American Legal & Financial Network C/O Schmersahl Treloar & Company PC

“The alfn offers four general membership types: attorney/trustee, vendor/associate, mortgage servicer and government/investor.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“Copies of all of the organization's governance documents previously made public are available to the public upon request.”

“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.”

“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 departme”

“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.”