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City & Suburban chief earns top Mortgage Bankers award.

Thomas W. Schettino, president of City & Suburban Federal Savings Bank announced that Joseph J. Laquidara, senior vice president & Chief Mortgage Officer has just been awarded the prestigious designation of Certified Mortgage Banker (CMB) by the Society of Mortgage Bankers and Campus

MBA of The Mortgage Bankers Association in Washington, DC.

He will officially graduate and receive his CMB award at the MBA CREF 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, 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 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.

In addition, make sure to read these articles:

  • Calendar of events.
    • May 2006 May 7-10 MBA National Secondary Market Conference & Expo, Chicago May 7-12 MBA School of Mortgage Banking Course I, Nashville, Tennessee May 15-16 ......
  • No Red Tape's Aaron Brill Earns Prestigious Certified Mortgage Banker Designation...
    • SHERMAN OAKS, Calif. -- No Red Tape Mortgage(TM), the nation's premier jumbo-only wholesale lender, announced that CampusMBA, the educational arm of the Mortgage Bankers ......
  • Calendar of events.
    • AUGUST 2005 Aug. 3-5 Colorado Mortgage Lenders Association (CMLA) Annual Convention, Vail, Colorado [www.cmla.com] Aug. 7-10 American Society of Appraisers (ASA) 2005 International Appraisal Conference, ......
  • Janet A. Harnaga. (Management Personnel: Who's News).
    • City & Suburban Federal Savings Bank announced that Janet A. Harnaga has been appointed as senior vice president of mortgage services. Harnaga has more than ......
  • Paul B. Hugus.
    • Paul B. Hugus Paul B. Hugus, a mortgage banker and licensed realtor since 1968, has been named president of Anderson Realty Capital Corp. Hugus will ......
  • Become a CMB--make a commitment to yourself and your profession.
    • As THE MORTGAGE BANKING AND financial services industry continues to feel the impact of legislative and regulatory efforts to address misdeeds and unethical behavior in ......
  • The CMB designation turns 30
    • HEADNOTE After almost two years of careful study and planning, the certified mortgage banker (CMB) designation was established in 1973. IN THE EARLY 1970s, THE ......
  • Become a CMB-make a commitment to yourself and your profession
    • AS THE MORTGAGE BANKING AND financial services industry continues to feel the impact of legislative and regulatory efforts to address misdeeds and unethical behavior in ......
  • Honors
    • Len Fischer, vice president, residential risk management, of First Financial Bank, NA, Terre Haute, has been named a certified mortgage banker. He has been with ......
  • The CMB designation turns 30. (Executive Essay).
    • IN THE EARLY 1970S, THE MORTGAGE Bankers Association of America (MBA) Education Committee and Board of Governors recognized the need to develop a professional designation ......
  • Honors
    • IMAGE PHOTOGRAPH 1 Len Fischer, vice president, residential risk management, of First Financial Bank, NA, Terre Haute, has been named a certified mortgage banker. He ......
  • Couch's credentials
    • HEADNOTE The incoming chairman of the Mortgage Bankers Association has clerked for a Supreme Court justice and is a certified public accountant. Rob Couch, president ......
  • COMBOG's New Leadership
    • THE BROAD INDUSTRY EXPERIENCE OF THE NEW commercial/multifamily leadership for the Mortgage Bankers Association (MBA) mirrors the theories of comparative advantage and division of labor ......
  • Lots of Moxie
    • Regina Lowrie DIDN'T SET OUT TO BE A CHIEF EXECUTIVE. But she's every inch of one now-all 5 feet, 3 inches of her. She didn't ......
  • CURRENT COMBOG CHAIR Dan Phelan
    • IMAGE PHOTOGRAPH 1 Listen to what Dan Phelan has to say about his priorities as COMBOG chair, and on the charms of his home city, ......
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