OMBA Members Graduate with CMB Honors!
Mortgage Bankers Association, San Diego, CA - October 13, 2009
CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), graduated 36 Certified Mortgage Bankers (CMB) at a ceremony held at MBA's 96th Annual Convention & Expo in San Diego. Of those 36 awards only two were presented to Ohioans, both of whom are members of the Ohio Mortgage Bankers Association.
Sincere congratulations are extended to Donald J. Marconi, Sr. Vice President of Liberty Savings Bank and Michael Walker, Vice President of Concord Mortgage Group for receiving the CMB designation, the highest professional honor within the real estate finance industry. Marconi and Walker join a group of 1,000 industry professionals who have proven their commitment to excellence within the mortgage banking industry, and include other OMBA members Patrick Begg, Huntington Mortgage Group, Bill Cosgrove, Union National Mortgage Company, and David Gunn, Fifth Third.
CMB candidates must amass 150 points earned through a combination of professional experience, secondary education, continuing education through MBA-sponsored events and CampusMBA courses, as well as participation in MBA at the local, state and/or national level. After accumulating the required points and passing a comprehensive written exam, candidates must demonstrate industry knowledge by passing an oral exam conducted by a panel of CMBs.
"The CMB program is the foundation of excellence within our industry. It symbolizes respect, credibility, ethics, and achievement within real estate finance," said Paul Green, MBA's Senior Vice President of Corporate Relations, Education and Business Development. "I want to personally commend the 36 CMBs for realizing the importance of professional education within their careers. Together we are truly setting the bar for excellence in our industry, something of which we at MBA are immensely proud of."
Designation candidates have the option of choosing among the Commercial CMB, Residential CMB or Master CMB designations. The Master CMB is a combination of both commercial and residential mortgage banking disciplines, while the Residential CMB and Commercial CMB focus on their respective subfields of the mortgage industry. In order to be eligible for the CMB designation, candidates must either work for an MBA member company or be a member of a recognized state MBA. Every candidate for an Executive CMB is required to have a minimum of 13 years of experience in real estate finance and hold a senior management position at an MBA member company.
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mortgagebankers.org.