The final course in MBA's School of Mortgage Banking emphasizes long-term strategic planning in a mortgage-banking environment. The newly redesigned course is an interactive, discussion based, four-day session that includes a new advanced computerized model-Advanced Interactive Mortgage Management (AIMM).

AIMM simulation allows participants to analyze the financial structure of a mortgage banking firm and the relationship between operating policies and profitability. The simulation incorporates industry trends and current economic indices along with necessary operational expenditures. Through the AIMM simulation module, users have the opportunity to make strategic decisions based on these various factors and seek to maximize the profitability of the lending operation. The process demonstrates the cause and effect relationship of the decisions made so participants can better understand key decision making strategy and techniques that will help in future business transactions.

Participants work within the computerized model through 6 economic quarters and varying economic conditions to restore profitability to their firm. The economic conditions create a robust learning experience that is reflective of the current real estate market conditions. Decisions such as staffing for both retail and wholesale channels, quantity of back office support staff, commission structures in relation to production and anticipated loan volume as it relates to product and price. Additional decisions include dollars allocated to marketing, technology and decisions related to pipeline hedging.

Course III classes are usually held from 8:30 a.m. to 5:00 p.m. on Monday to Thursday. Course III concludes Thursday at 5:00pm with a graduation ceremony awarding successful participants their AMP designation.

For further details, click here to see a typical SOMB III agenda.

Most CampusMBA programs, including all levels of the School of Mortgage Banking, can be offered privately at your location or online for your staff at your convenience. Each level is also customizable to fit within your corporate goals and culture. For more information visit campusmba.org/corporatetraining or call (800) 348-8653.

Celebrating 60 Years

The School of Mortgage Banking recently celebrated its 60th anniversary of excellence in the real estate finance industry. Learn more about this celebration.

Prerequisites

To attend Course III, students must successfully complete the Course II final examination and submit the appropriate fees.

Exemption

There are no exemptions from Course III.

Successful Completion of Course III

Students who successfully complete Course III earn a Graduation Certificate from the School of Mortgage Banking. Each graduate will also receive the Accredited Mortgage Professional (AMP) designation, attainable only by graduating from the School.

At each graduation, one student is selected to receive the Willis Bryant Award, which recognizes scholastic achievement and leadership qualities displayed throughout all three course levels. To view the list of winners, click on the Students tab. Want to be a candidate? Download the application for the Willis Bryant Award.

Note: All applications must be received prior to the class.

Certification and Designation Credit

Successful completion of this event will earn the participant 30 points toward the Accredited Mortgage Professional (AMP) designation. SOMB Graduates receive this designation at the Course III graduation ceremony.

Successful completion of this event will earn the participant 30 points toward MBA's Certified Mortgage Banker (CMB) and Certified Mortgage Technologist (CMT) designations.