If it is your intention to embark on a career as a mortgage advisor and be successful and earn fabulous income, then the obvious route is to first become a Trainee Mortgage Advisor and arm yourself with Certificate in Mortgage Advice and Practice (CeMAP) qualification.
You may not need academic qualifications to be able to pass the CeMAP exams but the one thing you will positively need is a strong urge to succeed in a highly competitive industry.
The CeMAP consists of three different modules – the module one and two offer aspirants the knowledge and skills required to function as mortgage advisors. Module three comprises of objectivity based questions to test the applicant’s ability and aptitude to apply the understanding received from 1 and 2 modules.
To acquire CeMAP qualification, you must achieve examination passes in each of the three CeMAP modules, namely:
CeMAP Module 1 UK Financial Regulation
CeMAP Module 2 Mortgages
CeMAP Module 3 An assessment of mortgage advice knowledge
But as long as you do not hold the CeMAP qualification, you are barred from doing consultancy services on issue related to mortgage. Once you obtain the certification, you can either get gainfully employed or act as a freelancer to recommend lenders to the public.
In either case, you can expect to earn handsomely. CeMAP training courses are essentially designed for individuals who are new to the mortgage industry and without any mortgage background whatsoever. Though CeMAP was earlier more of an aptitude test conceived by the institute of Financial Services (IFS), it is today a nationwide familiar NVQ level 3 qualifications.
The test contains three main papers – multiple choice of 100 questions for CeMAP 1 & 2 and sixty subjects for CeMAP 3. To achieve overall pass and obtain CeMAP qualification, you need to pass each of the 3 CeMAP modules.
Aspirants wanting to take CeMAP training can easily find some well-organized CeMAP courses run by reputed and reliable training companies. There are different types of CeMAP training that are available classroom course, home study course and online course. There is also the seminar method of learning primarily meant for busy working professionals who are in a hurry to obtain CeMAP certification. These crash courses generally extend up to 3 days and very intensive in nature.
Most CeMAP course costs include all training materials, IFS CeMAP mock exam papers, exclusive training guides and revision notes plus all-round support. Today, CeMAP training course also comes in the form of lively CD-Roms. This is a complete training course designed to fully prepare you for CeMAP certification
You should however exercise caution when selecting the CeMAP training company as many organizations may be far too commercial-minded, relieve you of your money and provide inadequate support. The right CeMAP training institute will not only teach you the course content but guide you on the exam techniques as well. Please also make sure that the CeMAP training company you finally select assures you of success in the exam or agrees to offer free training for the subsequent attempt.
Even if you join any leading training CeMAP training company, please remember that it calls for dedication, concentration, hard work and the determination on your part to succeed and obtain the coveted certification.