School of Mortgage Banking, Course II, Managing Profitability and Risk
In This Section
Public Course Delivery Method: Classroom
Duration of Course: 4 days
SOMB I not required*
About SOMB II
Managing Profitability and Risk in Mortgage Banking 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.
Course II begins with breakfast and registration on Tuesday morning at 8:00 a.m. Classes are held from 8:30 a.m. to 5:00 p.m. on Tuesday to Friday.
For further details, click here to see a typical SOMB II agenda.
Register today: View a schedule of all upcoming public SOMB offerings.
Students who are not working toward AMP designations do not need complete SOMB I to enroll in this comprehensive course. Only students who intend to acquire their AMP designation need to first complete SOMB I and pass the exam.
NOTE: Completion of SOMB I is not required for this course.
For Your Staff
Most MBA Education programs, including all levels of the School of Mortgage Banking (SOMB), 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 visit our Corporate Training page or call (800) 793-6222.
There are no exemptions from Course II.
Successful Completion of Course II
Credit for Course II is earned when a student has attended all hours of classroom training and passed the comprehensive examination given at the end of the course.
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.