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In this month's editorial, MBA's Vice President of Education John Golden discusses the exciting, upcoming milestone of reaching
1,000 CMBs at MBA's 94th Annual Convention & Expo in Boston. We also announce two new Live Online Workshops, a popular new
course format CampusMBA will be expanding upon in coming months, and three upcoming one-day classroom programs at the end
of October.
Also in this issue, we feature Guillermina Chaux, CMB, in our CMB Profile, and congratulate the August certificate and designation
graduates.
Celebrating 1,000 CMBs
by John Golden, Vice President of Education, Mortgage Bankers Association
 With all of the events in the Mortgage industry over the past few months, it is nice to be able to report a major piece of
good news. At MBA's 94th Annual Convention & Expo in Boston, we will surpass the 1,000 mark for Certified Mortgage Bankers (CMBs). This represents a major milestone in the growth of the premier designation in the real estate finance industry. The
CMB is the pinnacle of professional education within this industry and its roster reads like a “Who’s Who” of top industry
achievers. CampusMBA is proud to have been able to facilitate the individual journeys of each of the 1,000+ CMBs as they have
invested the time and dedication to achieve this designation.
If you are considering pursuing the CMB designation, I would encourage you to reach out and talk with a current CMB; they
are always willing to share their experiences and tell you how having this designation has affected their career. The CMB,
however, is not the only designation of distinction and you may well discover that one of the other designations such as the Certified Mortgage Technologist (CMT), Certified Mortgage Underwriter (CRU), Certified Mortgage Compliance Professional (CMCP), Certified Quality Assurance Professional (CQAP), Certified Mortgage Servicer (CMS; Residential or Commercial), or the Accredited Mortgage Professional (AMP) is a better fit for you. Also, look out for the launch of the Certified Loan Officer (CLO) designation this October.
With nearly 5,000 people actively engaged in pursuing certification programs, the importance the industry places on these
badges of quality is obvious. Lately, we have seen some organizations adopt Enterprise Certification Programs through which they
enroll large numbers of employees (sometimes even entire departments) at one time in a certification as part of a strategic
initiative to increase employee efficiency and demonstrate quality to customers and partners alike.
 There is no better way of demonstrating to the wider public that this is an industry of career professionals who are invested and dedicated
to excellence in everything they do. So join us at the Annual Convention to celebrate 1,000 Certified Mortgage Bankers and
make the commitment today to enroll in a designation program and earn your badge of quality.
Live Online Workshops
CampusMBA's Live Online Workshops allows students to attend a one-time, interactive, instructor-led course from anywhere in
the world. All you need is a computer with an Internet connection, web browser, and telephone. With many more coming soon,
CampusMBA currently has two Live Online Workshops scheduled:
Greening the Mortgage Industry
Live Online Workshop
September 27, 2007
2:00 p.m. - 3:30 p.m. EST
By 2008, 3.3 billion people are expected to live in urban areas all over the world. The number is anticipated to increase
to more than five billion by 2030.* As these estimates loom over our future, new urbanism is on the rise and the inevitable
focus will be environmental concerns. Learning how to conserve energy and obtain renewable energy is essential to sustain
our current ways of life. This is where we come in: Educating ourselves is the key on how green buildings will be part of
the sustainable community design and how our mortgage products will change in the near future.
Discover the meaning of “green” and how it will significantly impact the mortgage banking industry. During this LIVE Online
Workshop, you will learn about current environmental concerns and actions within the U.S. building and mortgage industries
involving materials and products.
(*Source: MBA NewsLink “Urban Population Growth, Wealth Opportunities Related” by Palaparty, Vijay (7/5/2007))
Commercial/Multifamily Property Markets Update
Live Online Workshop
October 10, 2007
1:00 p.m. - 2:30 p.m. EST
Strong commercial and multifamily property markets have been a key force in the strong performance of commercial real estate
finance in recent years. As a result, different property types and different property markets have largely been lumped together
in a “rising tide carries all ships” perspective. This Live Online Market Update cuts through the generalizations and provides
a detailed look at today's U.S. commercial and multifamily property markets. Leading researchers discuss the current conditions
and future prospects for rents, vacancies, construction, property values, and sales across major property types and metro
areas.
Search for More
Be sure to visit our website often to search for upcoming Live Online Workshops, keyword "live."
New One-Day Instructor-Led Programs
At the end of October, CampusMBA will hold three different one-day instructor-led programs at MBA's Headquarters in Washington,
DC.
Pricing Strategies
October 24, 2007
Washington, DC
CampusMBA’s Instructor-led Workshop, Pricing Strategies, covers the components of an effective pricing policy, including;
rational vs. irrational pricing, how to create a pricing and product strategy that generates required loan volume without
sacrificing bottom line profit objectives and limiting your risk exposure.
Participants will engage in discussions and activities designed to identify critical elements in pricing, how to increase
risk tolerance by factoring risk into your decision making processes, and current strategies in today’s market.
Hedging With Derivatives
October 25, 2007
Washington, DC
Being ahead of the curve is essential in today’s market and risk management is imperative in establishing a successful business.
With Hedging with Derivatives, you will learn methodologies for mitigating risks and acquire different hedging strategies
that will effectively manage your pipeline.
Leave with an understanding of the array of risks within the mortgage supply chain. Discussions, case studies, and analyses
will improve your ability to utilize/hedge derivatives all the while networking with your instructors and peers.
Understanding Loan Products
October 29, 2007
Washington, DC
CampusMBA’s Understanding Loan Products is an in-depth training program designed to provide industry professionals with the
knowledge and comprehension needed to become aware of the intricacies associated with today’s loan products. This workshop
can also benefit any other mortgage lending professionals who want to gain a deeper understanding of becoming more productive.
At this workshop, you will engage in discussions that will help you be able to convey to consumers the various products available
in the current market. These products include Reverse Mortgages, Interest Only, HELOCs, Option ARMs, FHA, VA, Alt A, and Affordable
Housing. The workshop will also give you an understanding of essential aspects from the consumers standpoint in addition to
what are the most frequently asked questions.
Guillermina Chaux, CMB
a CMB Profile
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Guillermina Chaux, CMB
Vice President
First Residential Mortgage Services Corporation
Englewood Cliffs, NJ
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Guillermina Chaux, CMB, is Vice President at First Residential Mortgage Services Corporation in Englewood Cliffs, New Jersey.
When she first came to the United States 14 years ago, Guillermina worked as a loan officer. She successfully serviced the
Latino community and soon managed her own branch. Later Guillermina joined the operations of the company, and learned the
underwriting, closing, funding, and document retrieval functions.
When did you earn your CMB and what motivated you to do so?
I have been a CMB for almost a year. What motivated me was the desire to be a mortgage professional and at the same time set
an example for all woman in my company. The biggest challenge I faced was feeling that I wasn't maybe ready for it, but I
overcame this thanks to great support from my CMB sponsor.
How has the CMB designation impacted your career?
The CMB definitely provided me professional recognition from my colleagues and investors, not to mention that it has made
all of my family extremely proud of me.
What advice do you have for CMB candidates and potential candidates?
Obtaining the CMB designation is a privilege that everyone can work to achieve.
CMB Profile Archive
View past CMB Profiles online on our CMB Profiles Archive webpage.
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