The Certificate in Mortgage Advice and Practice (CeMAP) is a
QCF
The Qualifications and Credit Framework (QCF) was the national credit transfer system for education qualification in England, Northern Ireland and Wales until October 2015.. The replacement was the Regulated Qualification Framework.
The QCF rep ...
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
The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The ...
to practice as a 'licensed' adviser – 80% of UK advisers holding the qualification.
CeMAP qualification process
The qualification comprises seven mandatory units that are studied and assessed in three modules as follows:
Module 1
* Unit 1 - Introduction to
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
Environments and Products
* Unit 2 - UK Financial Services and
Regulation
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For ...
CeMAP Module 1 Exam:
The CeMAP Module 1 exam consists of 100 multiple choice questions in total. The first 50 questions are based on Unit 1 and the remaining 50 questions are based on Unit 2. Students must achieve a score of 70% or more to pass this unit. The test is currently conducted at the Pearson VUE test centres in the United Kingdom.
Module 2
* Unit 3 -
Mortgage Law, Policy and Markets
* Unit 4 -
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 pu ...
Applications
* Unit 5 - Mortgage Payment Methods and Products
* Unit 6 - Mortgage
Arrears and Post Completion
CeMAP Module 2 Exam:
The CeMAP Module 2 exam consists of 100 multiple choice questions in total that are divided into categories. 25 questions will be based on Unit 3, 25 questions for unit 4, 25 questions for unit 5 and 25 questions for unit 6. Students must achieve a score of 68% or more in each category to pass this exam. The test is currently conducted at the Pearson VUE test centres in the United Kingdom.
Module 3
* Unit 7 - Assessment of Mortgage Advice and Knowledge
CeMAP 3 Exam:
The CeMAP Module 3 exam consists of 60 multiple choice questions in total. The student will be presented with 6 scenarios and will be asked 10 questions for each scenario. Students must achieve a score of 70% or more to pass this unit. The test is currently conducted at the Pearson VUE test centres in the United Kingdom.
Higher level qualifications
The London Institute of Banking & Finance offers CeMAP holders a higher level CeMAP Diploma and existing mortgage advisers certificates in Regulated Equity Release (CeRER).
References
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Mortgage industry of the United Kingdom
Professional certification in finance