City & Suburban chief earns top Mortgage Bankers award.Thomas W. Schettino, president of City & Suburban Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks announced that Joseph J. Laquidara, senior vice president & Chief Mortgage Officer has just been awarded the prestigious designation of Certified Mortgage Banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. (CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. ) by the Society of Mortgage Bankers and Campus MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration of The Mortgage Bankers Association in Washington, DC. He will officially graduate and receive his CMB award at the MBA CREF CREF College Retirement Equities Fund CREF Cross Reference CREF Connection Refused CREF Computer Ready Electronic Files CREF Capital Region Energy Forum CREF Computer Resources Evaluation Facility CREF Centre de Recherche en Ecologie et Forestrie Conference of the Association in Orlando, Florida. Described as the pinnacle designation of the real estate finance industry, the CMB requires 5 years of intensive study with written and oral exams covering a wide variety of topics such as: comprehensive industry issues; real estate law; commercial lending; commercial servicing; construction lending; and capital markets. Laquidara met all the criteria after spending many years as a mortgage correspondent and originator. Besides his position at C&S Bank, Laquidara has been an officer of the Metropolitan Mortgage Officers' Society and is their immediate past president. He is also on the Board of Governors of the Mortgage Bankers Association of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , a Governor of the Bronx/Manhattan Board of Realtors and member of the Real Estate Board of New York. The Mortgage Bankers Association was founded in 1914 and today serves nearly 2,800 companies involved in residential, multifamily and commercial companies, as well as industry related service providers and state associations. It links housing and community financing needs to capital sources, both domestic and global. It also provides a voice on Capitol Hill and with the federal regulatory agencies. The Certified Mortgage Banker (CMB) designation program was started in 1973 for members of the Mortgage Bankers Association who have demonstrated through education, experience and performance a proficient knowledge of the broad spectrum of real estate finance. The requirements include a system of points applied to the candidate's qualifications, with 150 points needed for advancing to the testing phase. Martin S. Berger, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of C&S Bank also congratulated Laquidara on his distinguished accomplishment and said that C&S Bank is proud to have him as the head of its Mortgage Department. |
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