about the CeMAP qualification

Certification for Mortgage Advice and Practice (CeMAP) is the beginning for future mortgage advisers in the UK. This is a necessary qualification to become a licensed adviser to start your own business or work in a mortgage company. When thinking about the requirement of money lending in what is successfully a global capitalist economic system the demand for mortgage lending is needed almost as much as simple needs such as food or water. Since this demand is so widespread, including CeMAP on your resume is one of the first key requirements for a long and prosperous career.

To successfully acquire a CeMAP qualification you must begin with a broad overview of the financial markets. This includes the types of assets classes available and the services that one can provide as a mortgage adviser. A CeMAP qualification should serve as the foundation of future work in which topics such as legal issues, financial advice, and tax strategies which will apply in the future. The basic theories of mortgages, home buying processes, and repayment option strategies are covered as well. One of the most important will be individual consumer analysis (identifying the best mortgage package available to the future borrower so that the loan is repaid benefiting the borrower in his/her financial goals and maintaining good credit status).

There are three modules in the CeMAP that you must pass:

► CeMAP 1: UK Financial Regulation
► CeMAP 2: Mortgages
► CeMAP 3: Assessment of Mortgage Advice Knowledge.

Deciding to do a CeMAP qualification is an interesting career path choice if you have the means for understanding a broad financial market and capability of communicating that knowledge effectively to future borrowers. The salary cap is limitless considering that the market for loans will be in constant demand, and it lies solely upon the individual to make their career choice as a mortgage adviser a successful adventure.