School of Mortgage Banking, Course I, An Introduction to the Real Estate Finance Industry


Public Course Delivery Method: Classroom Course
Duration of Course: 4 days

About SOMB Course I

SOMB I emphasizes the interrelated roles of the departments 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, underwriting, secondary marketing, warehousing and servicing. It also presents an overview of associated disciplines essential to a complete understanding of mortgage banking, including loss mitigation, capital markets, nontraditional mortgage lending practices, fraud detection and quality assurance, regulatory compliance, real estate law and commercial lending.

Course I begins with breakfast and registration on day 1 at 7:30 a.m. Classes are held from 8:00 a.m. to 5:30 p.m. on days 1, 2, and 3 and from 8:00 a.m. to 5:00 p.m. on day 4.

For further details, view a typical SOMB I agenda.

Register today: View a schedule of all upcoming public SOMB offerings.

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 or call (800) 793-6222.

For details regarding exemption from Course I, download the form below:

Successful Completion of Course I
Credit for Course I is earned when a student has attended all hours of classroom training and passed the comprehensive examination given at the end of the course.

Retake Policy
To pass this course, students must achieve a score of 75% correct or greater on the online final exam. Students are given two attempts to take the exam. If a student fails the exam after the second attempt, may retake the exam for a fee of $100. 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.

Certification and Designation Credit

Successful completion of this course will earn the participant 15 points toward the Certified Mortgage Banker (CMB) designation. Professionals who complete all three SOMB courses will receive their  Accredited Mortgage Professional (AMP) designation.