‘Super advisers’ enter market
The Advanced Certificate in Mortgage Advice and Practice (Adv CeMAP) qualification was designed to give advisers the advanced skills needed to work in a regulated sales environment, and is an additional three-month qualification on top of the existing benchmark CeMAP qualification.
The additional ‘super adviser’ modules include a section on supervising in a regulated environment, with brokers given the option of completing a specialist module covering lifetime mortgages, commercial mortgages or alternative residential lending.
Mark Roberts, head of faculty – financial regulation at ifs, said: “I am delighted that so many individual customers have chosen to take Advanced CeMAP. Specialist product knowledge, combined with a sound understanding of the Financial Services Authority’s (FSA) ‘Treating Customers Fairly’ (TCF) principles, is key to competing in what is a heavily regulated marketplace.”
He added the specialist areas of lifetime, commercial and alternative residential lending had been decided upon following industry feedback. “The ifs worked closely with the industry to develop an advanced mortgage advice qualification that would provide essential skills for those working in the regulated arena. The lifetime sector grew beyond all expectations in 2005 and so the decision was made to incorporate this into one of the specialist product modules. Likewise, the commercial lending sector is showing promise for 2006 with a plethora of new products being launched this year. Advanced CeMAP offers advisers the opportunity to develop their skills in the area that is most relevant to their business needs and gain an appropriate qualification to offer advice.”
David Cope, senior mortgage consultant at Brian Alcock & Associates, who completed the qualification, said: “Achieving Advanced CeMAP has enhanced my performance in my current job role, which will also benefit the performance of those I supervise, as I can impart my new knowledge onto them.”