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School of Mortgage Banking I

School of Mortgage Banking I: The Foundation of Mortgage Banking 

Gain a comprehensive understanding of the mortgage banking industry with our School of Mortgage Banking I. This foundational course explores the interconnected roles of different functions within a residential mortgage banking firm and the relationships with key institutions and agencies throughout the real estate finance industry. 

Key topics include: 

  • Loan production: Learn the process of originating residential loans. 

  • Secondary marketing: Understand how loans are sold to investors. 

  • Warehouse lending: Recognize how lenders fund loans. 

  • Servicing: explore the management of loans after closing. 

  • Other essential disciplines: Gain insights into ethics, regulatory compliance, real estate law, loan products, quality assurance, quality control, and fraud detection within the mortgage industry. 

 

CMB Certification Credit

Seal - CMB

Upon successful completion of this course, you will earn 15 points toward your Certified Mortgage Banker (CMB) designation. 

AMP Designation Credit

Seal - AMP

Professionals who complete all three SOMB courses will receive their Accredited Mortgage Professional (AMP) designation.

The Details

Course Level: Entry Level
Course Delivery Method: Classroom or Online Course
Duration of Classroom Course: Four consecutive days 
Duration of Online Classroom Course: Four days a week for four consecutive weeks
Elements:  Practice Activities, Case Study, Final Exam

Completing Course I Successfully
Credit for SOMB I is earned when you have attended all hours of classroom training and passed the comprehensive examination at the end of the course with a 75% or greater. You are given three attempts to pass the final exam. In the event you do not pass the exam after three attempts, you will be required to re-register and retake the course in order to obtain a certificate of completion.

Corporate Training Solutions

We have many new solutions that can be widely applied across your business. Explore our corporate training offerings or contact us at (800) 793-6222 (select option 2) or corporatetraining@mba.org to learn more.