School of Mortgage Banking I Online August 5-29

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.

Topics:
Introduction to Mortgage Banking
Ethics
Loan Products
Loan Production
Regulatory Compliance
Laws Affecting the Mortgagee’s Interest in Property
Quality Assurance, Quality Control, and Fraud Detection
Loan Servicing
Warehouse Lending
Secondary Marketing

Program Details:
Classroom/Workshop (Virtual)

Instructors:
Each session of the School of Mortgage Banking I is taught by an industry professional considered a thought leader by MBA and other subject matter experts in that area of mortgage lending.

Experience Levels:
Entry-Level
Intermediate

Intended Audience:
Individuals interested in an overview of all areas the residential mortgage lending industry
Individuals interested in obtaining the AMP or the CMB designation
Mortgage professionals in any role in the residential mortgage industry

Program Times:
Week 1:

Monday, August 5 (1:00 PM – 3:30 PM ET)
Tuesday, August 6 (1:00 PM – 3:30 PM ET)
Wednesday, August 7 (1:00 PM – 3:30 PM ET)
Thursday, August 8 (1:00 PM – 3:30 PM ET)

Week 2:

Monday, August 12 (1:00 PM – 3:30 PM ET)
Tuesday, August 13 (1:00 PM – 3:30 PM ET)
Wednesday, August 14 (1:00 PM – 3:30 PM ET)
Thursday, August 15 (1:00 PM – 3:30 PM ET)

Week 3:

Monday, August 19 (1:00 PM – 3:30 PM ET)
Tuesday, August 20 (1:00 PM – 3:30 PM ET)
Wednesday, August 21 (1:00 PM – 3:30 PM ET)
Thursday, August 22 (1:00 PM – 3:30 PM ET)

Week 4:

Monday, August 26 (1:00 PM – 3:30 PM ET)
Tuesday, August 27 (1:00 PM – 3:30 PM ET)
Wednesday, August 28 (1:00 PM – 3:30 PM ET)
Thursday, August 29 (1:00 PM – 3:30 PM ET)
** Sessions may vary in duration depending on the subject matter**