Full IFS CeMAP Training

CeMAP Training

So what is CeMAP?

• CeMAP - the Mortgage Advisors Qualification
• 3 papers - Multiple choice
• 100 questions for CeMAP 1 & 2
• 60 questions for CeMAP 3
• Exams can be taken at your convenience

The Certificate in Mortgage Advice and Practice (CeMAP) is a recognised qualification awarded by the ifs School of Finance, through its parent body The Chartered Institute of Bankers (CIB). The CeMAP qualification has been developed with the co-operation of the Council of Mortgage Lenders (CML).

The CeMAP qualification is the prerequisite for anybody providing mortgage advice. CeMAP is a nationally recognised NVQ level 3 qualification.

Why CeMAP now?

• 2004, the FSA regulated the Mortgage Market
• No one is allowed to give advice if he / she is not suitably qualified
• The numbers of qualified people are only a QUARTER of the actual demand

About CeMAP

The Certificate in Mortgage Advice and Practice (CeMAP) is awarded by the ifs School of Finance. It meets the requirements identified by the Financial Services Skills Council (FSSC), is accredited by the Qualifications and Curriculum Authority (QCA), and incorporated into the National Qualifications Framework at level 3. Most importantly it is recognised by the Financial Services Authority (FSA) as an appropriate qualification.

Under FSA rules it is compulsory to have a full CeMAP qualification if you wish to give advice on mortgages. The CeMAP qualification is made up of 3 modules, all of which must be completed to achieve the qualification.

• CeFA/ CeMAP module 1: UK Financial Regulation (made up of two units).
• CeMAP module 2: Mortgages (made up of four units).
• CeMAP module 3: Assessment of Mortgage Advice Knowledge.

Examinations

Modules 1 and 2 are assessed in a two-hour exam consisting of 100 multiple choice questions. Module 3 is assessed in a two hour exam, but is made up of 60 questions based on six case studies. Examination can be taken in most town and cities in the UK, (at driving theory test centres) and are computer based. You receive your results immediately.

Each exam has a minimum pass mark of 70% per unit. For instance, CeFA/ CeMAP 1 is made up of two units, and a score of 70% must be achieved in each unit to pass the module. A mark of 80% or higher receives a merit, and a mark of 90% or over receives a distinction. Should you fail a specific unit, you only have to resit the specific unit rather than the entire module.

Benefits to you:

• 10 days solid training - We don't short change you with less!
• Teaching by FSA registered industry pro's
• Trainers with vast teaching experience
• Study pack
• lots of materials/study aids supplied.
• Access to online learning zone
• Small interactive classes (on average 8-10 students)
• mock exams, past question papers
• 90% pass rate
• Progression routes advice and assistance
• Refreshments
• Easy Access from Liverpool Street (train)
• Easy Access from M25, A406 (Car)