CEMAP, Certificate in Mortgage Advice & Practice is a qualification that is recognized by the Financial Services Authority. People who take up this course can work as mortgage advisors and there is a lot of scope for this qualification. This is because it is a well-known fact that mortgage industry is currently going through a jagged scrap and this is because of the changing economic climate. The exam format consists of three modules CeMAP 1, CeMAP 2 and CeMAP 3. Here in this article you will be able to find in some useful information about these three modules along with some tips on how to clear the exam. Now let us see the three modules in detail along with the contents of it. Introduction to Financial Services & Products and UK Regulation Assessment of Mortgage Advice and Knowledge Synoptic Paper
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CeMAP 1 is all about the introduction to Financial Services & Products and UK Regulation and it is concerned with giving a general idea of the whole financial services market in the UK. A lot of people find this exam to be a little scary as it wraps so many diverse facets of financial services. The CeMAP 1 takes account of two units and in each unit you have to come back with 50 questions in one hour with the pass mark for each being 35 (70%). An overview of financial services market covering taxation, investments,
savings along with mortgage and pensions will be covered in unit 1. Conjointly, it adds with some detailed information of the principles of giving financial advice and the law with regard to financial services. On the other hand, unit two is all about the regulation of the financial services industry. Connected 2
with the function of the Financial Services Authority, money laundering, data protection and complaints and compensation Coming to CeMAP 2 it is all about Assessment of Mortgage Advice and Knowledge. Totally there will be 25 questions on each unit and you have to get 17 correct answers on each unit. This unit is concerned with the law in relation to mortgages along with the deals in mortgage applications also covers mortgage repayments and products together with the outlines post completion issues. Finally the synoptic paper and it is based around answering questions on case studies. Containing 6 case studies and 10 questions on each case study making 60 questions in total; To get though this module you need to answer correctly 42 out of 60 (70%). No separate subject content for CeMAP 3. It is based on exactly the same information and content as CeMAP 2. This is why we do the CeMAP 2&3 within the same training course. There are several groups and institutes out there that train a lot of CeMAP professionals each year. Nevertheless, it is necessary to unearth the best institute that will proffer with the perfect training to make you a great mortgage professional.
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