________________________________________________________ ___________________________
Name of Applicant Date
________________________________________________________ ___________________________
Company Title
APPLICATION PROCESS
Each individual wishing to participate in the VMBA’s CMP program will be required to submit an official application to the VMBA,
requesting acceptance to participate in the program. Listed below are criteria that must be met:
- At the time of application you must be a member of VMBA and have been so for a minimum of one year;
- Minimum of FIVE years experience in the real estate/mortgage finance fields;
- Complete a CMP application form, provide a letter of recommendation from the applicant’s employer, and provide a copy of your resume;
- A total of 150 points is required to be awarded the CMP designation;
- Submit a non-refundable application fee of $150. (Please make check payable to VMBA.)
After the above-criteria are met and the application is received at the VMBA office, the applicant will be notified in writing of his/her acceptance into the
program. Once accepted, the applicant will have five years to complete the program’s criteria of meeting the 150 points minimum requirement. Upon
successful completion, the candidate will then be awarded his/her Certified Mortgage Professional plaque and label pin, and recognized at the annual
meeting, and will be authorized to use the CMP designation after his/her name.
Send completed application and all supporting material to:
Vermont Mortgage Bankers Association
12 North Main St., 2nd Floor
St. Albans, VT 05478
Toll Free Phone/Fax: (866) 680-8622
Email: Info@VermontMBA.org Website: www.vermontmba.org
Please Note: Minimum credits are required in section C and D to complete the program.
A. EXPERIENCE
1. Real Estate Finance-Related Employment (Five Years Minimum Required)
Three points for each of the first five years (15 points for first five years) plus five points per year for years six through
15 (up to 50 points for next 10 years) , plus two points for each additional year. Maximum credit = 75 points.
List companies employed by and provide number of years and dates of employment:
________________________________________________________________________________________________
Company Name City, State # of Years Date of Employment Points
_______________________________________________________________________________________________
Company Name City, State # of Years Date of Employment Points
________________________________________________________________________________________________
Company Name City, State # of Years Date of Employment Points
_______________________________________________________________________________________________
Company Name City, State # of Years Date of Employment Points
_______________________________________________________________________________________________
Company Name City, State # of Years Date of Employment Points
________________________________________________________________________________________________
Company Name City, State # of Years Date of Employment Points
_______________________________________________________________________________________________
Company Name City, State # of Years Date of Employment Points
Total Section A.1. Max 75 _____________
2. Professional Achievement in Real Estate Finance Related Employment
(Officer or Manager) Maximum Credit = 40 points
Please attach supporting documentation.
Chief Executive Officer (10 points per year) _____________________________________________________________
# of Years in Position Points
Senior Vice President (6 points per year) _______________________________________________________________
# of Years in Position Points
Vice President (4 points per year) _____________________________________________________________________
# of Years in Position Points
Manager (2 points per year) __________________________________________________________________________
# of Years in Position Points
Total Points Section A. 2 . Max.40 __________________
EXPERIENCE POINT TOTAL _________ (A)
B. PROFESSIONAL RECOGNITION
1. RECOGNIZED PROFESSIONAL DESIGNATION(S) - Please attach certificates. Must be real estate finance related.
(i.e., Accredited Residential Underwriter, Accredited Residential Originator, Certified Financial Analyst, Certified
Public Accountant, Certified Property Manager, Member Appraisal Institute, Senior Residential Appraiser, Certified
Mortgage Technologist, Certified Mortgage Banker = 10 points each.) Maximum credit = 20 points
_____________________________________________________________________________________________________
Designation Award by Whom Year Points
_____________________________________________________________________________________________________
Designation Award by Whom Year Points
Total Points Section B1 Max 20__________________
2. MORTGAGE BANKERS ASSOCIATION OF AMERICA’S CERTIFICATE(S) OF ACHIEVEMENT – Please attach
certificate(s). (Commercial Real Estate Finance, Mortgage Industry Leadership, Quality Assurance and Risk Analysis,
Residential Loan Administration, Residential Loan Production, and Secondary Marketing = 5 points each.)
