Cemap Qualifications – Provides and advances
Cemap qualifications are necessary if you are advising customers or clients with anything regarding mortgages and which may be right for them. Cemap qualifications are suitable for beginners who are just entering the mortgage industry. However, expect to spend a bit more time studying for the Cemap qualifications if you do not have an experienced knowledge base to work from.
There are some who believe that the Cemap qualifications should be done prior to gaining first hand knowledge as it helps to provide a space where individuals are looking at the material literally instead of comparing it to information learned in the field.
Cemap qualifications can be obtained through a variety of sources. There a number of training programmes, which can help, you to obtain your Cemap qualifications at home in your spare time. There are also Cemap qualifications courses that are offered through workshops and other types of in class, in person training environments.
The Cemap qualifications consist of several parts. The first part of the Cemap qualifications takes a look and focuses on the background behind mortgage advice. The second of the Cemap qualifications looks just at mortgages and the third is a combination testing in an application-based format rather then through memorization. In other words, can you apply the knowledge you learned.
There are also advanced Cemap qualifications for those who have already obtained the standard basic Cemap qualifications. These advanced Cemap qualifications provide an Cemap certification holder to expand their technical skills and knowledge. They provide development in areas dealing with customer treatment.
The modules available for this level of Cemap qualifications include
Supervising in a regulated environment
Alternative Residential lending
Equity Release
Study time for each module is between 40 and 60 hours so a total of 120-180 hours for the entire course to obtain advanced Cemap qualifications. The Qualification level for this course is recognized at level 3.
Study materials are also available with home study courses and include Specimen examination papers. It is important to note that if any CDT’s are available they are most likely not compatible with Vista operating systems.
Materials for the advanced Cemap qualifications are updated annually and are usually made available in July. The changes and updates are reflected on the September examination so be sure to obtain the updated information if you are taking the examinations after July.
The advanced Cemap qualifications examinations for the CeRCC there are 75 multiple-choice questions and the exam lists for 90 minutes. Supervising in a regulated environment is also 75 questions and 90 minutes. Equity release consists of 2 segments with 50 questions and a total of 60 minutes. There are 3 case studies for Alternative Residential lending each with 10 multiple-choice questions and 60 minutes duration and two units of 50 multiple-choice questions and another 60 minutes duration. For commercial mortgages, there are also 3 case studies with 10 questions each and an hour to complete the exam, with 50 questions and another hour for the 2 units. The same is also available for the Regulated complaints handling examination of the advanced Cemap qualifications.
