CeMAP Certificate in Mortgage Advice (Module 1) - Virtual Classroom

Module 1 is the starting point in your CeMAP journey, enabling you to develop knowledge and expertise in the financial services industry.

The CeMAP 1 course comprises two units: 

• Unit 1:  Introduction to Financial Services Environment and Products (ITFS)

• Unit 2: UK Financial Services and Regulation (UKFS)

Our course provides comprehensive support to help you master these two units and pass all your exams.

Unit 1: Introduction to Financial Services Environment and Products (ITFS)

Unit 1 of CeMAP 1 introduces you to the UK's financial services industry and the key participants in the sector. In this unit, you'll familiarise yourself with the available financial assets and product types. You'll also learn the areas and the processes of giving financial advice.

Some of the expected learning outcomes for this unit are:

• Learn the purpose and structure of the UK financial services industry.

• Identify the main financial asset classes and their characteristics.

• Understand the main financial services product types and their functions.

• Recognise the main financial advice areas.

• Explain the process of giving financial advice, including the importance of regular reviews of the consumer's circumstances.

• Identify the basic legal concepts relevant to financial advice.

• Analyse the UK taxation and social security systems and how they affect personal financial circumstances.

• Evaluate the impact of inflation, interest rate volatility and other relevant socioeconomic factors on personal financial plans.

Unit 2: UK Financial Services and Regulation (UKFS)

Unit 2 of CeMAP 1 outlines the UK financial regulation. Starting with the Financial Conduct Authority, you'll learn the various legislations and frameworks that govern or regulate the UK financial services industry.

Some of the expected learning outcomes for this unit are:

• Understand the main aims and activities of the Financial Conduct Authority (FCA)/PRA and their requirements for ethical conduct by firms and individuals.

• Analyse how legislation (other than tax legislation) and regulations impact firms and the process of advising clients.

• Identify the role of oversight groups and other influencing bodies.

• Explain the regulator's approach to regulating firms and individuals.

• Describe how the regulator's rules affect the control structures of firms and their relationship with the regulator.

• Apply how the regulator's Conduct of Business Rules apply to advising clients/ customers.

• Implement how the Anti-Money Laundering regulations apply to dealings with clients/customers.

• Recognise the main features of the rules for dealing with complaints and compensation.

• Explain the role of the Information Commissioner's Office (ICO).

CeMAP 1 Exams

The exam for CeMAP Module 1 covers the course materials learned throughout the module, which you must pass before moving to the next CeMAP module.

These exams focus on UK Financial Regulation (UKFR) including: 

•    Unit 1 – Introduction to Financial Services Environment and Products

•    Unit 2 – UK Financial Services and Regulation Format

CeMAP Module 1 has two objective tests in a 50-item multiple-choice format for each unit. These exams cover the units and course materials learned through the module, which you must pass before moving to the next CeMAP module.

Duration

Below are the exam durations for each assessment of this course:

• 1 hour for each exam.

All CeMAP exams from this module are available via the awarding body. These exams can be taken in the comforts of your home via remote invigilation or at one of the 150 Pearson VUE centres across the country. We'll provide you with all the support and resources you need to prepare for your exams. (See Additional Benefits tab)

You must also book your preferred examination date and pay your exam fees if you sit at a test venue. Exam fees may vary depending on location, so always shop for a venue that offers competitive rates.

If you want to change careers, start a mortgage brokerage business, or secure a mortgage advice job, this course is for you.

You can enrol in our CeMAP Module 1 virtual class session even if you have little to no experience in the industry. This course has no formal entry requirements and is beginner-friendly, so you can take the first step toward starting a successful career in mortgage advice.

To study the Certificate in Mortgage Advice and Practice Module 1 virtual classroom course, we recommend that you:

• Are at least 16 years old (or have the consent of a parent or guardian).

• Have a solid understanding of the English language.

• Have basic numerical skills.

• Have access to a PC or laptop (This course is compatible with both Mac and Windows).

• Have access to a secure internet connection.

Here are the additional benefits that you can get with our CeMAP virtual training courses:

• Professional credibility: Earn your CeMAP qualification upon completing all three modules to help demonstrate your expertise in the mortgage market industry to employers.

• High exam pass rates: We are one of the UK's leading providers of CeMAP training, with an average pass success rate of 93%.

• Live virtual classrooms: Study your CeMAP Module 1 in a virtual classroom led by industry experts in mortgage finance.

• Exam Pass Guarantee: We will provide ongoing support and allow you to retake the same training course until you achieve certification.

• 5-day classroom duration: Fast-track your CeMAP training and learn all the concepts you need in a focused, structured 5-day programme.

• Mock exam sessions: Prepare for your CeMAP exams by attending our mock exam sessions, which simulate the actual examinations.

• CeMAP digital courseware: Receive a comprehensive digital course material that you will use as you sit in the virtual classroom sessions.

• Interest-free payment options: Our interest-free payment options make your education more accessible so you can study the course and start your learning journey without worries.