Maximum credit = 20 points
_____________________________________________________________________________________________________
MBA Certificate of Achievement Year Points
_____________________________________________________________________________________________________
MBA Certificate of Achievement Year Points
Total Points Section B2 Max 20__________________
PROFESSIONAL RECOGNITION POINT TOTAL Max 40_________ (B)
C. EDUCATION
1. EDUCATION (CUMULATIVE) - Please attach copies of degree (s). Associates – 6 points; Bachelors – 10 points;
Advanced Degree – 10 points. Maximum credit = 30 points
__________________________________________________________________________________________________
College/University Attended Degree Years Attended Points
__________________________________________________________________________________________________
College/University Attended Degree Years Attended Points
Total Points Section C1 Max 30 ______________
2. INDUSTRY EDUCATION Minimum credit required = 20 points
a. Mortgage Bankers Association of America’s School of Mortgage Banking
Course I = 10 points, Course II = 10 points, and Course III = 25 points.
__________________________________________________________________________________________________
MBA Course Name Year Points
Total Points Section C2a Max __________________
b. Mortgage Bankers Association of America’s CampusMBA
Self-study and classroom = 2 points each, audio = 1 point each.
__________________________________________________________________________________________________
Course Name Self-Study, Classroom, or Audio? Year Points
__________________________________________________________________________________________________
Course Name Self-Study, Classroom, or Audio? Year Points
Total Points Section C2b________________________
c. Vermont Mortgage Bankers Association Seminars or School of Mortgage Banking (SOMB)
SOMB Course I and II = 10 points each; Course I and II Individual Classes = 1 point each; Course I and II Instructors = 2 points per class taught.
VMBA Educational Seminars = 1 point each for ½ Day (min. 2 hr) Session. Full Day Educational Program = 2 points. Program Speakers receive 2
points per ½ Day Session.
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
__________________________________________________________________________________________________
Name of VMBA Educational Program Date of Program Points
Fraud Education – 1/2 day (2 hrs min) Educational Session in Fraud Prevention class is required. 1 Point Required
__________________________________________________________________________________________________
Name of Fraud Educational Program Date of Program Points
Total Points Section C2c_______________________
d. Other Educational Programs
Maximum credit = 20 points
Real estate finance or mortgage related courses from other institutions or training consultants may be eligible for points, such as
your firm’s, Center for Financial Training, Vermont Housing Finance Authority, government, appraisal, title insurance, and Realtor
courses. Courses must be real estate finance related. Please complete the information below.
Point(s) for eligible sessions are awarded based upon the scale of ½ day (min. 2 hrs) = 1 point. Full day = 2 points.
Name of Educational Program
Organization Offering Program
Length of Program/ # Hours
Name of Instructor
Exam Required?
Final Grade
Comments you would like us to consider
Points Requested:______________
Name of Educational Program
Organization Offering Program
Length of Program/ # Hours
Name of Instructor
Exam Required?
Final Grade
Comments you would like us to consider
Points Requested
Name of Educational Program
Organization Offering Program
Length of Program/ # Hours
Name of Instructor
Exam Required?
Final Grade
Comments you would like us to consider
Points Requested
Total Points Section C2d Max 20 _________________
EDUCATION POINT TOTAL, MINIMUM 20 POINTS ______________ (C)
D. PARTICIPATION
1. VERMONT MORTGAGE BANKERS ASSOCIATION PARTICIPATION
Minimum credits required = 40 points; Maximum credits = 75 points
VMBA Member = 5 points per year; NH Joint Mortgage Conference = 5 points per year; VMBA President = 10 points; Board of Governors = 7 points per
year; Committee Chair = 4 points per year; Committee Member = 2 points per year; Annual Meeting = 2 points per year; Social Function = 1 point per
event; New England Mortgage Banking Conference or MBAA National Conference = 5 points per year.
