Are you considering CeMAP Qualification?
CeMAP qualification is the officially and industry recognised qualification for mortgage advisors. CeMAP is an acronym that stands for Certificate in Mortgage Advice and Practice and the CeMAP qualification is the qualification that allows recognition of mortgage advisors by the Financial Services Authority.
To obtain a CeMAP qualification a person must pass three exams, one on each of the following topics: UK Financial Regulation, Mortgages and Assessment of Mortgage Advice Knowledge. The in depth study of these three topics ensures that a mortgage advisor has all of the knowledge necessary to skilfully and professionally serve their customers and meet all of the needs and expectations a customer would have for a professional mortgage advisor.
The successful passing mark required in each exam to receive a CeMAP qualification is a minimum of 70%. This high pass standard ensures that successful applicants are skilled and ready to service customers competently and professionally upon the receipt of their qualification. (If for some reason an applicant does not reach the minimum pass requirement of the exam they are allowed to re-sit the exam.)
Once a student has been successful in their endeavours and has received the CeMAP qualification they are entitled to place the letters CeMAP after their names. This will allow both customers and peers in the industry to acknowledge that the mortgage advisor is recognised by the professional body and is suitably qualified to perform his or her duties to clients.
The employment prospects for people who have achieved a CeMAP qualification are excellent and will continue to be so into the future. Presently there is a severe lack of suitably qualified mortgage advisors in the industry. Over the last few years as property values have risen and the value of the average mortgage has risen in real terms, consumers have started to shop around for mortgages in numbers never before seen. The days in which a customer accepted the offer of a mortgage from their primary bank or building society and felt privileged to receive it are long over. Consumers are now better educated than ever before and with the plethora of mortgage providers and mortgage products on offer to them they are seeking out the services of mortgage advisors who hold a CeMAP qualification to help them to obtain the mortgage that best suits their individual needs.
Your CeMAP qualification which allows you to practice as a recognised mortgage advisor is also your ticket to recession-proof employment. Mortgage advisors are in demand no matter what the economic situation is. In times of good economic conditions people will search out a mortgage advisor when investing in property. Conversely in times of economic hardship the services of a mortgage advisor are also employed by people who are finding it hard to meet their financial commitments to consolidate all of their debts into one single affordable mortgage product.
CeMAP qualification is a must for anyone who is considering becoming a professional mortgage advisor, not only as it is the only industry recognised qualification for mortgage advisors but because the public have now been educated and know to seek out only the services of someone who holds a CeMAP qualification.