• Network with peers: Connect with other professionals enrolled in the course and expand your professional network within the mortgage industry.

• TOTUM Pro Card: Shop with discounts using TOTUM Pro Card, which offers discounts in selected stores and websites.

What does a Mortgage advisor do?

A Mortgage Advisor, sometimes referred to as a Mortgage Broker in some areas, is a financial professional who helps you navigate the process of securing a mortgage, and their typical responsibilities include:.

• Helping clients assess their financial situation.

• Suggest the most suitable mortgage for their client's needs.

• Searching the market to find deals that match their client's criteria.

• Negotiating with lenders.

• Guiding clients through the mortgage process.

• Pre-qualification and application assistance.

Is it worth becoming a Mortgage Advisor in the UK?

Becoming a mortgage advisor in the UK can often be an exciting and rewarding career. Mortgage Advisors usually have a starting salary of around £40,000 plus commission, which increases with experience up to £75,000 after a few years of experience and in more senior job roles. Becoming a Mortgage Advisor is an exciting career as you will often meet new people, build relationships, and help clients solve their mortgage questions and concerns.

Is it worth doing CeMAP?

The Certificate in Mortgage Advice and Practice is essential for anyone looking to become a qualified Mortgage Advisor, so it is a worthwhile qualification because of the essential knowledge and skills you'll gain. You'll also earn professional recognition that boosts your employability and opens various job opportunities within the industry.

Is the CeMAP course valid in Scotland?

CeMAP is a widely recognised mortgage qualification that can be studied and practised in England, Wales and Scotland. While this course is based on the syllabus for England and Wales, the Scottish regulatory framework for mortgage law is closely aligned with the English framework.

Therefore, you can complete this CeMAP course and apply for a Scottish Mortgage Adviser's license without retaking any modules. 

To ensure that you meet the requirements for practising as a professional mortgage adviser in Scotland, you should inform the London Institute of Banking & Finance (LIBF) that you are a Scottish student when you register for the CeMAP course.

The LIBF will then ensure you receive the correct course materials and guide you through applying for a Scottish mortgage adviser's license.

What is CeMAP equivalent to?

Gaining the CeMAP qualification is equivalent to A-Levels or Level 3 qualifications or equivalent. Earning the qualification means demonstrating in-depth knowledge, skills, and commitment to Mortgage Advice.

Is it easy to pass CeMAP?

CeMAP may have challenging assessments and case study examinations, but with the right support and resources, you can pass all exams and continue working towards the Certificate in Mortgage Advice and Practice.

At e-Careers, our comprehensive CeMAP Module 1 Virtual Classroom training course will provide you with all the support you need for this level.

Exam Pass Guarantee

Our Virtual Classroom training has resulted in higher pass rates, assuring us to offer an Exam Pass Guarantee. We are committed to supporting you throughout your studies with us.

With our Exam Pass Guarantee, if you do not pass the exam after completing this training course with us, you will be eligible to retake the same training free of charge.

We ask that you:

• Attend all class days and complete all assignments.

• Take the exam within 30 days of finishing your Virtual Classroom training.

• Submit your request for course re-enrolment within 30 days of an unsuccessful exam attempt.

*Please note that students retaking the course must utilise any materials or books distributed during their initial session. Failure to do so may result in charges for replacement materials.

*The Exam Pass Guarantee does not cover exam fees, which must be purchased separately.

What happens after CeMAP?

After completing the CeMAP Module 1 classroom course and passing the exams, you can continue to CeMAP Modules 2 & 3. You'll need to complete all three CeMAP course modules before you can provide legal mortgage advice.

Once you have completed all three CeMAP modules, you'll earn the CeMAP qualification from the London Institute of Banking, which will be your license to practice your profession in the financial services industry.

What jobs can I apply for after obtaining my CeMAP qualification?

Once you have completed the full courses and necessary exams, you can start your own mortgage brokerage business or apply for jobs in the sector.

Some of these positions include:

Qualified Mortgage Adviser

Qualified mortgage advisers evaluate clients' financial situations, recommend suitable mortgage products, and guide them through the application process. The entry-level salary for a mortgage adviser is £40,000 but can go as high as £75,000, and be entitled to commissions for experienced professionals.

Mortgage Underwriter

Mortgage underwriters analyse loan applications, evaluate risks, and determine if applicants meet mortgage approval requirements. The average salary for a mortgage underwriter is £30,000.

Mortgage Administrator

Mortgage administration roles involve supporting the mortgage process by completing paperwork accurately, establishing mortgage payment methods, and coordinating with clients and lenders. The average salary for this position is £24,000.

Mortgage Sales Manager

A Mortgage sales manager or mortgage relationship manager is responsible for developing and maintaining relationships with clients, mortgage brokers, and other stakeholders. The annual salary for mortgage sales managers is £56,000.

Mortgage Compliance Officer

Mortgage compliance officers ensure that mortgage-related activities within an organisation comply with regulations and industry standards. Their annual salary is £35,000.