School of Mortgage Banking I & II

Robert Maddox, CMB, AMP, and partner in the Birmingham office, was a faculty member for the School of Mortgage Banking (SOMB) I & II held at the Bradley Arant Boult Cummings’ Birmingham office on April 16 – April 19, 2013.

SOMB I emphasizes the interrelated roles of the departments within a residential mortgage banking firm and the relationships of the various institutions and agencies throughout the real estate finance industry. This course provides a foundation in residential loan production, underwriting, secondary marketing, warehousing and servicing. It also presents an overview of associated disciplines essential to a complete understanding of mortgage banking, including loss mitigation, capital markets, nontraditional mortgage lending practices, fraud detection and quality assurance, regulatory compliance, real estate law and commercial lending.

SOMB II - Managing Profitability and Risk in Mortgage Banking emphasizes effective organization and management of the production, servicing and secondary marketing departments for the purpose of controlling risks and maximizing bottom-line profits. This course covers developing new markets, production management, servicing portfolio management and valuation, marketing risk management and pricing strategy.