VERMONT MORTGAGE BANKERS ASSOCIATION by hmm90569

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									                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.


________________________________________________________                   ___________________________
Name of Applicant                                                  Date

___________________________________________________ _____                  ___________________________
Co mpany                                                                   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;
    You must have accumulated a minimum of 75 CMP points to submit your application. 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 Es tate Finance-Rel ated Empl oyment (Fi ve Years Mini mum 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. Maxi mum credit = 75 points.

     List companies emp loyed by and provide number of years and dates of employ ment:

     ________________________________________________________________________________________________
          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 Empl oyment
     (Officer or Manager) Maxi mum Credi t = 40 points
     Please attach supporting documentation.

    Ch ief Executive Officer (10 points per year) _____________________________________________________________
                                                                # of Years in Position                                           Points
    Senior Vice President (6 po ints 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 DES IGNATION(S) - Please attach certificates. Must be real estate finance related.
    (i.e., Accred ited Residential Underwriter, Accred ited Residential Orig inator, Cert ified Financial Analyst, Certified
    Public Accountant, Certified Property Manager, Member Appraisal Institute, Senior Residential Appraiser, Certified
    Mortgage Technologist, Certified Mortgage Ban ker = 10 points each.) Maximum credi t = 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
    cert ificate(s). (Co mmercial Real Estate Finance, Mortgage Industry Leadership, Quality Assurance and Risk Analysis,
    Residential Loan Ad min istration, Residential Loan Production, and Secondary Marketing = 5 points each.)
    Maxi mum 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 (CUMULATIV E) - Please attach copies of degree (s). Associates – 6 points; Bachelors – 10 points;
    Advanced Degree – 10 points. Maxi mum credi t = 30 points
    __________________________________________________________________________________________________
    College/University Attended                                  Degree                      Years Attended                          Points
    __________________________________________________________________________________________________
    College/University Attended                                  Degree                      Years Attended                          Points
                                                                                             Total Points Section C1 Max 30 ______________


 2. INDUS TRY EDUCATION Mi nimum credi t required = 20 points

    a. Mortg age Bankers Association of America’s School of Mortg age 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 B ankers Association of America’s Campus MB A
       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 B ankers Association Seminars or School of Mortgage B anking (SOMB)
       SOMB Course I and II = 10 points each; Course I and II Indi vi dual Classes = 1 point each; Course I and II Instructors = 2
       points per class taught.
       VMB A Educational Seminars = 1 point each for ½ Day (min. 2 hr) Session. Fu ll 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 m                                  Date of Program                                 Points
       __________________________________________________________________________________________________
       Name of VMBA Educational Program m                                  Date of Program                                 Points
       __________________________________________________________________________________________________
       Name of VMBA Educational Program m                                  Date of Program                                 Points
       __________________________________________________________________________________________________
       Name of VMBA Educational Program m                                  Date of Program                                 Points
       __________________________________________________________________________________________________
       Name of VMBA Educational Program m                                  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 Educati onal Programs
     Maximu m cred it = 20 points
     Real estate finance or mortgage related courses from other institutions or training consultants may be eligib le fo r points,
     such as your firm’s, Center for Financial Train ing, Vermont Housing Finance Authority, government, appraisal, t itle
     insurance, and Realtor courses. Courses must be real estate finance related. Please comp lete the information below.

     Point(s) for eligible sessions are awarded based upon the scale of ½ day (mi n. 2 hrs) = 1 poi nt. Full day = 2 poi nts.

     Name of Educational Program ______________________________________________________________________
     Organization Offering Program _____________________________________________________________________
     Length of Program/ # Hours________________________________________________________________________
     Name of Instructor_______________________________________________________________________________
     Exam Required? ________________________________________________________________________________
     Final Grade ____________________________________________________________________________________
     Co mments 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 ____________________________________________________________________________________
     Co mments 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 ____________________________________________________________________________________
     Co mments you would like us to consider ______________________________________________________________
     _____________________________________________________________________________________________
     _____________________________________________________________________________________________
     Points Requested ________________________________________________________________________________


                                                                                       Total Points Section C2d Max 20 _________________



                                                  EDUCATION POINT TOTAL MINIMUM 20 POIN TS ______________ (C)
D. PARTICIPATION

 1. VERMONT MORTGAGE B ANKERS ASSOCIATION PARTICIPATION
    Mini mum credits required = 40 points ; Maxi mum credits = 75 points
     VM BA Member = 5 points per year; NH Joint Mortgage Conference = 5 points per year; VM BA President = 10 points; Board
     of Governors = 7 points per year; Co mmittee Chair = 4 points per year; Co mmittee 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 MEMB ERS HIP IN OTHER ORGANIZATIONS
      Maximum credi t = 40 points
      Must be actively participating fo r a min imu m of one year. Membership of your employer, without active participation on your
      part does not count. Other organizations may include, but are not limited to; Vermont Association of Realtors, Mortgage
      Bankers Association of America, New Hampshire Bankers Association, Ho me Bu ilders & Remodelers Association, Appraisal
      Institute – Vermont Chapter, Vermont Bar Association. (5 po ints 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. S UPPLEMENTAL ACTIVITIES (Not your Employment – Generally these are Community, Housing Related Activities)
 Maxi mum credit = 20 points
    (Speaking, teaching, serving on boards or committees in a real estate or mortgage finance related acti vi ty. Point(s)
    determined by VMBA education co mmittee, 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 MEMB ER RECRUIT MENT 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 E THICS AND S TANDARDS OF PRA CTICE

                                                                       PREAMBLE

WHEREAS, the purposes for whic h the Vermont Mortgage Bankers Association was organized are:

"To promote the w elf are of the mortgage banking system in the State of Vermont and to improve its servic es to the community. To encourage among its
members sound business practices in the organiz ation, distribution, and servicing of real estate mortgage loans. To sponsor meetings for the dis cussion
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 objectiv e 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 follow ing 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
whic h they partic ipate and are acting in compliance with sound industry practices.

 CANON 2
 Members shall act in conformity w ith applicable laws and regulations and shall cooperate in every appropriate way w ith all governmental bodies in the
interest of establishing and maintaining an efficient and fair framew ork 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 prospectiv e 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 w hich 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 receiv ed.

CANON 12
Members shall cooperate w ith the Ethics and Standards of Practic e Committee in furnishing information relative to any investigation of a possible
violation of the Canons of Ethics and Standards of Practic e.

Violations of, and complaints concerning, the Code of Ethics shall be filed with the Ethics Committee.




I attest that the above informati on provi ded on this application for the VMB A CMP is accurate to the best of my knowl edge
and that I agree wi th the Vermont Mortgage B ankers Association Cannons of Ethics and Standards of Practice.

Signature: _______________________________________________                                               Date: ____________________________

								
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