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Mortgage Professionals Canada (French: ''Professionnels Hypothécaires du Canada'') is the national association representing Canada's mortgage industry. Mortgage Professionals Canada’s membership included 14,700+ mortgage brokers, mortgage lenders, mortgage insurers and other industry stakeholders. Mortgage Professionals Canada (formerly the Canadian Association of Accredited Mortgage Professionals or CAAMP) provides the Accredited Mortgage Professional (AMP) designation in Canada (French: CHA), to qualifying mortgage professionals. Mortgage Professionals Canada provides mortgage professionals with the Accredited Mortgage Professional (AMP) designation - the national designation for professionals in Canada’s mortgage industry. Mortgage Professionals Canada is also a consumer advocate, educating Canadian consumers about obtaining a mortgage, and providing access to a cross-country network of mortgage professionals.


Activities

Mortgage Professionals Canada provides advocacy, education and information to
mortgage A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
professionals, regulators, and mortgage consumers, to help ensure a transparent and ethical mortgage marketplace in Canada. Mortgage Professionals Canada’s activities include: * Providing awareness to Canadian consumers of the benefits of dealing with a mortgage broker * Commissioning an annual survey report on the Canadian residential mortgage market, released annually in the spring * Advocating for member interests on legislative and regulatory issues * Developing, monitoring and promoting mortgage industry standards and conduct, including Mortgage Professionals Canada’s ''Mortgage Origination Standards'', which represent the minimum standards of care and due diligence required for the acceptance, completion and submission of mortgage loan applications during the normal course of business * Delivering training for mortgage professionals through its professional development courses, including licensing and re-licensing courses, broker courses and AMP designation program courses through Mortgage Campus. Mortgage Professionals Canada is the official provider of: :* Mortgage Broker and Mortgage Agent education programs that provide Government of Ontario licensing for brokers and agents. :* Mortgage Salespersons Licensing Courses in Manitoba :* Mortgage Associate licensing courses in Saskatchewan :* Materials (Introduction to the Canadian Mortgage Market and Introduction to the Canadian Mortgage Industry 4th ed., 2012 ) for B301 & B321 courses Bachelor of Applied Business – Accounting & Financial Planning courses at George Brown College * Provide regulatory and educational information to mortgage consumers and association members * Help Compliance Officers, Fraud Investigators, Quality Assurance Professionals and Corporate Senior Management teams learn of developments of fraudulent activities and fraud prevention initiatives within the mortgage industry through its ''Mortgage Fraud Summits'' * Publish ''Mortgage Journal'' magazine eight times annually in English and French, in both print and online formats * Provide education and networking opportunities to members through its annual ''Mortgage Forum conference''


AMP designation

Mortgage Professionals Canada created the Accredited Mortgage Professional (AMP) designation in 2004 to increase the level of professionalism in Canada’s mortgage industry. AMPs must meet a number of qualifications, which include successfully completing mortgage education courses that cover ethical practice and responsibilities, and completing Continuing Education (CE) units each year in order to maintain their designation.


Annual conference

Held annually in the fall, Mortgage Professionals Canada’s Mortgage Forum is the largest gathering of mortgage professionals in Canada. The conference offers educational and informational sessions designed to help attendees advance their business, and features keynote speakers, a
trade show A trade fair, also known as trade show, trade exhibition, or trade exposition, is an exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products and services, meet with industry partners and ...
and networking opportunities for attendees. The 2013 Mortgage Forum was held November 24–26, 2013, in Toronto, Ontario. The 2014 Mortgage Forum will be held in Montreal, Quebec.


Governance

Mortgage Professionals Canada is governed by a 6-person executive committee and a 11-perso
of Governors, board of directors
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The Foundation

The Foundation (nonprofit), Foundation is committed to raising awareness of the importance of financial literacy and responsible consumer borrowing through a variety of initiatives, such as contributions to
Habitat for Humanity Habitat for Humanity International (HFHI), generally referred to as Habitat for Humanity or Habitat, is a US non-governmental, and nonprofit organization which was founded in 1976 by couple Millard and Linda Fuller. Habitat for Humanity is a C ...
, funding of research projects, the provision of education materials and publications as well as establishing scholarships for emerging leaders. The Foundation also currently funds scholarships for post-secondary students in need of financial assistance to assist with their education.


See also

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Real estate broker A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and ag ...
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Real estate trends A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortg ...
*
List of real estate topics This aims to be a complete list of the articles on real estate. __NOTOC__ # * 72-hour clause A * Abandonment * Abstract of title * Acceleration clause * Accession * Acknowledgment * Acre – a measure of land area * Action to quiet tit ...
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Canadian Real Estate Association The Canadian Real Estate Association (CREA; , ACI) is a trade association that represents real estate brokers, agents, and salespeople in Canada. CREA's membership includes over 130,000 individuals, working through 90 real estate boards and assoc ...
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Appraisal Institute The Appraisal Institute (AI), headquartered in Chicago, Illinois, is an international association of professional real estate appraisers. It was founded in January 1991 when the American Institute of Real Estate Appraisers (AIREA) and the Society ...
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Mortgage fraud Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase, or insure a loan secured by real property. Criminal offenses may be prosecuted in eith ...
*
Canada Mortgage and Housing Corporation Canada Mortgage and Housing Corporation (CMHC) (french: Société canadienne d'hypothèques et de logement) (SCHL) is Canada's national housing agency, and state-owned mortgage insurer. It was originally established after World War II, to help re ...


References


External links


Mortgage Professionals Canada website
{{Authority control Real estate industry trade groups based in Canada Trade associations based in Canada 1994 establishments in Canada