| Title: | CampusMBA Unveils State-of-The Art Interactive Mortgage Management Simulation |
| Source: | MBA |
| Date: | 6/5/2008 |
Washington, D.C. (June 5, 2008)- CampusMBA, the award winning education division of the Mortgage Bankers Association (MBA), has unveiled its state-of-the-art
Advanced Interactive Mortgage Management (AIMM) simulation which debuted as part of the School of Mortgage Banking III (SOMB
III) in Chicago. AIMM is a standalone simulation that replicates the experience of running a mortgage lending operation.
"The launch of AIMM simulation represents another landmark for CampusMBA as we continue to bring innovative and meaningful
training solutions to the mortgage industry" said John Golden, Senior Vice President of Education for MBA. "AIMM simulation
is a highly effective tool that will be leveraged not only by School of Mortgage Banking III participants, but also by organizations
across the nation looking to improve and test the strategic and tactical mortgage banking management skills of their staff."
AIMM simulation is not only the center piece of the School of Mortgage Banking III experience, but CampusMBA will license
its use to organizations that want to use it for internal training purposes. While AIMM simulation is a very sophisticated
application, it is extremely user-friendly and intuitive for participants.
AIMM simulation allows participants to analyze the financial structure of a mortgage banking firm and the relationship between
operating policies and profitability. The simulation incorporates industry trends and current economic indices along with
necessary operational expenditures. Through the AIMM simulation module, users have the opportunity to make strategic decisions
based on these various factors and seek to maximize the profitability of the lending operation. The process demonstrates
the cause and effect relationship of the decisions made so participants can better understand key decision making strategy
and techniques that will help in future business transactions.
To learn more about AIMM simulation on the enterprise training level or to schedule a demonstration please call (202) 557-2826.
To learn more about CampusMBA's School of Mortgage Banking III and the AIMM simulation component call (800) 348-8653 or go
to www.campusmba.org. If you are a member of the media, please contact Aleis Stokes at (202) 557-2741.
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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry
that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the
association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand
homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and
fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety
of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies,
mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending
field. For additional information, visit MBA's Web site: www.mortgagebankers.org.