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Best mortgage consultant certifications
The best certifications for a mortgage consultant are Certified Sales Professional (CSP), International Accredited Business Accountant (IABA), and Certified Mortgage Consultant (CMC).
Mortgage consultant certifications demonstrate your competency as a mortgage consultant to employers. However, not all mortgage consultant certifications provide the same value.
Below is a list of the best mortgage consultant certifications. Obtaining a mortgage consultant certification will give you a leg up when you apply for jobs and increase your potential salary.
4 best certifications for mortgage consultants
| Rank | Mortgage consultant certification | Organization |
|---|---|---|
| 1 | Certified Sales Professional (CSP) | MRERF |
| 2 | International Accredited Business Accountant (IABA) | ACAT |
| 3 | Certified Mortgage Consultant (CMC) | NAMB |
| 4 | Certified Mortgage Banker (CMB) | MBA |
4 best mortgage consultant certifications
1. Certified Sales Professional (CSP)
The Certified Sales Professional (CSP) program gives a thorough understanding of consultative selling. From business creation to improved time and territory management; goal-setting to prospecting, and everything in between, attendees return to the territory with a renewed enthusiasm for selling.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
2. International Accredited Business Accountant (IABA)
ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
3. Certified Mortgage Consultant (CMC)
NAMB's most advanced credential for mortgage professionals who want to demonstrate the highest level of professionalism.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
4. Certified Mortgage Banker (CMB)
The Certified Mortgage Banker (CMB) designation is the industry standard of professional success. It symbolizes respect, credibility, ethics, and achievement within real estate finance. Earning a CMB instantly places you at the top of our dynamic industry and makes you a part of the elite group that has achieved the highest level of professional success.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required?
What is the best certification for a mortgage consultant?
The best mortgage consultant certification is Certified Sales Professional (CSP). The Certified Sales Professional (CSP) is awarded by the Manufacturers Representatives Educational Research Foundation. This certification is great to have as it shows an improvement in your competency to perform your role. You can earn this certification at the beginning of your career, as it often doesn't require a minimum education level and work experience.
Here's a bit more background on how to obtain this mortgage consultant certification:
- To become a certified Certified Sales Professional (CSP), you need to pass the exam.
- This certificate requires more than two years of work experience.
- Renew certification every 3 year.
What certifications can impact a mortgage consultant career and salary?
The Certified Sales Professional certification will help you to secure a home mortgage consultant position, which will increase your pay and career trajectory. A home mortgage consultant's average salary is $30,949 whereas mortgage consultants make an average salary of $38,934.
The most common combination of mortgage consultant certifications include: Certified Sales Professional (CSP), International Accredited Business Accountant (IABA), and Certified Mortgage Consultant (CMC).
Online courses for mortgage consultants to earn certifications
1. U.S. Residential Real Estate, Property & Mortgage Business
Property & Mortgage Underwriting Loan Processing Financial Analysis Mortgage Operations Origination...
2. Mastering the Pre-qualification Process of a Mortgage Loan
CEO and Founder of Finibi Mortgage teaches you how to pre-qualify borrowers from start to finish...
3. Become a Mortgage Loan Processor
Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...
4. Advanced Mortgage Loan Processor: Essential Skills Training
Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...
5. Start a Profitable Career as a Mortgage Loan Originator
Learn from the president and CEO of Finibi Mortgage, Joe Correa, how the entire mortgage process works...
6. Loan Processor & MLO Mortgage Math: Problems & Solutions
Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions...
7. Mortgage Backed Securities (MBS): Basic to Advanced
Financial Markets MBS Asset Securitization Mortgage Loans Cash Flows CMOs PAC Bond Tranches...
8. Banking Credit Analysis Process (for Bankers)
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...
9. Intro to Commercial Credit Analysis, Credit Risk and Lending
Commercial Credit Underwriting Lending & Commercial Credit Financial Analysis Credit Risk Foundations...
10. Financial Statement Analysis
Learn how to make understanding financial statements your superpower!...
11. Financial Analysis for Management Consultants & Analysts
A practical guide with case studies and examples of financial analyses done during consulting projects...
12. The Advanced Real Estate Financial Modeling Bootcamp
The Complete Guide To Advanced Real Estate Financial Modeling For Real Estate Investment Professionals...
13. Credit Repair: The Total Guide to a Great Credit Score
Credit Repair: A step-by-step plan to begin improving your credit within one hour of starting! Over 7,000 students!...
14. How to Read Financial Statements: Build Financial Literacy.
Read financial statements and speak the language of business without the drudgery of a traditional accounting course...
15. Audit - Financial Statement
Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...
16. Financial Statements: Balance Sheet, Income Stmt, Cash Flow
How To Quickly Read & Understand The Big 3 Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement...
17. The Real Estate Financial Modeling Bootcamp
The Complete A to Z Guide to Modeling Real Estate Transactions in Microsoft Excel For Smarter Real Estate Investing...
18. Tesla Company Analysis: Strategy, Marketing, Financials
Acquire the #1 Skill Needed For Investment banking, Private equity, and Consulting - Company analysis...
19. The Credit Analyst Training course
Learn the complete Credit Risk Analysis skills for jobs in Banks, Asset Management & Credit Rating Agencies...
20. The Real Estate Financial Modeling Interview Exam Guide
How To Ace Your Real Estate Financial Modeling Interview Exam For Real Estate Investing Careers...