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CMB Points - Getting to 150 All CMB candidates must accumulate 150 points from the following three categories: Professional Experience, Documented Education, and Industry Participation. Once we have your resume and/or transcript update form, we can evaluate your current point status and provide you with a personalized plan to help you complete this step of the program.
Below is a list of the three point categories and the activities/events that will earn points in those categories. You don’t have to worry about tracking these – the CampusMBA Professional Development Transcript will assist you in monitoring your progress through the program. We offer your transcript online to allow you to track your own progress—just log in to CampusMBA and click the "Transcript" tab on the top navigation menu.
Professional Experience. This is any employment experience you have acquired, provided it was with a mortgage banking (or industry related) employer. You need a minimum of 25 points in this category and can use a maximum of 75 points toward your 150 point minimum. Here is how your experience is calculated:
- Employment with a MBA member firm (5 points per year)
- Employment with a Nonmember firm (3 points per year)
Documented Education. This category relates to your educational background. You need a minimum of 35 points in this category and can use a maximum of 75 points toward your 150 minimum. Here are ways to accumulate education points:
Industry Participation. CMB Designees are not only well-trained professionals, but they are well-connected professionals. They are active in the industry and consistently network with their peers by attending conventions and serving on committees at the state and national level.
This category relates to your connection with the industry and other professionals. You need a minimum of 25 points in this category and can use a maximum of 75 points toward your 150 point minimum. Here are ways to earn participation points:
- MBA committee member (5 points per year)
(View MBA's Governance and Management)
- MBA Convention or Conference (1 point per meeting day)
- State or Local Convention or Conference (1 point per day)
- State or Local committee participation (5 points per year)
- Non-MBA Convention or Conference – must be industry related (1 point per day)
- Speaker at MBA or CampusMBA event (1 point per day, up to 10 points)
- Subject Matter Expert for CampusMBA - review & edit courses, publications or classroom programs in development (2-10 points) Email Alicia Willey for more details
- Future Leaders Program graduate (15 points)
- Habitat for Humanity (1 point per day, up to 5 points)
Other activities may be approved, please contact Alicia Willey for submission and approval.
CMB Continuing Education
The Certified Mortgage Banker (CMB) designation represents one’s knowledge, experience and participation within the real estate finance industry. Due to the evolving nature of our business environment, keeping abreast of current industry issues as well as maintaining one’s knowledge is critical to uphold the effective representation of the CMB designation to the industry as well as the general public.
To maintain active status, once obtaining the CMB (Residential, Commercial or Master), all designees must complete five points of qualified continuing education activities every two years. These activities can be derived from CampusMBA coursework, convention or conference participation, committee participation or other activities that reflect one’s active involvement in the industry.
The following will be recognized as qualified continuing education activities.
- MBA Conventions/Conferences (1 point for each day of attendance)
- State or Local Convention/Conference (1 point for each day of attendance)
- CampusMBA Distance Learning Courses (5 points per course)
- MBA Committee Participation (5 points per year)
- State or Local Committee Participation (5 points per year)
- Sponsor CMB Candidate (1 point per candidate)
- Serve on a CMB oral exam team (1 point per day)
- Volunteer for Habitat for Humanity (1 point per day)
- Coursework required to maintain your license (5 points for every 15 hours)
For more information, contact Alicia Willey at (202) 557-2766.
Master CMB Requirements
All candidates must hold the Residential or Commercial CMB for two years before they are eligible to apply for the Master CMB, and meet the following requirements:
- Acquire 200 total CMB points from the following areas (150 points earned during the Residential or Commercial CMB can be applied to the 200 point total).
- Professional experience (35 points minimum/85 points maximum)
- Industry participation (35 points minimum/85 points maximum)
- Education background (35 points minimum/85 points maximum)
- Served on two CMB oral exam panels in the two years since obtaining the Residential or Commercial CMB subsequent to enrollment into the Master CMB program
- Served as a CMB sponsor for two CMB Residential or Commercial candidates in the two years since obtaining the Residential or Commercial CMB subsequent to enrollment into the Master CMB program
- Complete a comprehensive exam to assess the candidate's working knowledge of the opposing areas of expertise
- Pass a half-hour oral exam given by a Master CMB designee panel at MBA Headquarters in Washington D.C.
- Be Recognized at the Opening General Session at both conventions. Your photograph will be displayed and you will be asked to stand as your peers congratulate you on your success!
- Remain in active status by meeting continuing education requirements.
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