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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. 

 

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.

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.

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.