Education

Overview

In September 2003, the California Association of Mortgage Brokers (CAMB) began its quest to create a continuing education program for mortgage industry professionals statewide with an education rollout presentation from the National Association of Mortgage Brokers (NAMB). This education rollout was the beginning of our education affiliation agreement with NAMB and provided us with direction on what courses to consider offering in our state. In addition, this presentation assisted us in establishing an instructor training program to teach the courses we selected.

Our state education committee and staff are responsible for overseeing the education program. Once we selected a group of courses we wanted to offer in California, we began training CAMB members to teach these courses. Click here for a list of education opportunities—courses, dates, and locations.

Stay tuned during the next few months as we enhance our education program—our commitment to a continuing education program for mortgage industry professionals in California. As our education program grows, we will post the latest news on this section of our Web site.

Upcoming Education Opportunities

The following are dates and locations for NAMB/CAMB Educational Courses
Download the Registration Brochure (pdf)

NAMB/CAMB Education Courses
Tuesday, February 14 – Thursday, February 16
Residential Mortgage Lending School
(24 NAMB CEUs)
8:00 a.m. – 5:00 p.m.
This comprehensive three-day training course is designed to reinforce the basics of conforming residential mortgage loan origination. This course focuses on the documents, processes and regulations involved in residential mortgage lending, specifically:

• Mortgage Industry Overview
• Types of Mortgage Loans
• Mortgage Origination and Regulations
• Pre-Qualifying the Borrower
• Taking the Residential Loan Application
• Underwriting Standards
• Packaging a Mortgage Loan
• And more!

Wednesday, February 15
Introduction to Small Commercial Lending
(8 NAMB CEUs)
8:00 a.m. – 5:00 p.m.
This course helps brokers develop the basic knowledge and skills in commercial lending that are required to originate, process and understand the nuances of commercial lending as compared to residential lending.

The Nation’s Fair Lending Laws
(4 NAMB CEUs)
8:00 a.m. – Noon
This course discusses the federal laws related to fair lending: Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), and Interagency Policy Statement on Fair Lending. Instructional content includes:

• ECOA definitions and application rules
• ECOA and the Uniform Residential Loan Application (1003)
• HMDA Purposes & Exemptions
• FHA Advertising Regulation
• FHA Rental, Sale & Transaction Definitions
• FHA Examples of Discrimination
• Case Review of Discrimination Lawsuits

Mortgage Broker Business Ethics
(4 NAMB CEUs)
1:00 p.m. – 5:00 p.m.
Mortgage Broker Business Ethics explores the basic concept of ethics in relation to business judgment and practice. The internal and external decision-making process of mortgage professionals is discussed with regard to job performance, consumer pressures and industry competition. Concepts taught include:

• Definitions of Ethics
• Personal Values and Ethical Decision-Making
• Difference Between Law and Ethics
• Decision-Making in Business Transactions
• Ethics of Disclosure throughout Loan Origination
• Solving Ethical Problems Related to Loan Transaction Decisions
• And more!

Mortgage Broker Business Ethics incorporates public complaints filed with state regulators as case studies for group discussion. Within small groups, participants are instructed to reach consensus on each case study presented. Group consensus must be reached determining whether the resulting decision was: ethical, unethical or debatable. The goal is to promote decisions that support standards of good business practice while ultimately leading to the development of positive public image and respect of the mortgage brokerage profession.

SubPrime Lending
(4 NAMB CEUs) (CA DRE Course #3065-1009)
1:00 p.m. – 5:00 p.m.
This course will help students to develop basic knowledge and skills in SubPrime lending products to enable the participant to originate, process and/or underwrite SubPrime mortgage loans within compliance of all applicable federal laws. At a minimum, this identifies general funding resources, explains borrower credit guidelines and explains what is meant by “loan loss reserves.”

Thursday, February 16
Marketing Your Services, Marketing Yourself
(8 NAMB CEUs) (CA DRE course continuing certification is pending)
8:00 a.m. – 5:00 p.m.
Salesmanship, business networking, customer service and communication skills are all-important elements in successful marketing of the mortgage professional’s products and services. This workshop contains many practical, individualized exercises and interactive group activities. You will learn effective salesmanship, communication skills and social style, networking and teamwork, and market plan development, implementation and maintenance.

Truth in Lending
(4 NAMB CEUs) (CA DRE Course #3065-1012)
8:00 a.m. – Noon
This course discusses the Truth in Lending Act, its Regulation Z, and the Commentary to Regulation Z. Course lecture specifically addresses:

• Open End Credit—Home Equity Lines
• Home Equity Disclosure
• Closed End Credit—most mortgages
• ARM Disclosure
• TIL Disclosure
• Rescission Disclosure
• Home Ownership Equity Protection Act (HOEPA)
• HOEPA Disclosures
• Reverse Mortgage Disclosures

Tapping New Markets – The Latino Homebuyer
(2 CA DRE Credits)
1:00 p.m. – 3:30 p.m.
This course is designed to provide an overview of the Hispanic market. The instructor will identify issues faced by Hispanic homebuyers, and offer important insights for real estate professionals hoping to reach this growing market. There is no charge to attend this course.

Reverse Mortgages
(4 NAMB CEUs) (CA DRE Course #3065-1010)
1:00 p.m. – 5:00 p.m.
Reverse mortgages program for people 62 and older. This course shows how to offer alternative financial solutions to your established customers enabling them to receive payouts from the built up equity in their home.

If you are interested in becoming a CAMB approved education instructor, please contact Deidre Bryant, Membership/Education Director at (916) 448-8236, ext. 2233 or deidre@cambweb.org.