School of Mortgage Banking I

SOMB 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.

The Details

Course Level: Entry Level
Course Delivery Method: Classroom or Online Course
Duration of Classroom Course: Four consecutive days 
Duration of Online Classroom Course: Four days a week for four consecutive weeks
Elements:  Practice Activities, Case Study, Final Exam

Completing Course I Successfully
Credit for SOMB I is earned when you have attended all hours of classroom training and passed the comprehensive examination at the end of the course with a 75% or greater. You are given three attempts to pass the final exam. In the event you do not pass the exam after three attempts, you will be required to re-register and retake the course in order to obtain a certificate of completion.