{"id":1297,"date":"2007-04-12T21:45:47","date_gmt":"2007-04-13T04:45:47","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1297"},"modified":"2007-04-12T21:45:47","modified_gmt":"2007-04-13T04:45:47","slug":"ask-the-audience-what-does-the-cmps-designation-mean-to-you","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1297\/ask-the-audience-what-does-the-cmps-designation-mean-to-you\/","title":{"rendered":"Ask the Audience: What does the CMPS designation mean to you?"},"content":{"rendered":"

I’ve been wondering about this Certified Mortgage Planning Specialist<\/a> ( CMPS ) designation some of us loan hacks are displaying now. I remember hearing Barry Habib discuss “strategic equity management”<\/a> back in 2002. I thought , “It’s about time! ” when he discussed that strategy. I had a securities brokerage background so the concept of a mortgage as a financial planning tool wasn’t alien to me.<\/p>\n

Then they created this designation, the CMPS. I often chuckled at the litany of letters that followed a Realtor’s name on a business card. I used to think that they were somewhat narcissistic but now realize that they do represent a commitment to lifelong education. I considered the CMPS designation as one more racket.<\/p>\n

Papa Joe (my father) used to tell me that you should wear your education like a watch; for use and not for show. I was taught that the mark of an educated man was his comportment not his resume. I still believe that but have realized that many originators whom I respect<\/a> display the CMPS designation.<\/p>\n

The CMPS designation marks membership in the Certified Mortgage Planning Specialist Institute. It means you’ve completed 18 hours of education<\/a> in the areas of taxation, financial markets, cash flow and debt analysis, and most importantly, equity management. It means you’ve subscribed to a Code of Ethics<\/a> that exceeds the state requirements and commit to using mortgage products as part of, what Jeff Brown would call, a purposeful plan<\/a>. It means that you’ll carefully scrutinize the suitability of the mortgage recommendation to a borrower’s financial situation.<\/p>\n

I’d like to think I practice those principles now<\/strong>.<\/p>\n

I’m starting to think this is a step in the right direction for our industry. Perhaps the designation is somewhat obscure right now but it might be quite popular if ethical originators committed to such practice. The designation may be the first step to taking back our industry from the boiler rooms and point mongers. Responsible originators should build the “brand”. That’s what I’m thinking today.<\/p>\n

So, I ask the audience? Is this designation useful? Would you prefer dealing with a CMPS? Is it worth the $1,400 Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve been wondering about this Certified Mortgage Planning Specialist ( CMPS ) designation some of us loan hacks are displaying now. I remember hearing Barry Habib discuss “strategic equity management” back in 2002. I thought , “It’s about time! ” when he discussed that strategy. I had a securities brokerage background so the concept of […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-1297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1407,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1407\/interview-with-robert-ashby-cmps\/","url_meta":{"origin":1297,"position":0},"title":"Interview With Robert Ashby, CMPS","author":"Brian Brady","date":"May 14, 2007","format":false,"excerpt":"I interviewed Robert Ashby, a Certified Mortgage Planning Specialist, in this 15 minute podcast. Robert's background is also in securities sales so he and I have much in common. Robert was the first CMPS in Florida and is President of Solid Rock Mortgage Corporation. He runs a site called Mortgage\u2026","rel":"","context":"In "Interview"","block_context":{"text":"Interview","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/interview\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1304,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1304\/designations-real-education-marketing-give-me-a-break\/","url_meta":{"origin":1297,"position":1},"title":"Designations — Real Education — Marketing — Give Me A Break","author":"Jeff Brown","date":"April 15, 2007","format":false,"excerpt":"I apologize in advance for the War and Peace length of this post. And also to those who, even though my intent is good, will become offended at the thoughts offered. My intention here is to offer real clarification to real estate investors as to what is really required in\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1825,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1825\/the-peoples-choice-award-pick-the-best-of-this-weeks-real-estate-writing\/","url_meta":{"origin":1297,"position":2},"title":"The People’s Choice Award: Pick the best of this week’s real estate writing","author":"Greg Swann","date":"August 19, 2007","format":false,"excerpt":"Here is the (not very) short list of this week's nominees for The Odysseus Medal. You can vote for one of these posts for the People's Choice Award. These are this week's entires:Dan Green -- How Sub-Prime and Alt-A Mortgage Markets Are Behaving Like NFL Draft Picks Patrick Kapowich --\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":633,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/633\/how-i-almost-wasnt-an-e-pro-why-you-shouldnt-wait-to-the-last-minute-to-do-your-homework\/","url_meta":{"origin":1297,"position":3},"title":"How I almost wasn’t an e-Pro: Why you shouldn’t wait to the last minute to do your homework . . .","author":"Cathleen Collins","date":"November 13, 2006","format":false,"excerpt":"Shhh. Come closer. I have a confession to make. This past week I became an e-Pro! It took me an entire six months to become one -- not because it was so difficult, nor because I was so very busy, but because I wasn't motivated. Then why, you might wonder,\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7419,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7419\/fart\/","url_meta":{"origin":1297,"position":4},"title":"FART","author":"Ryan Hartman","date":"March 10, 2009","format":false,"excerpt":"I'm not going to buy a CSM from SSMI. I'm already a FART. Fracking Awesome Realtor Technologist Ok, you got me. FART's not a real designation. You can't go to any classes and pick up a FART- I cooked this one up in my living room a few minutes ago\u2026","rel":"","context":"In "Technology"","block_context":{"text":"Technology","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/technology\/"},"img":{"alt_text":"FART Realtor designation","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/03\/fart.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3786,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3786\/the-just-exactly-how-dumb-are-you-realtor-spam-of-the-decade-recs-wrecks-twenty-six-reputations-for-only-a-buck\/","url_meta":{"origin":1297,"position":5},"title":"The just-exactly-how-dumb-are-you Realtor-spam of the decade: RECS wrecks twenty-six reputations for only a buck","author":"Greg Swann","date":"August 6, 2008","format":false,"excerpt":"This incites no end of questions for me. For example, exactly how will my mastery of Real Estate Cyberspace have improved by sending these schmucks a dollar? If I send two dollars, can I be twice as wizardly? Precisely how much value should my clients put on a real estate\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1297"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}