ASSOCIATIONS INSIGHT
TWO TACKS, SHOWN BY TAX
Both the National Association of Mortgage Brokers (NAMB) and the Association of Independent Mortgage Experts (AIME) purport to be the leading organization for mortgage originators. Beyond the public relations spin, we took at a look at the most recent tax filings of both groups.
AIME 990
LINE 3:
Just two leaders, neither elected.
LINE 5:
AIME has 38 employees, NAMB lists 32 volunteers.
LINE 15:
LINE 8:
This is where member dues are reported. AIME has no member revenue. AIME claims 40,000 members, but has no actual “membership” function, so this is largely an unsupported claim.
LINE 9:
AIME gets pots of money from its sponsoring companies, a nearly six-fold increase in just one year.
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| NATIONAL MORTGAGE PROFESSIONAL MAGAZINE
AIME went on a hiring binge in its second operating year.
LINES 17 AND 18:
AIME spends prodigiously on its events.
LINE 19:
Thanks to huge sponsor bucks, AIME’s bottom line is very healthy.
