CMB Cheat Sheet 2026

The 30 highest-yield CMB facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. Which of the following is a sign that food may have been time-temperature abused? → Food is warm to the touch.
2. A loan originator is structuring a compensation plan. According to Regulation Z, which of the following methods is permissible? → A commission that is a fixed percentage of the loan amount for all transactions.
3. Why is it important to label and date data products upon receipt? → To track when the product was received.
4. Under Regulation B (ECOA), a creditor who requests information about a spouse or former spouse NOT applying for joint credit is doing so improperly UNLESS: → The applicant lives in a community property state and the income is relied upon
5. What is a digital mortgage 'decisioning engine' used for? → Automating credit policy rules to provide real-time loan eligibility decisions
6. How should frozen food products be handled upon delivery? → Ensure they are solid and have no signs of thawing.
7. What does 'duration' measure in the context of mortgage-backed securities? → The price sensitivity of an MBS to changes in interest rates
8. A CMB professional who receives confidential client financial information must NOT: → Disclose it to third parties for marketing or personal gain
9. What is the purpose of using a thermometer during food delivery inspection? → To verify the food's temperature.
10. What is the purpose of using a thermometer during data delivery inspection? → To verify the data's temperature.
11. Which temperature range is considered safe for refrigerated food deliveries? → 41°F (5°C) or below
12. What is the primary data security concern when a mortgage company stores borrower PII in a cloud environment? → Data breach risk requiring compliance with state and federal data protection regulations
13. What is the purpose of using a thermometer during food delivery inspection? → To verify the food's temperature.
14. Under the MBA's Code of Ethics, a CMB-certified professional must disclose which of the following to clients at the point of application? → All material fees, terms, and the nature of the lender's compensation
15. What should you check on the packaging of data deliveries? → Intact seals, no damage, and proper labeling.
16. Which of the following is NOT a required disclosure under the Integrated Mortgage Disclosure (TRID) rule? → The borrower's internal credit risk grade used by the lender
17. What should you check on the packaging of food deliveries? → Intact seals, no damage, and proper labeling.
18. What does 'blockchain' technology offer as a potential benefit in real estate and mortgage transactions? → Immutable, transparent record-keeping that could streamline title history and reduce fraud
19. What cybersecurity threat specifically targets the mortgage industry through fraudulent wire transfer instructions sent via email? → Business Email Compromise (BEC) / wire fraud
20. Which term describes the use of machine learning to detect fraudulent loan applications by identifying anomalous data patterns? → AI-driven fraud detection
21. A mortgage banker's duty to maintain confidentiality of borrower information continues: → Indefinitely, even after the business relationship ends
22. A CMB professional receives a referral fee from a title company for directing clients to that company. Under RESPA Section 8, this arrangement is: → Prohibited because it constitutes an unearned kickback
23. Which temperature range is considered safe for refrigerated food deliveries? → 41°F (5°C) or below
24. How should frozen food products be handled upon delivery? → Ensure they are solid and have no signs of thawing.
25. Which practice involves a mortgage professional misrepresenting a borrower's income, assets, or employment to obtain loan approval, constituting mortgage fraud? → Application fraud or misrepresentation
26. Why is it important to label and date food products upon receipt? → To track when the product was received.
27. What should you do if a food product delivery includes damaged or spoiled items? → Reject the damaged or spoiled items.
28. Which temperature range is considered safe for refrigerated food deliveries? → 41°F (5°C) or below
29. Why is it important to label and date food products upon receipt? → To track when the product was received.
30. Which cybersecurity framework is most commonly referenced by U.S. mortgage companies to manage information security risks? → NIST Cybersecurity Framework