Certificate of Mortgage Advise and Practice training can be acquired either at training centers or through home study. Home study CeMAP is the most suitable training mode for those who do not have time to go to institutes. Employed and business persons considered home-based courses as a boon for their career growth. For those who wish to study at a leisurely way with slow speed, who wishes to save money, home study programme is the best option. A home study course provides extensive online training.
Home study programme facilitates people to try by themselves to become mortgage professionals. In the home study programme, the course materials, DVD / CD, syllabus and studying mode will be provided. The course material deals with financial service industry and mortgage practices. The curriculum is based on current updates, market fluctuations, and mortgage-related laws. Home study offers guidelines and requirements to become a successful agent. The programme is easy to follow. One can pass the exam at the first attempt. A fully interactive training experience at home at convenient time and speed is possible. To achieve thoroughness and clarity, you can refer to the training material many times a day.
The institutions offering the home study course conduct the exams separately. The dates will be more flexible. Regular preparation will give the participants useful and comprehensive knowledge about mortgage practices. They can offer right advice and suggestions to the clients. Even though the growth of the mortgage industry has slowed, there will be a shortage of trained personnel. The employment potential is bright for even beginners. Despite economic recession and credit crunch, the mortgage industry is a thriving sector. Innovative market strategies like fixed, discounted or capped interest rates are afloat in the market.
People today, and as always, are in need of loans to fulfill their demands and aspirations. So, mortgage advisers will always be in demand. Those who pass CeMAP exams will be legally permitted to become mortgage advisers. Group study, distance learning, training courses, online study, intensive study, home study- there are many options for those who wish to compete in the race. The CeMAP is divided into three modules- CeMAP 1, 2 & 3. Complete guidance using printed matter, CDs, syllabus details, market updates, FAQs, guides - all these items are provided to improve the performance of the participants.
The Certificate in Mortgage Advise and Practice is awarded by the Institution of Financial Services (IFS). It is recognized by the Financial Services Authority (FSA). Excellent job opportunities are waiting for those who pass the exam. Experienced professionals receive a steady income.
CeMAP 1 deals with Financial regulations of UK
CeMAP 2 relates with mortgage options
CeMAP 3 concerns with Assessment of Mortgage Advice knowledge
CeMAP 1 is the toughest module and assessed by a two-hour, 100 questions, multiple choice exam. CeMAP 2 is the mortgage module and focusses on law, practice policy, market trends, legal applications, modes of payment, different products, post completions problems, financial policy, govt stipulations, currency fluctuations. One has to grasp the course materials in CeMAP 2 and try to apply them to the case study tests in CeMAP 3.
The exam is computer-based. There will be 25 multiple choice questions on each unit (100 altogether). A score of 70% minimum in each unit of the three modules is considered a pass. If they fail, they can reappear. The grading is as follows: Pass 70%, Merit 80% and Distinction 90%- no eligibility criteria, no previous qualification and no age limit.