Your CMB Designation

“Thanks to Ross Bennett of the Florida Mortgage Bankers Assoc. for permitting the use of his data within this information.”

Why Become a Certified Mortgage Banker?

The Certified Mortgage Banker (CMB) designation was created in 1973 by the MBA.

The Certified Mortgage Banker designation is the industry standard of professional accomplishment and success.

Earning your CMB places you at the top of our industry and makes you part of an elite group of professionals.

Earning your CMB gives you instant credibility among your peers.

89% of CMBs are Vice Presidents or higher Of the 900+ CMBs in the US, 12 are members of the

MMLA and work in Michigan.

Commonly Heard Reasons

I don’t understand the process. I don’t think I will qualify. No one to help me. I don’t know how to get started. I don’t have time.

Others?

CMBs Subscribe to the MBA’s Canon of Ethics

Professionalism Integrity Public Trust Fiduciary

Responsibilities Disclosure of

Information Conflicts of Interest

Compliance with Laws Non-Discrimination Honesty in Advertising Sanctity of Agreements Competition Ethics Compliance

Who is Eligible to Become a Candidate?

Must be employed by a firm that is a member of MBA or a recognized State MBA.

Must have three or more years experience in real estate finance or related field.

Present an acceptable recommendation by a senior officer of the applicant’s firm.

Accumulate at least 3 years industry experience before the time of application.

Residential, Commercial or MasterChoose the Path that is Right for You

Candidates may pursue a: “Master CMB”

Encompasses testing of both Residential and Commercial aspects of mortgage banking. All CMB Designations earned prior to 2000 are automatically Master CMBs.

“Residential CMB” Candidate is tested only on knowledge of Residential aspects of

mortgage banking.

“Commercial CMB” Candidate is tested only on knowledge of Commercial aspects of

mortgage banking.

Two Tracks for Obtaining a CMB

Commercial CMB Experience: 3 Years Total of 150 points req’d

Education: 35 points req’d Participation: 25 points

Written Exam: 6 Hours Essay Format

Oral: 1 Hour Continuing Ed: 2 Year

intervals

Residential CMB Experience: 3 Years Total of 150 points req’d

Education: 35 points req’d Participation: 25 points

Written Exam: 6 Hours Essay Format

Oral: 1 Hour Continuing Ed: 2 Year

intervals

Master CMB

Residential CMB Commercial CMB

School of Mortgage BankingCourses I, II, and III

School of Commercial Mortgage Banking

The CMB Process

Enroll in the CMB Program with CampusMBA: Three Years Industry Experience Required Online, via mail or fax

Registration Fee: MBA Member: $300/Non MBA Member: $450

Provide Documentation: Resume, Biography Letter of Recommendation from Sr. Officer Two letters of recommendation from business references supporting

your qualifications as a CMB Candidate Name of your CMB Sponsor/Mentor Recent Photo for graduation purposes

Notify the MMLA CMB Committee of your candidacy.

The CMB Process cont’d

Acquire 150 CMB Points: Professional Experience: 25 points minimum Documented Education: 35 points minimum Industry Participation: 25 points minimum

Prepare for the Exams-Written and Oral. Meet with Your Sponsor Frequently. Set Your Written Exam Date. Complete the Oral Exam. Graduate. Be Formally Recognized at the CREF or MBA National

Conventions. Complete Continuing Education.

Enroll in CMB Program(3 years experience req’d

Meet with your CMB Sponsor

on a regular basis

Acquire 150 points thru education, experience

and SOMB

Prepare for and Successfully

Pass Written Exam

Successfully Sit for Oral Exam

(150 Points Needed)

CMB Graduation Ceremony

The “Master” CMBGoing All the Way!

Experience: 7 or More Years in Mortgage Banking Prerequisites: Must have completed either the Residential or

Commercial CMB program at least 2 years prior to Master CMB program.

Education: 35 points required Participation: 25 points Written Exam: 6 Hours Oral: 1 Hour Continuing Ed: 2 Year intervals 200 Total CMB points required, 150 from Residential or

Commercial carry forward.

A Word About the MBA School of Mortgage Banking

SOMB founded in 1948 at Northwestern University The only comprehensive professional development

program for mortgage industry management. Graduates can earn Accredited Mortgage Professional

Designation (AMP) at conclusion of Course III. Three (5 day) courses: Course I, Course II and Course III CMB Points earned upon successful completion:

Course I- 15 points Course II- 15 points Course III- 30 points totaling 60 points towards 150 CMB points

required

Why is This Important? Completing Schools 1-3 gives you a higher probability

of success in the written and oral Exams. Completing Schools 1-3 gives you 60 points towards

the min. 150 points needed for your CMB. Completing Schools 1-3 allows you to sit for the

written Exam at 130 points instead of 150. (Still need 150 to sit for the orals)

The Residential Written Exam Successfully Pass 6 written exam areas with a >70% Score:

Residential Loan Origination and Underwriting Residential Loan Administration Residential Loan Marketing and Investor Relations Financial Management and Strategy Real Estate Law and Regulatory Compliance All Candidates Must Take and Successfully Pass the Comprehensive

Industry Issues Exam

After successfully completing the written exam, the candidate is eligible to present him/herself to the CMB Board of Review for an oral interview and exam at the next available exam date.

The Residential Written Exam Prep

Meet with your CMB sponsor to discuss your level of preparation.

Obtain your sponsor’s approval to take the exam. Review Exam Outline. Enroll in MBA’s six-week CMB Instructor-led Online

Prep Course for additional fee. Establish your exam date, exam proctor’s name and

address. Fax/mail your test enrollment and pay fee of

$300/$450 to MBA.

The Oral Exams Preparation: Focus on mastering all current industry issues and

pending legislation. Review all current MBA issue papers online,

Mortgage Banking Magazine, NewsLink articles. Schedule a “mock oral” exam with 3 local CMBs.

The Oral Exams: What to Expect A one hour exam with a panel of 3 CMB

examiners. Various locations around the country at different

times. Expect 6-7 questions from the CMB exam panel. Once completed, the panel will deliberate and you

will be escorted back for their decision. Second chance by a different CMB panel.

Graduation and Congratulations!CMB Graduation Ceremony:

Held twice per year at either the:

MBA CREF/Multifamily Convention in February

MBA Annual Convention in October

Cocktail Reception

Spouse/Significant Other and Colleagues are invited.

CampusMBA ResourcesMBA Offices, Washington, DC

Alicia Wileyjridings@mortgagebankers.org(202) 557-2766

www.CampusMBA.org

MMLA CMB Committeewww.mmla.net

CMB Chair: Alice Alvey, CMB (800) 278-0200

Mock Orals Chair: Dan Grzywacz, CMB (616) 957-3480

Exam Proctor Chair: Sam Isaac, CMB (586) 206-7535

Candidate Dev. Chair: Mark Rabidoux, CMB (248) 225-3920

Thank you and Good Luck!