MBA Announces New CMCP Designation

Mortgage Bankers Association (MBA) Education has announced the creation of the Certified Mortgage Compliance Professional (CMCP) designation, and the opportunity to take the classes for first level of the designation at no charge in conjunction with MBA’s upcoming Regulatory Compliance Conference in Washington, D.C.

 

“In the ever-changing, but always complex regulatory environment of the real estate finance industry, the work of compliance professionals is critical. This new designation will be the gold standard to recognize the expertise of those who provide compliance advice in our businesses,” said Ken Markison, MBA’s Vice President and Regulatory Counsel, one of the course designers. “Compliance professionals do much more than making sure their business stays out of trouble. Those who gain the CMCP designation must also demonstrate that they have are capable of managing compliance systems to protect consumers and also their businesses from liability.”

 

The designation is slated to include three levels–Basic, Intermediate and Advanced. Each level will consist of 20-25 hours of course work. The Basic Level is geared towards compliance professionals at the beginning of their careers, including junior compliance analysts, compliance specialists, junior QC analysts and QC analysts, and regulatory or licensing specialists. The Intermediate Level will be geared to mid-level compliance professionals and the Advanced Level to compliance managers.

 

In addition to Markison, Bart Shapiro, MBA’s Director of Regulatory Compliance Education Strategy and a leading expert in compliance, is developing the curriculum in collaboration with MBA’s Compliance Essentials Curriculum Advisory Council, which includes senior compliance professionals from MBA member companies.

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