Ohio Mortgage Bankers Association

“The financials are sent to the governing Board members prior to the Board meeting. The annual Form 990, is also sent to the Board members for review and comparison with the year-end financials for which the detail was previously reviewed and approved.”

“Officer addresses are available on the website at www.ohiomba.org or by contacting the Executive Director at the organization address who can provide any Board Members direct contact information.”

“Part VI, Line 12:a) The organization has a written conflict of interest policy.b) Officers, directors and trustees are required to immediately disclose any interest that could give rise to conflicts.c) The organization regularly and consistently monitors and enforces compliance with the policy. This is done by the Board meeting quarterly and at various other events throughout the period. The mortgage banking group is a closely-knit community which provides for a lot of transparency.”

“The process for determining compensation of the organizations Executive Director was a negotiation between the individual being considered for the job and the independent governing Board. The organization based the compensation on the knowledge of the industry and the expertise that the individual could bring to the organization. No other officers of the organization receive compensation.”

“The process for determining compensation of the organizations Executive Director was a negotiation between the individual being considered for the job and the independent governing Board. The organization based the compensation on the knowledge of the industry and the expertise that the individual could bring to the organization. No other officers of the organization receive compensation.”

“The organizations governing docments, conflict of interest policy, and financial statements are available to the public upon request. Additionally, the Form 990/990EZ is available at the Guidestar website.”