Certificate in Mortgage Advice and Practice

The Certificate in Mortgage Advice and Practice (CeMAP) is a QCF Level 3 UK-specific qualification for mortgage advisers offered by The London Institute of Banking & Finance. It meets the standards required by the Financial Conduct Authority to practice as a 'licensed' adviser – 80% of UK advisers holding the qualification.[1]

CeMAP qualification process

The qualification comprises seven mandatory units that are studied and assessed in three modules as follows:[1]

Module 1

Module 2

  • Unit 3 - Mortgage Law, Policy, Practice and Markets
  • Unit 4 - Mortgage Applications
  • Unit 5 - Mortgage Payment Methods and Products
  • Unit 6 - Mortgage Arrears and Post Completion Issues

Module 3

  • Unit 7 - Assessment of Mortgage Advice and Knowledge

Higher level qualifications

The London Institute of Banking & Finance offers CeMAP holders a higher level CeMAP Diploma[2] and existing mortgage advisers certificates in Regulated Equity Release (CeRER), Regulated Complaints Handling (CeRCH) and Regulated General Insurance (CeRGI).[3]

References

  1. 1 2 "Level 3 Certificate in Mortgage Advice and Practice (CeMAP®) - 501/0629/6". www.libf.ac.uk. Retrieved 2016-10-04.
  2. ↑ "CeMAP Diploma". www.libf.ac.uk. Retrieved 2016-11-09.
  3. ↑ "Qualifications in Mortgage Advice". www.libf.ac.uk. Retrieved 2016-10-04.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.