Certified Residential Mortgage Banker (CMB)
Mortgage Bankers Association
Earning the CMB designation garners respect, credibility, ethics and achievement within real estate finance. This designation instantly places you at the top of our dynamic industry and makes you a part of the elite group that has achieved the highest level of professional success.
Cost
Residential CMB Costs Enrollment Fee: MBA Member: $550 Non-Member: $1,650 Prep Course (optional, but strongly encouraged): MBA Member: $500/$550 Non-Member: $1,500/$1,650 Exam Fee (covers Written and Oral exam): MBA Member: $550 Non-Member: $1,650Show moreShow less
Format
Hybrid
Skills developed through this program
- Knowledge of mortgage origination and underwriting processes
- Manage loan administration in residential mortgage lending
- Manage residential marketing and investor relations
- Apply financial management and strategy in mortgage banking
- Knowledge of real estate law and regulations
- Knowledge of comprehensive residential mortgage industry issues
Occupations this program prepares you for
Credentials this program stacks toward
No program pathways.
Detailed information about this program
Candidate Profile The ideal candidate has and prioritizes: Deep Industry Knowledge – Extensive expertise in mortgage banking, including loan origination, servicing, secondary markets, compliance, and risk management. Proven Leadership & Ethics – Demonstrated leadership skills, commitment to ethical lending practices, and a strong reputation in the industry. Commitment to Continuing Education – Dedication to ongoing learning, professional development, and staying up-to-date with regulatory changes and market trends. Strategic & Analytical Thinking – Ability to analyze market conditions, develop business strategies, and drive innovation in mortgage lending and financial services. Requirements Experience Level:Candidates must have at least 10 or more years of experience in the real estate finance industry, equating to a minimum of 50 points in the work experience category, to apply and matriculate through the Residential CMB Program. Prerequisites:None Education Requirement:Yes, a minimum of 35 points is required to complete the program. Participation Requirement:Yes, a minimum of 25 points is required to complete the program. Written Exam:Yes, six-hour exam is conducted either at an approved office location or online with a virtual proctor. Oral Exam:Yes, one-hour exam is conducted by a panel comprised of three CMB Designees either at an approved location or via Zoom. Continuing Education:Yes, an annual recertification with no fee.
What you need to earn this credential
No requirements listed.
Eligible funding programs
No funding information available.
Scholarships
No scholarships listed.