Residential Servicing Certificate and Designation Program

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Default Administration Track

Welcome to the Residential Certified Mortgage Servicer (CMS) Default Administration Track. The curriculum for this designation is progressive and comprised of three levels. The first two levels the achievement certificate and professional certificate lay a foundation for the final level, the CMS itself.

The Residential Certified Mortgage Servicer (CMS) Specialist Certificate and Designation program is built on a specialist track system where students can concentrate in the area of servicing most applicable to their day-to-day work or career goals. Tracks include loan administration, financial controls and investor administration, and default administration.

The first two levels of this track are comprised of distance learning courses. Most are Web-based and several are print-based. Courses can be accessed from anywhere, at anytime. The final and third level is the School of Mortgage Servicing, an classroom-based course offered several times a year at locations across the United States. To learn more download the program brochure.

More Residential CMS Information

CMS Learning Map
CMS Program Brochure
CMS Who's Who
Forms

Other CMS Tracks and Programs
Financial Controls and Investor Administration
Loan Administration
Master CMS
Residential CMS Overview
Commercial CMS

Level I
Residential Mortgage Servicer Default Administration Achievement Certificate

Prerequisites

A minimum one year of industry experience is recommended.

Step 1:
Enroll in the Achievement Certificate

Option 1: Regular Enrollment
Enroll in the program and exam only (courses not included).

Option 2: Complete Package Enrollment
Enroll in the program, courses and exam for a special price.

Option 3: Enterprise Enrollment:
Certify your servicing staff through this program. Learn more about CampusMBA's Enterprise Certificate Progams, or call (800) 793-6222 (select option 3).

Step 2:
Complete Required Level I Curriculum

Complete the following five web-based courses. If you chose option 1 above, you will need to enroll in each of the courses separately.

Please note: You don’t need to enroll in the program to take any of the courses listed above.

Step 3: Pass the Level I Exam
Pass the Default Administration CMS Level I comprehensive exam. Passing the test earns the Residential Servicer Default Administration Achievement Certificate.

Please note: You must be enrolled into the program to take the level I exam and earn a certificate. The exam is included with all enrollment options.

About this achievement: The Achievement Certificate represents 50+ hours of concentrated residential servicing education. Many leading companies have pursued this certification for many of their servicing personnel.

Next steps: While many individuals and companies choose to conclude their education with this achievement certificate, many continue on to complete Level II, the Default Administration Professional Certificate.

Level II
Residential Mortgage Servicer Default Administration Professional Certificate

Prerequisites

Three of four years of industry experience is recommended.
Completion of the CMS Default Administration Achievement Certificate (Level I)

Step 1:
Enroll in the Professional Certificate

Option 1: Regular Enrollment
Enroll in the program and exam only (courses not included).

Option 2: Complete Package Enrollment
Enroll in the program, courses and exam for a special price.

Option 3: Enterprise Enrollment:
Certify your servicing staff through this program. Learn more about CampusMBA's Enterprise Certificate Progams, or call (800) 793-6222 (select option 3).

Step 2:
Complete Required Level II Curriculum

Complete the following five web-based courses. If you chose option 1 above, you will need to enroll in each of the courses separately.

Please note: You don’t need to enroll in the program to take any of the courses listed above.

Step 3: Pass the Level II Exam

Pass the Default Administration CMS Level II comprehensive exam. Passing the test earns the Residential Servicer Default Administration Professional Certificate.

Please note: You must be enrolled into the program to take the level II exam and earn a certificate. The exam is included with all enrollment options.

About this achievement: The Professional Certificate represents 100+ hours of concentrated residential servicing education. Many leading companies have pursued this certification for many of their servicing personnel.

Next steps: While many individuals and companies choose to conclude their education with this professional certificate, many continue on to complete Level III, the Default Administration Residential Certified Mortgage Servicer (CMS) Designation.

Level III
Residential Certified Mortgage
Servicer (CMS) Default Administration Specialist Designation

Prerequisites

Four or more years of industry experience is recommended
Completion of the CMS Default Administration Professional Certificate (Level II)

Step 1:
Enroll in the Specialist Designation

Option 1: Regular Enrollment
Enroll in the program only (courses and exam not included).

Option 2: Complete Package Enrollment
Enroll in the program and courses for a special price (the exam fee is not included).

Note: Package registration for the CMS Specialist Designation cannot be completed online. To register, call (800) 793-6222 (select option 3).

Option 3: Enterprise Enrollment:
Certify your servicing staff through this program. Learn more about CampusMBA's Enterprise Certificate Progams, or call (800) 793-6222 (select option 3).

Step 2:
Complete Required Level III Curriculum
The School of Mortgage Servicing is a classroom-based course. This course is offered several times throughout the year in locations across the United States.

Click here for upcoming offerings.
Step 3:
Enroll in and pass the Level III Exam

Enroll in and pass the Default Administration CMS Level III comprehensive exam.

Passing the test earns the Residential Certified Mortgage Servicer (CMS) Default Administration Designation.

About this achievement: Many leading companies have pursued this designation for their servicing personnel. It recognizes an individual's superior knowledge and experience in servicing practices, theories and applications. This specialist designation, offered exclusively by CampusMBA, the education division of the Mortgage Bankers Association (MBA), establishes a high standard of training for servicing professionals.

Maintaining the CMS Designation: A Residential CMS Designee must complete five points of continuing education every two years. Continuing education can be earned by successfully completing one of the applicable CampusMBA courses, or by attending MBA conferences and/or conventions. Prior to the end of the two-year period, designees must complete the CMS Continuing Education Reporting Form and submit it with a $100 re-accreditation fee.

Next steps: Complete each of the CMS Specialist Designation programs and earn your Master CMS Designation. In addition, many CMS Designees choose to pursue the prestigious Certified Mortgage Banker (CMB) Designation.

Support for the CMS Designation

Thanks to Lender Processing Services (formerly part of Fidelity National Information Services) for its support of the CMS Designation.

LPS's servicing courses and content have been implemented into the program curriculum to complement CampusMBA's current offerings to the real estate finance industry.