School of Mortgage Banking (SOMB) I
In This Section
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. Throughout the course, you will gain a foundation in residential loan production, underwriting, secondary marketing, warehousing and servicing.
Public Course Delivery Method: Classroom Course
Duration of Course: 4 days
Upcoming SOMB I Courses
September 17, 2019 - September 20, 2019
December 3, 2019 - December 6, 2019
February 11, 2020 - February 14, 2020
April 14, 2020 - April 17, 2020
May 5, 2020 - May 8, 2020
August 18, 2020 - August 21, 2020
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.
Completing Course I Successfully
Credit for SOMB I 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.
Are you exempt from taking SOMB I?
Download this form to learn about exemption from SOMB I.
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 firstname.lastname@example.org or call (800) 793-6222.