Certificate in Mortgage Advice and Practice (CeMap)
The Certificate in Mortgage Advice and Practice (CeMap) is a qualification that allows a person to become a mortgage advisor. Without a CeMAP, a person can not offer any public advice regarding mortgage. Being a mortgage advisor is a lucrative career and getting a CeMAP qualification is a requirement to becoming one. With a CeMAP qualification, an individual can practice as a mortgage advisor whether for mortgage or a financial services company of as a freelance advisor. As a CeMAP qualified mortgage advisor, you can offer services on mortgage packages and recommend lenders to clients.
Anyone interested in starting a career in the industry needs to pass the CeMAP exams. Without it, he doesn’t stand a chance of working in the industry as a Mortgage Advisor. The CeMAP qualification is a measure of your ability to offer sound advice on mortgages and lenders. Passing the CeMAP involves passing the three papers. The first paper is covers a wide range of topics regarding financial services. This is said to be the most difficult among the three papers owing to the wide coverage. The second part is focused entirely on mortgage and the third paper is the case study or the practical application of the end paper.
Many testing centers recommend taking the exams in this order - 1, 2, 3. The first part requires the longest preparation because it is the hardest. The third exam must be taken soon after passing the second exam because the syllabi for the two tests are usually the same.
There are plenty of career opportunities in the mortgage industry especially in the near future when the current mortgage advisors retire. This is why people are now looking into getting their CeMAP certifications and switching careers to the financial services.
The Institute of Financial services handle the CeMAP qualifiers. A student can choose the exam schedule and place and the IFS will handle the administration. There are over 150 test centers that you can choose from.
It is best to undergo a CeMAP training to get the knowledge and skills to qualify for the CeMAP. The CeMAP can be taken by anyone including those who are completely new on the mortgage industry. Some training programs offer basic lessons for those who are newcomers to the industry. More training courses can be taken to increase knowledge on mortgages. There are also comprehensive programs that will prepare a student for the CeMAP exams and for the mortgage industry.
There are different types of training programs from home study programs to classroom based training. Different programs have different syllabi. Some courses are basic while others are more advanced and comprehensive. The kind of program that will be most beneficial for you depends on the amount of knowledge you have on the industry and what type of learning method you are most comfortable with. The amount of time you need to study for the CeMAP also depends on these two factors. Be careful in choosing the right CeMAP training program to enroll in.
