Fiscal year ending 2016. Filed on January 25, 2017.
301 Fayetteville Street No 1801
Raleigh, North Carolina 27601
Office of Mortgage Settlement Oversight (EIN: 45-4458511) has filed an IRS Form 990 from fiscal year 2016–2019. In its fiscal year 2016 IRS Form 990 filing, Office of Mortgage Settlement Oversight, a 501(c)(4) civic league or social welfare organization, reported compensation for 3 out of 3 total employees. Among the employees shown here, the average compensation is $417,400. The highest compensated employee at Office of Mortgage Settlement Oversight is Joseph A Smith Jr with fiscal year 2016 compensation of $650,000.
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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.
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