MBA Education Self-Study Web-Based Courses Available
MBA Education, the education arm of the Mortgage Bankers Association, presents a variety of Self-Study Web-Based courses to help you understand key real estate finance issues and enhance your value to your company.
These are self-paced, self-study courses. Enroll anytime and take up to 12 months to complete the course. Upon completion of each course, participants can earn 1/2 point towards the MBA Certified Mortgage Banker (CMB) designation.
Below is a sample of Self-Study Web-Based courses available:
AML & SAR Compliance Training–Test & Certificate
The Treasury Department, through its Financial Crimes Enforcement Network (FinCEN), now requires nonbank residential mortgage lenders and originators to establish anti-money laundering programs and to file suspicious activity reports. The rule went into effect on April 16, 2012; RMLOs are being held to full compliance standards as of August 13, 2012. Jeffery Naimon, partner, and Howard Eisenhardt, counsel with BuckleySandler, LLP present an online webinar, Anti-Money Laundering and Suspicious Activity Report Training for Nonbank Mortgage Lenders and Originators. This 90-minute webinar reviews the relationship between mortgage fraud and money laundering, examines AML requirements and responsibilities of RMLOs and provides training on how to identify suspicious activity and when and how to comply with SAR reporting requirements.
To register, click http://www.mbaeducation.org/products/default.aspx?product_code=DL2-009929-WC-W. You can also register by phone at (800) 793-6222, select option 3.
Ethics in Mortgage Lending–Web Course
Today’s headlines are filled with companies forced into bankruptcy, corporate officers going to jail, shareholder lawsuits, ruined investor confidence and lost sales and customers. In this environment, how can you arm yourself with the skills and knowledge to positively impact both your corporation’s reputation and its bottom line? Ethics in Mortgage Lending will help you to respond to the broad range of challenges you face daily. Through lively, interactive case studies and scenarios as well as text and quizzes, you will obtain the knowledge you need to make sound legal and ethical decisions. Completion of this course earns five points toward MBA’s Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA’s Mortgage Industry Leadership or Residential Loan Production Achievement Certificate programs. This course includes a downloadable course booklet which may be printed to serve as an additional study tool and course reference.
To register, click http://www.mbaeducation.org/products/default.aspx?product_code=DL2-000195-WC-W. You can also register by phone at (800) 793-6222.
Fraud Detection for Mortgage Servicers
Fraud Detection for Mortgage Servicers is designed to alert mortgage servicers to unethical and fraud-related activities in mortgage banking and provide guidance in minimizing exposure. Learn about the impact and ramifications of fraud in mortgage lending; the indicators of potential fraud; the resources available to detect and investigate fraud; best practices for ethical conduct in mortgage lending; and how to recognize methods for preventing fraud.
Completion of this course earns five points toward MBA’s Certified Mortgage Banker (CMB) designation. This course also earns five points towards MBA’s Mortgage Servicer, Default Administration Achievement Certificate.
To register, click http://store.mortgagebankers.org/ProductDetail.aspx?product_code=DL2-001016-WC-W. You can also register by phone at (800) 793-6222.
Mortgage Banking Primer–Web Course
Mortgage Banking Primer introduces you to the field of mortgage banking. The primary focus of the course is residential mortgage banking. In this course, you will study the major players, regulations and processes involved in main areas of the mortgage lending cycle, including:
–Loan production–originating or producing new loans
–Warehousing, shipping & delivery and quality control–funding, warehousing, shipping and delivery and quality control of loans
–Secondary marketing–selling mortgage loans and mortgage-backed securities to investors
–Loan administration–servicing the loan after the sale
Completion of this course earns five points toward MBA’s Certified Mortgage Banker (CMB) designation. This course also earns five points towards MBA’s Residential Loan Production, Secondary Marketing, Residential Underwriter (CRU Level I), or any of the three tracks of the Mortgage Servicer (CMS Level I) Achievement Certificate programs.
To register, click http://www.mbaeducation.org/products/default.aspx?product_code=DL2-000500-WC-W. You can also register by phone at (800) 793-6222.
For more information about MBA Education, visit http://www.mbaeducation.org/default.htm.
