CampusMBA, an award-winning education division of the Mortgage Bankers Association (MBA), has announced the launch of its new Executive Certified Mortgage Banker (CMB) program, a streamlined track for obtaining the highest professional designation in the real estate finance industry, the CMB. Designed for busy professionals, this program allows candidates to substitute their real-world knowledge and experience for many of the educational requirements of the CMB program.
The launch of the Executive CMB follows a successful pilot program in which CampusMBA selected a group of highly qualified professionals to complete a six-week online course, complete the same rigorous CMB exams and provide MBA with extensive feedback based on their experience.
"CampusMBA developed this new approach for obtaining the CMB designation to incorporate the knowledge and skills these executives have already mastered through years of experience, while recognizing the demanding environment in which they are working," said Paul Green, senior vice president of corporate relations, education and business development. "After receiving overwhelmingly positive feedback from the pilot group, we look forward to offering this opportunity to the broader industry."
Every candidate for an Executive CMB is required to have a minimum of 13 years of experience in real estate finance and hold a senior management position at an MBA member company. Following acceptance into the program, candidates complete a comprehensive six-week online prep course guided by existing CMBs. The course covers industry issues, marketing and investor relations, loan administration, real estate law and regulation, financial management and strategy and residential originations and underwriting. Following completion of the course, candidates must pass a comprehensive written and oral exam. The first prep course will begin on July 10.
For more information, visit www.mortgagebankers.org.