The Training That Will Make You A Better Mortgage Adviser And The Different Learning Formats Available

Making sure you have the correct training for your field of work is essential if you want to leave your mark and create a great impression. If you’re entering the exciting world of fiduciary-pledgemortgage advising there is some training that you’ll need in order to have great a knowledge base and impress your clients and employers. It’s easy to get started, so make sure you go to a reputable mortgage adviser trainer to start your learning.

Certificate in Mortgage Advice & Practice (CeMap)

A Certificate in Mortgage Advice and Practice, or a CeMap, is a Financial Service Authority recognised qualification. Practising advisors should posses this qualification in order to advise on mortgages and mortgage related products. A fully qualified mortgage advisor will possess CeMap 1,2 and 3. There are three modules to CeMap, these are; UK Financial Regulation, Mortgage Advice and Knowledge and Assessment of Mortgage Advice and Knowledge.

As people find the information given by the institute of financial services confusing training is often undertaken to make the information easier to digest. This can be done as either distance E-learning and fast track courses.

Diploma in Mortgage Advice & Practice (DipMAP)

DipMAP is a qualification that enables mortgage professionals who want to go further than the level 3 training to achieve a new status. It shows to clients and employers that holders have an extensive knowledge and understanding of the financial services environment. This allows you to fully meet your customer’s needs and assess their circumstances.

As this training is so in depth it is recommended that you complete it face-to-face so that you can get expert advice from tutors. As a trainee in DipMAP you need to have a certificate in Mortgage Advice and Practice or an equivalent.

Certificate in Financial Administration and Planning (CeFAP)

CeFAP is often seen as a stepping stone to becoming a financial adviser. This training is mapped out to the occupational standards for paraplanning. This training is geared towards students learning how to support and maintain appropriate and ethical client relationships and how to meet client’s priorities by considering a range of protection, investment and retirement funding products.

This kind of training is best taken over a minimum of five days, anyone offering less may not be giving the best advice or as much in-depth knowledge.

Author Bio: January Donaldson is a mortgage advisor and finance expert. She lectures, blogs and writes about the subject regularly. She lives in Wigan with her two house iguanas Iggy and Stardust. When looking for mortgage advice she often looks to www.simplyacademy.com as a resource.