School of Mortgage Banking I: April 2021: Online

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Early Cutoff:

  Before Regular
MBA Member Price (Before ) $1,600.00 $1,800.00
Non-Member Price (Before ) $2,400.00 $2,700.00

Description

Program Times:

Week 1:

  • Monday, April 5th (2:30 - 5:00 PM ET)
  • Tuesday, April 6th (2:30 - 5:00 PM ET)
  • Wednesday, April 7th (2:30 - 5:00 PM ET)
  • Thursday, April 8th (2:30 - 5:00 PM ET)

Week 2:

  • Monday, April 12th (2:30 - 5:00 PM ET)
  • Tuesday, April 13th (2:30 - 5:00 PM ET)
  • Wednesday, April 14th (2:30 - 5:00 PM ET)
  • Thursday, April 15th (2:30 - 5:00 PM ET)

Week 3:

  • Monday, April 19th (2:30 - 5:00 PM ET)
  • Tuesday, April 20th (2:30 - 5:00 PM ET)
  • Wednesday, April 21st (2:30 - 5:00 PM ET)
  • Thursday, April 22nd (2:30 - 5:00 PM ET)

Week 4:

  • Monday, April 26th (2:30 - 5:00 PM ET)
  • Tuesday, April 27th (2:30 - 5:00 PM ET)
  • Wednesday, April 28th (2:30 - 5:00 PM ET)
  • Thursday, April 29th (2:30 - 5:00 PM ET)

** Webinars may vary in duration depending on the subject matter**

Program Details:

  • Classroom/Workshop

Program Summary:

MBA Education’s School of Mortgage Banking I emphasizes the interrelated roles of the functions 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, secondary marketing, warehouse lending and servicing. It also presents an overview of associated disciplines essential to a complete understanding of mortgage banking, including ethics, regulatory compliance, real estate law, loan products, quality assurance, quality control and fraud detection.

Note: Students who intend to acquire their AMP designation need to first complete SOMB I and pass the exam, then complete SOMB II and pass the exam. Students who are not working toward AMP designations do not need complete SOMB I to enroll in SOMB II.

Lessons:

  • Introduction to Mortgage Banking
  • Ethics
  • Loan Products
  • Loan Production
  • Quality Assurance, Quality Control, and Fraud Detection
  • Loan Servicing
  • Regulatory Compliance
  • Laws Affecting the Mortgagee’s Interest in Property
  • Warehouse Lending
  • Secondary Marketing

Experience Level(s):

  • Entry-Level
  • Intermediate

Intended Audience:

  • Individuals interested in an overview of all areas the residential mortgage lending industry
  • Individuals interested in obtaining the AMP or the CMB designation
  • Mortgage professionals in any role in the residential mortgage industry

Speakers:

  • TBD

Scholarship Availability & Discounts:

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MBA’s Path to Diversity Scholarship enables employees from diverse backgrounds to advance their career development by receiving up to $2,000 in education funds. Learn more and apply at mba.org/pathtodiversity.

Interested in complimentary seats for your organization? Contact Jeff Schummer at JSchummer@mba.org to learn more about Education Advantage.