CampusMBA, the educational arm of the Mortgage Bankers Association (MBA), graduated 35 Certified Mortgage Bankers (CMB) at a ceremony held at the association's 98th Annual Convention & Expo in Chicago. The CMB designation is the highest professional honor within the real estate finance industry. The 37 CMBs who received their designations join a group of more than 1,200 industry professionals who have proven their commitment to excellence within the mortgage banking industry.
"Now more than ever it is essential to uphold the highest standards for our industry," said 2011-2012 MBA Chairman Michael W. Young. "Receiving the CMB designation demonstrates that each of these individuals has made that commitment, and put in the work behind it to achieve the industry's top professional designation."
CMB candidates must acquire 150 points earned through a combination of professional experience, secondary education, continuing education through MBA-sponsored events and CampusMBA courses, as well as participation in MBA at the local, state and/or national level. After accumulating the required points and passing a comprehensive written exam, candidates must demonstrate industry knowledge by passing an oral exam conducted by a panel of CMBs.
"The CMB program is the foundation of excellence within our industry. It symbolizes respect, credibility, ethics, and achievement within real estate finance," said Jeffrey Schummer, MBA's VP of education. "I want to personally commend the 35 CMBs for realizing the importance of professional education within their careers. Together, we are truly setting the bar for excellence in our industry, something of which we at MBA are immensely proud."
Candidates have the option of choosing among the Commercial CMB, Residential CMB or Master CMB designations. The Master CMB is a combination of both commercial and residential mortgage banking disciplines, while the Residential CMB and Commercial CMB focus on their respective subfields of the mortgage industry.
In June 2009, MBA launched the Executive Certified Mortgage Banker program. 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.
In order to be eligible for the CMB designation, candidates must either work for an MBA member company or be a member of a recognized state MBA. 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.
CampusMBA awarded the following industry professionals with the CMB designation from November 2010 to October 2011:
Commercial CMB Designees
►Scott Cunningham, CMB, AMP of Moraga, Calif.
►Janine Stallings, CMB, vice president, portfolio management and accounting at Pacific Life Insurance Company
Residential CMB Designees
►Kelly Allen, CMB, branch manager of Standard Pacific Mortgage
►Craig Aronson, CMB, AMP, default manager analyst for MassHousing
►Lynn Barisano, CMB, AMP, senior VP of Bank of America Home Loans
►W.H. Caldwell III, CMB, account executive of FNC Inc.
►Jared Edmonds, CMB, AMP, account executive of Bank of America Home Loans
►Erin Forbes, CMB, director of compliance for New American Funding
►Peter Fugaro, CMB, president of Prymak LLC
►Kelley Hailstone, CMB, VP of secondary marketing for American Bank FSB
►Jason Harris, CMB of Capital One NA
►Tony Holmes, CMB, AMP, risk manager for Fannie Mae
►John Hwang, CMB, AMP, director of contact center operations for LendingTree LLC
►Kama Johnson, CMB, AMP, sales rep with United Guaranty Corporation
►Terry Jones, CMB, VP of Cherry Creek Mortgage Company Inc.
►William B. Lehman, CMB, AMP, director at C.C. Pace
►Brett Mills, CMB, AMP, manager and senior loan officer at Academy Mortgage Corporation
►Jodie Morgan, CMB, account executive at CitiMortgage Inc.
►Angela Muxworthy, CMB, mortgage manager for the New Mexico Mortgage Lenders Association Inc.
►Jon Rutila, CMB, VP of Aurora Bank FSB
►Patrick Stevens, CMB, AMP, general counsel and VP for TenA Companies Inc.
►Tony Thompson, CMB, AMP, mortgage market leader for PNC Bank
►Ian Wright, CMB, AMP, senior vice president and director of warehouse lending for Community Trust Bank
CMB Designees from the Executive Certified Mortgage Banker program
►Edward Thomas Bean, CMB, regional VP with Wells Fargo Home Mortgage
►Kevin M. Breeland, CMB, SVP, government affairs with Residential Mortgage LLC
►Carmen Fenn Drake, CMB, AMP, VP and regional sales executive with Wells Fargo Home Mortgage
►Cameron Findlay, CMB, chief economist with LendingTree LLC
►Mark Fleming, CMB, managing director of the consumer finance group for PricewaterhouseCoopers
►Deborah H. Jones, CMB, SVP and director of secondary marketing for RBS Citizens
►Jamie Korus, CMB, president of Alliance Financial Resources LLC
►Amie McCarthy, CMB, evaluations-whole loans for Interactive Data Pricing and Reference Data
►Cody Pearce, CMB, president of Southwest Stage Funding d/b/a Cascade Financial Services
►Eric P. Stoddard, CMB, EVP-correspondent lending with Wells Fargo Home Mortgage
►Elizabeth Weant, CMB, VP-regional sales executive with Wells Fargo Home Mortgage
Master CMB Designee
►Ralph E. Rayle, Jr, CMB, AMP, senior credit specialist with the Federal Reserve Bank of Atlanta
