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  1. Programs
  2. Certified Residential Mortgage Banker (CMB)

Certified Residential Mortgage Banker (CMB)

Mortgage Bankers Association

Certification

Become a contributor for free to openly demonstrate student outcomes, industry alignment & eligibility criteria.

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

Eligibility Calculator

Which aid programs apply to this program?

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Program Pathways

Credentials this program stacks toward

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Program Details

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.

Requirements

What you need to earn this credential

No requirements listed.

Financial Aid

Eligible funding programs

No funding information available.

Scholarships

No scholarships listed.

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Locations

Where this program is offered

No locations specified.

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Related Programs

Programs related to this one

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Skills & Competencies

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
Career Pathways

Occupations this program prepares you for

  • Loan Officers13-2072.00
  • Financial Managers11-3031.00
What You'll Learn

Key competencies developed through this program

Auto-populated·from NSX Competency Framework

Mastery: developing (Level 2)(based on Certification)

  • Applicant financial status — analyze income statements, credit scores, and debt-to-income ratios independently to assess loan feasibility for standard residential cases.
  • Loan product recommendations — match applicants to appropriate loan types and terms based on financial profiles with routine supervisory check-ins.
  • Loan approval decisions — approve applications within assigned authority limits and escalate those exceeding thresholds to management per institutional policy.
  • Client interviews — conduct structured intake meetings with applicants to gather complete financial and property information with minimal direction.
  • Credit file maintenance — review and update credit and loan files on a recurring basis to ensure accuracy and regulatory compliance in the loan management system.
  • Financial documentation review — compile and cross-reference corporate financial statements, tax returns, and appraisals to support underwriting decisions.
  • Loan agreement accuracy — review finalized loan agreements against policy requirements and flag discrepancies before closing without supervisory prompting.
  • Customer service interactions — address applicant concerns about loan status and process timelines using active listening and clear oral communication.
  • Enterprise resource planning tools — navigate ERP and accounting software to retrieve applicant financial data and produce standard reports.
  • Time-sensitive pipeline management — prioritize multiple open loan files to meet processing deadlines in a high-volume branch environment.

Some details on this page are auto-populated from public workforce data sources: O*NET (opens in new tab), BLS (opens in new tab), College Scorecard (opens in new tab), DOL Training Provider Results (opens in new tab), NSX (opens in new tab). Provided in partnership with LER.me Career Intelligence.

Student Outcomes

Performance metrics for this program

Completion Rate
Not reported
Placement Rate
Not reported