARMR strives to protect the rights of consumers by ensuring compliance with residential mortgage regulations. By facilitating knowledge sharing and education, AARMR aims to contribute to an efficient and reliable residential mortgage market.


Official website here: www.aarmr.org

Who is the CEO of American Association Of Residential Mortgage Regulators?

David Saunders is the Immediate Past President of American Association Of Residential Mortgage Regulators.


Official website here: www.aarmr.org

What is the revenue of American Association Of Residential Mortgage Regulators?

American Association Of Residential Mortgage Regulators's revenue in 2022 was $408,062.


Official website here: www.aarmr.org

Who are the executives of American Association Of Residential Mortgage Regulators and what are their salaries?


Here are 10 key members and their salaries:


Kirsten Anderson (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alison Kiyotoki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Romano (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Carnes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kareeme Tucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clifford Charland (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellena Meier (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Windham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Saunders (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aarmr.org

Where can I find the form 990 for American Association Of Residential Mortgage Regulators?

American Association Of Residential Mortgage Regulators's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aarmr.org

Learn more at the official website: www.aarmr.org

Mission Statement of American Association Of Residential Mortgage Regulators

The American Association of Residential Mortgage Regulators (AARMR) is dedicated to promoting knowledge and understanding of residential mortgage regulations. Their primary mission is to facilitate the exchange of information and education regarding the licensing, supervision, and regulation of the residential mortgage industry. This mission aims to empower state mortgage regulators to provide effective mortgage supervision, ensuring a safe and sound industry that meets the needs of local financial markets. Furthermore, AARMR strives to protect the rights of consumers by ensuring that the residential mortgage industry operates with integrity and adheres to regulations. By promoting knowledge and collaboration among state mortgage regulators, AARMR plays a crucial role in maintaining a stable and trustworthy residential mortgage market.

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Impact




October, 2024

The American Association of Residential Mortgage Regulators (AARMR) significantly influences the residential mortgage industry by enhancing the understanding and implementation of regulations that govern mortgage practices. Through its annual regulatory conference, AARMR fosters collaboration among state regulators and industry affiliates, promoting the exchange of knowledge and best practices related to licensing, supervision, and regulatory compliance.

By convening over 250 professionals in 2022, AARMR serves as a vital platform for networking and sharing insights on pressing mortgage issues. This exchange not only strengthens the capabilities of state mortgage regulators but also ensures that they can provide effective supervision, thereby contributing to a safe and sound mortgage industry that meets the needs of local financial markets. Furthermore, AARMR is committed to protecting consumer rights, reinforcing a framework that prioritizes transparency and accountability within the residential mortgage sector.

Overall, AARMR's impact lies in its ability to elevate regulatory standards, improve industry practices, and safeguard consumer interests, thereby enhancing the overall stability and integrity of the mortgage market.




This information is meant to be a general summary of American Association Of Residential Mortgage Regulators. 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.

Revenue
$408,062 (2022)
Expenses
$380,796 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $327
  • Program Service Revenue: $276,285
  • Gross Receipts: $408,062

Assets and Liabilities:

  • Total Assets: $332,270
  • Total Liabilities: $0
  • Net Assets: $332,270

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ANNUAL CONFERENCE

Revenue

$196,773

TRAINING SCHOOLS

Revenue

$79,512

Organization Details

Founding Year

1989

Principal Officer

David Saunders

Main Address

1900 CAMPUS COMMONS DRIVE 100, RESTON, VA, 20191

NTEE Category

Code: L99D - Housing

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