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
_____________________________________________________________________________________________________
Name of VMBA Event Date of Program Points
Total Points Section D1, Min 40, Max 75__________________
2. PROFESSIONAL MEMBERSHIP IN OTHER ORGANIZATIONS
Maximum credit = 40 points
Must be actively participating for a minimum of one year. Membership of your employer, without active participation on your part does not count. Other
organizations may include; Vermont Association of Realtors, Mortgage Bankers Association of America, New Hampshire Bankers Association, Home
Builders & Remodelers Association, Appraisal Institute – Vermont Chapter, Vermont Bar Association. (5 points each max – not per year)
__________________________________ _____________________ ____________________
Name of Organization Participating Years Points
Describe your involvement
:______________________________________________________________________________________________________
__________________________________ _____________________ ____________________
Name of Organization Participating Years Points
Describe your involvement
:
_______________________________________________________________________________________________________
__________________________________ _____________________ ____________________
Name of Organization Participating Years Points
Describe your involvement:
______________________________________________________________________________________________________
__________________________________ _____________________ ____________________
Name of Organization Participating Years Points
Describe your involvement:
_____________________________________________________________________________________________________
Total Points Section D2 Max 40________________
3. SUPPLEMENTAL ACTIVITIES (Not your Employment – Generally these are Community, Housing Related Activities) Maximum credit = 20
points. (Speaking, teaching, serving on boards or committees in a real estate or mortgage finance related activity. Point(s) determined by VMBA
education committee, based upon scale of: Teaching = 2 pts/class, Board service = 5 pts/yr)
____________________________________________________________________________________________________
Name of Organization Activity Points Requested
_____________________________________________________________________________________________________
Name of Organization Activity Points Requested
Total Points Section D3 Max 20__________________
4. VMBA MEMBER RECRUITMENT 5 points per firm
_____________________________________________________________________________________________________
Name of Company Address Phone/Email Points
_____________________________________________________________________________________________________
Name of Company Address Phone/Email Points
Total Points Section D4 ________________________
PARTICIPATION POINT TOTAL MINIMUM 40 POINTS ___________(D)
SUMMARY
POINTS: A _________ Max 145
B _________ Max 40
C _________ Min 20
D _________ Min 40
TOTAL POINTS _____________ Min 150
CANONS OF ETHICS AND STANDARDS OF PRACTICE
PREAMBLE
WHEREAS, the purposes for which the Vermont Mortgage Bankers Association was organized are:
"To promote the welfare of the mortgage banking system in the State of Vermont and to improve its services to the community. To
encourage among its members sound business practices in the organization, distribution, and servicing of real estate mortgage
loans. To sponsor meetings for the discussion of real estate mortgage problems and to sponsor educational and research
projects designed to alleviate those problems. To cooperate with public and private agencies and the public at large in all matters
relating to sound mortgage banking with the objective of strengthening the economic base of the community."
WHEREAS, the Members of this association are mindful that the soundness, usefulness, prosperity, and future of Mortgage
Banking depend upon the honor, integrity, and the fidelity of all personnel engaged in this business.
THEREFORE, BE IT RESOLVED that each Member of this Association pledges to observe and maintain the following standards of
conduct in dealing with the public and with other members:
CANON 1
Members shall conduct their business in a professional manner, ensuring that their personnel are knowledgeable in the areas of
mortgage banking in which they participate and are acting in compliance with sound industry practices.
CANON 2
Members shall act in conformity with applicable laws and regulations and shall cooperate in every appropriate way with all
governmental bodies in the interest of establishing and maintaining an efficient and fair framework for mortgage credit.
CANON 3
Members shall act in a manner that recognizes that integrity and confidence are essential in the mortgage banking business.
CANON 4
Members shall not breach or void an executed agreement or commitment.
CANON 5
Members shall encourage healthy competition in the mortgage banking business.
CANON 7
Members shall preserve the integrity of all parts of a loan submission and appraisal report and make full disclosure of all pertinent
facts including any interest they may have in the loan project or property.
CANON 8
Members shall not quote to a prospective borrower interest rates or other loan terms which are not likely of realization.
CANON 9
Members shall make all reasonable efforts to process loan applications and advise applicants of approval or disapproval promptly
and to close and disburse in a timely manner.
CANON 10
Members shall use all efforts available in servicing investments entrusted to their care to effectively discharge their obligations to
both investor and debtor.
CANON 11
Members shall maintain all monies which are received as escrow reserve or impound accounts in a prudent and identifiable
manner and shall disburse these funds for the purpose for which they were received.
CANON 12
Members shall cooperate with the Ethics and Standards of Practice Committee in furnishing information relative to any
investigation of a possible violation of the Canons of Ethics and Standards of Practice.
Violations of, and complaints concerning, the Code of Ethics shall be filed with the Ethics Committee.
I attest that the above information provided on this application for the VMBA CMP is accurate to the best of my knowledge and that
I agree with the Vermont Mortgage Bankers Association Cannons of Ethics and Standards of Practice.
Signature: _______________________________________________ Date: ____________________________
| DOWNLOAD APPLICATION AS WORD DOC VERMONT MORTGAGE BANKERS ASSOCIATION Application and Personal Point Audit CMP Certified Mortgage Professional Send completed application and all supporting material to the VMBA. Application may be submitted when candidate has met 75 points. |
