Office of Mortgage Settlement Oversight

“The form 990 has been reviewed by outside counsel and the entire board of directors.”

“Each director and officer is required on at least an annual basis to disclose any known conflicts. The omso management regularly and consistently monitors and enforces the policy. In the event of a potential conflict, the director or officer will recuse himself/herself from deliberation and voting on the issue.”

“As part of the corporate goverance for the office of the mortgage settlement oversight ("omso"), the board of directors of omso consults with its general counsel, brooks, pierce, mclendon, humphrey & leonard, l.l.p. And pearl, meyer & partners llc, an independent executive compensation firm, to advise them on the reasonableness of proposed compensation for all officers and members of the board of directors. In addition, the monitor's compensation is included as part of a budget approved by a committee created under the settlement.”

“As part of the corporate goverance for the office of the mortgage settlement oversight ("omso"), the board of directors of omso consults with its general counsel, brooks, pierce, mclendon, humphrey & leonard, l.l.p. And pearl, meyer and partners llc, an independent executive compensation firm, to advise them on the reasonableness of proposed compensation for all officers and other key employees (as applicable).”

“Part vi, section c, line 19 the organization's governing documents, conflict of interest policies, financial statements and annual reports are available to the public upon request.”

“Form 990, part i, line 1 and part iii, lines 1 and 4a: joseph a. Smith, jr. Formed the office of mortgage settlement oversight (omso), a non-for-profit corporation, to help him carry out his duties as monitor (the monitor) of the national mortgage settlement. The monitor's primary tasks are to determine whether the servicers are in compliance with the mortgage servicing standards and consumer relief requirements as set forth in the consent judgments that comprise the settlement. Omso assists the monitor with functions related to the business of being the monitor, including managing the omso budget, contracting with consultants and professional firms, hiring employees and maintaining books and records. Reference can be found at unc law school national mortgage settlements digital archive at: https://scholarship.law.unc.edu/mortgage-settlements.”

“With regard to page 1, item j, "website address", information for the organization may be obtained at the following website: https://scholarship.law.unc.edu/morgage-settlements”

“The organization has ceased operations and effectively dissolved in accordance with its bylaws as of the end of the fiscal year 6/30/19.”

“Residual balance of net assets in cash that was appropriately disbursed to a public charity in accordance with the organization's bylaws upon dissolution.”

“Professional fees 623,829 0 0 reimbursement of prepaid fees 0 6,360,875 0 total 623,829 6,360,875 0”

“A wind-down adjustment representing -206,554 prepaid expenses for services to be provided by 0 third party vendors subsequent to the 0 organization's effective dissolution date. 0 total -206,554”