School of Mortgage Banking (SOMB) II
In This Section
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 SOMB II Courses
April 19, 2021 - May 13, 2021
July 19, 2021 - August 12, 2021
September 13, 2021 - October 7, 2021
November 29, 2021 - December 20, 2021
February 7, 2022 - March 3, 2022
CMB Certification Credit
Upon successful completion of this course, you will earn 15 points toward your Certified Mortgage Banker (CMB) designation.
AMP Designation Credit
Professionals who complete all three SOMB courses will receive their Accredited Mortgage Professional (AMP) designation.
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 given at the end of the course.
Need to retake the course?
To pass this course, you must achieve a score of 75% or greater on the online final exam. You are given three attempts to take the exam. If you fail the exam after the second attempt, you may retake the exam for a $100 fee. Students who have failed to attain a 75% after the third attempt will be required to retake the SOMB course for the full MBA fee.
There are no exemptions from SOMB II. SOMB I is not required unless you are pursuing your AMP Designation.
For Your Staff
Most MBA Education programs, including all levels of the School of Mortgage Banking, can be offered privately at your location or online for your staff at your convenience. Each level is also customizable to fit within your corporate goals and culture. For more information email email@example.com or call (800) 793-6222.