School of Mortgage Banking I: January 2025: Online
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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. Click to read about MBA’s School of Mortgage Banking I instructors.
Experience Level(s):
• 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:
• Tuesday, Jan. 14 (1:00 – 3:30 PM ET)
• Wednesday, Jan. 15 (1:00 – 3:30 PM ET)
• Thursday, Jan. 16 (1:00 – 3:30 PM ET)
• Friday, Jan. 17 (1:00 – 3:30 PM ET)
Week 2:
• Tuesday, Jan. 21 (1:00 – 3:30 PM ET)
• Wednesday, Jan. 22 (1:00 – 3:30 PM ET)
• Thursday, Jan. 23 (1:00 – 3:30 PM ET)
• Friday, Jan. 24 (1:00 – 3:30 PM ET)
Week 3:
• Tuesday, Jan. 28 (1:00 – 3:30 PM ET)
• Wednesday, Jan. 29 (1:00 – 3:30 PM ET)
• Thursday, Jan. 30 (1:00 – 3:30 PM ET)
• Friday, Jan. 31 (1:00 – 3:30 PM ET)
Week 4:
• Tuesday, Feb. 4 (1:00 – 3:30 PM ET)
• Wednesday, Feb. 5 (1:00 – 3:30 PM ET)
• Thursday, Feb. 6 (1:00 – 3:30 PM ET)
• Friday, Feb. 7 (1:00 – 3:30 PM ET)
** Sessions may vary in duration depending on the subject matter**
Scholarship Availability & Discounts:
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MBA’s Path to Diversity Scholarship is designed to support employees from diverse and traditionally under-represented backgrounds to advance their professional growth and career development by receiving up to $2,000 in education funds. Learn more and apply at mba.org/pathtodiversity.
Your organization can get two complimentary seats to this class with an Education Advantage subscription! Contact Kathy Ryan to learn more about Education Advantage!
