Usfn
Public records raise at least one point you should look into before giving.
What it says it does
USFN serves its members and mortgage servicing professionals by providing first-in-class education, networking opportunities, publications, and industry advocacy in support of effective and efficient business operations, as well as legal and regulatory compliance.
- Income
- $2.4 million
- Spending
- $2.3 million
- Employees
- 5
- Volunteers
- 300
- Highest pay
- $260,727, ceo
Source: Form 990 for the year ending November 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending November 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending November 30, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- Since COVID, the industry continues to make significant changes, resulting in an ever-changing regulatory environment, mergers and changes at the largest mortgage servicers and the need to agility and adapatation for default law firms.
- USFN PUBLICATIONS:The USFN Report, a quarterly legal publication addressing key issues, case law, and regulatory change, converted to a digital version. Linked-in was used to further the reach of articles of vital interest. USFN News, a bi monthly newsletter with curated and in house produced content was added to address breaking news and state regulatory action. USFN rebranded and updated the NMSRD to the USFN Source, a web based searchable digital database of regulations impacting the mortgage, forceclosure, default and bankruptcy space. The Source continues to be updated and expanded with the latest in regulatory, state by state resource.
- EDUCATION-In 2025, USFN produced more than 20 different webinars, seminars, and conferences addressing issues of relevance to all levels of the mortgage servicing industry and related legal professionals. USFN provided Continuing Legal Education to member attorneys and well as attorneys who work for mortgage servicers. USFN offered more than 15 hours of CLE in 2025 including highly sought-after subjects such as legal ethics.
- USFN INDUSTRY RELATIONS:USFN events provided a relied upon forum for ongoing dialogue between mortgage investors, servicers, and law firms to ensure that issues surrounding compliance, new or changing regulation, timelines, and changes are addressed in a timely and collaborative manner by all relevant parties. USFN remains actively engaged with ongoing industry partnerships. USFN used the opportunity to provide comment to pending regulations by the CFPB and wrote amicus briefs for several key cases. The last year also saw continued dialogue with industry regulators such as the Federal Housing Finance Agency (FHFA), And housing-focused federal agencies such as the Department of Housing and Urban Development (HUD) and the Department of Veteran Affairs, as well as government-sponsored enterprises, Fannie Mae and Freddie Mac.The organization continued its strategic collaboration with other industry trade organizations such as The Mortgage Bankers Association, National Creditors Bar Association, American Legal & Financial Network, Five Star Institute, and Legal League.
- USFN COMMITTEES AND OTHER MEMBER-DRIVEN ACTIVITIES:Throughout 2025, USFN Committees provided critical support for the organization to maintain its crucial role in developing content, producing educational programming, and providing a forum for industry interchange. 2025-Amicus Brief Task ForceAdvocacy CommitteeBankruptcy SectionCompliance SectionDiversity and Inclusion SectionEducation CommitteeExecutive CommitteeFinance and Audit CommitteeLegal Issues SectionMarketing CommitteeMembership CommitteeREO & Eviction SectionAs well as other individual program task forces
Source: Form 990 for the year ending November 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending November 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1997.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.