School of Mortgage Banking III
School of Mortgage Banking III, the culminating course in MBA's School of Mortgage Banking series, emphasizes long-term strategic planning within the mortgage banking industry. Through hands-on training, you'll gain expertise in planning and forecasting future business operations. You'll not only be introduced to critical planning elements, but also explore how various conditions and situations impact the planning process. During the class, you'll compete against teams to develop the most creative yet realistic strategy for a simulated company using an advanced computer model. This model will simulate several economic quarters with varying conditions, all with the goal of restoring profitability. By applying the learned concepts, you'll develop a successful business plan while practicing effective management of diverse skills and personalities within a small team. The course culminates with a presentation of your strategy and results to a simulated "Board."
Upcoming School of Mortgage Banking III Courses
CMB Certification Credit
Upon successful completion of this course, you will earn 30 points toward your Certified Mortgage Banker (CMB) designation.
AMP Designation Credit
Professionals who complete all three SOMB courses will receive their Accredited Mortgage Professional (AMP) designation.
The Details
Course Level: Advanced
Course Delivery Method: Classroom or Online Course
Duration of Classroom Course: Four days
Duration of Online Course: 13
two and a half hours sessions held over three consecutive weeks
Elements: Case Study, Final Exam, Discussion Boards/Forums, Group Assignment/Activities, Student Presentations
What is needed to
enroll in SOMB III?
- If pursuing the AMP designation, students need to have a passing grade of 75% or greater on both the SOMB I & SOMB II final exams.
- If not pursuing the AMP designation, students need to have taken SOMB II and passed the final exam with 75% or greater.
There are no exemptions from SOMB III.
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 [email protected] to learn more.
Watch and Learn
Hear Thomas J. Healy, PhD, CMB, Chairman & CEO of Level1Analytics, and lead instructor for SOMB III talk about the recent course upgrades and how they will help improve your company's bottom line.
Willis Bryant Award
The Willis Bryant Award recognizes scholastic achievement and leadership qualities displayed throughout all three SOMB course levels. View past winners and learn more.