School of Mortgage Banking II
SOMB II analyzes managing profitability and risk in mortgage banking. It emphasizes effective organization and management of the production, servicing and secondary marketing departments for the purpose of controlling risks and maximizing bottom-line profits. This course covers developing new markets, production management, servicing portfolio management and valuation, marketing risk management and pricing strategy.
Upcoming School of Mortgage Banking II Courses
Course Level: Intermediate
Course Delivery Method: Classroom or Online Course
Duration of Classroom Course: Four consecutive days
Duration of Online Course: Four days a week for four consecutive weeks
Elements: Interactive Learning, Case Study, Final Exam
Completing SOMB II Successfully
Credit for SOMB II 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.
There are no exemptions from SOMB II. SOMB I is not required unless you are pursuing your AMP Designation.