MBA News Jan. 9, 2023

Today in MBA News: CREF23; MBA Education School of Mortgage Banking I; MBA Education Certified Mortgage Bankers Prep Course; MBA State Commercial Mortgage Licensing Resources. To read more, click on today’s MBA News headline.

MBA Servicing Solutions Conference & Expo in Orlando Feb. 21-24

The Mortgage Bankers Association’s Servicing Solutions Conference & Expo, Roadmap to Servicing Success, takes place Feb. 21-24 at the Hyatt Regency Orlando.

Join us in Orlando for the annual must-attend industry event for servicing professionals and service providers. Be prepared to share information, connect with industry peers and discover new solutions that lead you on the roadmap for servicing success. Get tools and resources to address the latest issues impacting borrowers. Attend this conference to create stronger relationships and learn about servicing solutions that will increase efficiency and performance. Review the schedule for details on speakers and the many opportunities to connect.

Register by Jan. 10 and save.

For more information, click here.

MBA Education School of Mortgage Banking I Online Begins Jan. 9

MBA Education presents its popular School of Mortgage Banking I online from Jan. 9-Feb. 2.

MBA Education’s School of Mortgage Banking I emphasizes the interrelated roles of the functions within a residential mortgage banking firm and the relationships of the various institutions and agencies throughout the real estate finance industry. This course provides a foundation in residential loan production, secondary marketing, warehouse lending and servicing. It also presents an overview of associated disciplines essential to a complete understanding of mortgage banking, including ethics, regulatory compliance, real estate law, loan products, quality assurance, quality control and fraud detection.

Note: Students who intend to acquire their AMP designation need to first complete SOMB I and pass the exam, then complete SOMB II and pass the exam. Students who are not working toward AMP designations do not need complete SOMB I to enroll in SOMB II.

For more information and to register, click here.

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MBA Education Certified Mortgage Banker (CMB) Prep Course Begins Jan. 13

MBA Education presents its Certified Mortgage Bankers Prep Course online from Jan. 13-Feb. 24.

The Residential CMB Online Prep Course is a seven-week instructor-guided web-based course designed to prepare Residential CMB candidates for the written exam. The course is taught by CMB designees and is offered in a blend of self-study and webinar format. A kick-off call plus six additional weekly webinar meetings, held on Friday afternoons, allow for the participants to interact with the instructors and each other.

Each week, candidates are given resources and assignments related to a particular area of the exam to review and complete before the Friday webinar. Some of the assignments are self-graded; for other assignments, CMB instructors who are experts in that week’s topic area will provide individual feedback. Each week concludes with a section wrap up call for one (1) hour each Friday. During the weekly webinar, the instructors answer questions that have come up in the homework and talk through additional practice questions. The final webinar is an extended 90-minute session that covers the final topic and provides a detailed overview of the written and oral exams.

For more information and to register, click here.  

MBA State Commercial Mortgage Licensing Resources

The Mortgage Bankers Association has updated its state-by-state compilation of commercial/multifamily mortgage licensing requirements.

The updated resource is a no-cost, member-only benefit that is updated annually. It covers state requirements for servicing commercial/multifamily mortgages as well as requirements for making or brokering commercial/multifamily mortgages. For each state, the resource describes relevant state licensing requirements and provides links to applicable statutes and state regulator resources and contacts.

While not legal advice or guidance, this information provides a resource for MBA members who would benefit from a greater understanding of the mortgage licensing law framework for various states. We gratefully acknowledge Haydn Richards, partner at Bradley law firm, for his reviews and help to update the compilation.

This member-only benefit can be accessed here on MBA’s website.

For more information, contact Grant Carlson at 202-557-2765.