School of Mortgage Banking (SOMB) III
In This Section
Watch and Learn
Hear Thomas J. Healy, PhD, CMB, Chairman & CEO of Level1Analytics, and lead instructor for SOMB III talk about the recent course upgrades and how they will help improve your company's bottom line.
Willis Bryant Award
The Willis Bryant Award recognizes scholastic achievement and leadership qualities displayed throughout all three SOMB course levels.
SOMB III is your final course in MBA's School of Mortgage Banking series and emphasizes long-term strategic planning in a mortgage-banking environment. Throughout the course, you will receive hands-on training in planning and forecasting future business operations. Not only will you be introduced to the critical elements of planning, but you will also be exposed to the effects that various conditions and situations have on the planning process. During this class, you will be competing against other teams to produce the most creative, yet realistic, strategy for a fictitious company using an advanced computerized model that will take you through several economic quarters and varying economic conditions in order to restore profitability to your firm. You will be able to apply what you learn in the lessons to develop a successful business plan. In the process, you will practice the effective management of diverse skills and personalities in a small work group. The culmination of this activity is for you to present your strategy and results to the "Board."
Public Course Delivery Method: Classroom Course (Please note public courses are held virtually during COVID-19 pandemic)
Duration of Course: 4 days (13 sessions held over 3 consecutive weeks for virtual offerings)
Upcoming SOMB III Courses
November 30, 2020 - December 18, 2020
CMB Certification Credit
Upon successful completion of this course, you will earn 30 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.
What is my first step?
In order to enroll in and attend SOMB III, you must first complete SOMB II and pass the final exam.
Are you exempt from taking SOMB III?
There are no exemptions from SOMB III.
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.