CeMAP Diploma Course Info
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CeMAP Diploma Course Information
Professionals who want to offer mortgage advice need to meet FCA requirements. The CeMAP Diploma is a FCA recognised qualification, providing individuals with an appropriate qualification to practise. The CeMAP Diploma provides a higher level knowledge and understanding of the mortgage market that will enable candidates to set themselves apart from level 3 qualified advisers. Mortgages are essential for the majority of house purchases, as long as people need homes they will always need good advice. The course content covers the whole scope of mortgages; including an enhanced understanding of the role of a mortgage adviser, suitability of mortgages and protection, rules and regulations that are specific to mortgages, specialist mortgage products, as well as the house buying process. The CeMAP Diploma qualification comprises of 2 modules completed over 6 months. All professional exams are now taken online via the LIBF Brightspace online portal, with remote proctoring available to ensure exams are securely monitored and invigilated. This enables students to sit their exams remotely from the comfort and safety of their own homes. The second module is a coursework submitted before the submission date. To get your CeMAP Diploma qualification candidates will need to register with the London Institute of Banking and Finance. The registration includes an exam fee of £550.00 and the awarding of the qualification on successful completion. The CeMAP Diploma has 3 registration periods and takes 6 months to complete as follows:
- January registration – January start – Coursework submitted in June
- May registration – May start – Coursework submitted in October
- September registration – September start – Coursework submitted in March
To achieve The CeMAP Diploma students must already be CeMAP qualified, to find out more please read our CeMAP course details. The CeMAP Diploma course consists of the following elements:
- CeMAP® qualification:
- FSRE® Module 1
- FSRE (Units FRE1 and FRE2)
- FRE1: Industry, Regulation and Key Parties
- FRE2: Skills, Principles and Ethical Behaviours
- Exam: Two hour multiple-choice exam (1 hour each):
- 25 multiple-choice questions (on each unit)
- 3 case studies with 5 linked multiple-choice questions on each unit
- Total marks = 80 marks (70% pass mark on both units)
- CeMAP® Module 2
- Mortgages (Units MRT1 and MRT2)
- MRT1 (Unit 3): Mortgage Law, Practice and Application (50 questions – 70% pass mark) – 1 hour exam.
- MRT2 (Unit 4): Mortgage Products and Post-Completion (50 questions – 70% pass mark) – 1 hour exam.
- CeMAP® 3 – The Assessment of Mortgage Advice Knowledge (Exam: One 2 hour exam with 6 case studies with 10 related questions on each case study. (60 questions – 70% pass mark) – 2 hour exam.
- Unit 5: Assessment of Mortgage Advice and Knowledge (60 questions)
- FSRE® Module 1
CeMAP Diploma
- Advanced Mortgage Advice (AMA)
- AMA part 1: Objective test – a 90-minute multiple choice exam with 50 questions (70% pass mark) – 12 months to sit the exam
- Overview: Covers all the relevant technical areas required to deliver regulated mortgage advice. The syllabus covers the following topics:
- The house buying process
- The mortgage market and the economic environment
- Property details and surveys
- Different types of borrowers and establishing suitable advice
- Legislation and Regulation
- Mortgage Fees and charges
- Mortgage Lending and specialist areas
- Arrears and non-payment of mortgages
- Overview: Covers all the relevant technical areas required to deliver regulated mortgage advice. The syllabus covers the following topics:
- AMA part 2: Coursework: A suitability report based on a pre released Factfind. Assessed: 3 months to prepare – Submitted electronically. 50% pass mark required.
- Overview: AMA part 2 looks at applying the knowledge gained in the previous units and testing the ability to formulate the knowledge via a suitability report. This is based on a case study provided as a fact find given 12 weeks before the submission date. Students must formulate their recommendations via a report within the time frame and submit it online. Students must also submit a reference list if any quotes have been used.
- AMA part 1: Objective test – a 90-minute multiple choice exam with 50 questions (70% pass mark) – 12 months to sit the exam
At Clarity Financial Training Ltd we offer professionally delivered CeMAP Diploma training courses that will help students pass their exams with confidence. We have various study options available to assist you to tackle the exam and pass. Click here to see our study options and dates.