True financial professionals know that The Certificate in Mortgage Advice and Practice (CeMAP) is awarded by the Institute of Financial Services (IFS). Also, that it meets the requirements identified by the Financial Services Skills Council (FSSC), is accredited by the Qualifications and Curriculum Authority (QCA), and incorporated into the National Qualifications Framework at level 3. Most importantly: it is recognized by the Financial Services Authority (FSA) as an appropriate qualification.
It's natural that more and more people want to achieve the CeMAP qualification as experienced mortgage advisers enjoy top incomes and great lifestyles. Now they have a real advantage: they can register online on the web sites of CeMAP training specialists and choose from 3 study options: full time, part time and home study.
The CeMAP 1 module, is split into two units. Look for courses that provide in-depth training across the whole CeMAP 1 syllabus, focusing on the learning outcomes necessary to achieve examination success. Candidates need to be provided with knowledge and understanding of the UK financial service industry and the environment in which it operates. CeMAP 1 is regarded as the toughest of all three modules and as such special attention needs to be given to it! CeMAP 1 is assessed by a two-hour, 100 question, multiple choice examination.
CeMAP 2 is the Mortgages module, and is split into four units and focuses upon, law, practice policy and markets, application, payments methods and products and post completion issues. Look for courses that will provide In-depth training across the whole syllabus, honing in on the learning outcomes necessary to achieve examination success. You need to learn the exact knowledge and understanding of all the key critical areas of CeMAP 2 and how to apply them to the case study tests in CeMAP 3. The examination is computer based and consists of 25 multiple choice questions on each unit (100 in total).
The final knowledge assessment module, CeMAP 3, requires you to apply the knowledge and understanding of modules one and two, by applying suitable mortgage solutions within the regulatory and ethical framework. This module requires you to:
Analyze consumers circumstances
Apply mortgage solutions
Identify consumers needs and make suitable recommendations
Understand the advice process, UK Finance industry and the different types of mortgage solutions
Students must achieve a minimum of 70% in each unit of the 3 modules. If students don't gain 70% in any unit/s within a module they will have to re-sit. The gradings are as follows: Pass 70%, Merit 80% and Distinction 90%.
Participation in the Certificate in Mortgage Advice and Practice program does not have a requirement for any previous qualifications and is not subject to age restrictions. However in most cases to get employment people should be over 16 years of age and there is no upper age limit.
Just as you're reading this article, there is a Training Academy which prides itself in delivering high quality Full CeMAP training at affordable prices. Once you decide to trust this company in helping you on your first steps to becoming Mortgage / Financial Advisor, they will do their utmost to ensure they continue to earn your trust. You will stay with them until you pass at no extra or hidden costs.
So, get ready to pass your CeMAP 1, 2 & 3 quickly!
