1. Obtaining Your CMB Designation
MBAF Certified Mortgage Banker Society
The Certified Mortgage Banker (CMB) Designation is the industry standard of professional success. It symbolizes respect, credibility, ethics, and achievement within real estate finance.
Earning a CMB instantly places professionals at the top of our dynamic industry.

3. MBA Designations:
Certified Mortgage Banker Accredited Mortgage Professional Certified Loan Officer Certified Mortgage Compliance Professional Certified Mortgage Servicer Certified Mortgage Technologist Certified Quality Assurance Professional Certified Residential Underwriter

4. 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 CMB’s are Vice Presidents or higher
Of the 1000 CMB’s in the US, 64 work or reside in Florida.

5. 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?
The MBA of Florida can help!

6. CMB’s Subscribe to the MBA’s Cannon of Ethics
Compliance with Laws
Non-Discrimination
Honesty in Advertising
Sanctity of Agreements
Competition
Ethics Compliance
Professionalism
Integrity
Public Trust
Fiduciary Responsibilities
Disclosure of Information
Conflicts of Interest

7. 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.

8. Residential, Commercial or Master Choose 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 CMB’s.
“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.

9. 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 Yr 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 Yr intervals

10. School of Mortgage Banking
Master CMB
Residential CMB
School of Mortgage Banking
Courses I, II, and III
Commercial CMB
School of Commercial
Mortgage Banking

11. 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, or the MBA of Florida Convention
Complete Continuing Education

12. (3 years experience req’d
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
Sit for Oral Exam
(150 Points Needed)
CMB
Graduation Ceremony

13. The “Master” CMB Going “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 req’d
Participation: 25 points
Written Exam: 6 Hours
Oral: 1 Hour
Continuing Ed: 2 Yr intervals
200 Total CMB points required, 150 from Residential or Commercial carry forward.

14. 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

15. 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)

16. 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.

17. 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.

18. 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 CMB’s*
*(provided and hosted by the MBA of Florida CMB Society)

19. 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.

20. 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 and Colleagues are invited.

21. My CMB Website: http://www.campusmba.org/MyCMB.htm
On this site, you can find useful tips and resources to assist you in spreading the word about the Residential, Commercial, and Master CMB designations.
Society Events and the Society Page newsletter
CMB Profile online questionnaire.
CMB Yearbook
ShopCMB -CMB Apparel

22. CampusMBA Resources MBA Offices, Washington, DC
Amber Lawrence