ceMAP Training Course

ceMAP Training Course

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Discussion

JB996

Original Poster:

138 posts

211 months

Saturday 19th July 2008
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Has any one on here completed their ceMAP (Mortgage Advisors Qualification )course and exams. I am looking into doing my ceMAP training and was looking for recommendations to course providers, hopefully in the Birmingham area.

Thanks

cannedheat

947 posts

276 months

Saturday 19th July 2008
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http://www.ifslearning.ac.uk/

No one else is worth using. I'm currently do the CeFA course through them although I no longer need it for my current role.




JB996

Original Poster:

138 posts

211 months

Sunday 20th July 2008
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THanks for info...

KingRichard

10,144 posts

233 months

Monday 21st July 2008
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cannedheat said:
http://www.ifslearning.ac.uk/

No one else is worth using. I'm currently do the CeFA course through them although I no longer need it for my current role.
That's who I used. You get three massive folders - one for each module. Read it, absorb it and keep taking the practice tests over and over until you can get 100% with as many as possible. Then read it all again and check your knowledge.

I passed all three in 5 weeks with that method. You'll want to work for a corporate for a year or so before doing things on your own though... theory is one thing, application quite another yes

Best of luck... I don't do mortgages anymore, but if you want to give me a shout feel free to PM.

Also look up minimax and scotal - minimax (Tom) got me my first job in the industry thumbup

scotal

8,751 posts

280 months

Monday 21st July 2008
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JB996 said:
Has any one on here completed their ceMAP (Mortgage Advisors Qualification )course and exams. I am looking into doing my ceMAP training and was looking for recommendations to course providers, hopefully in the Birmingham area.

Thanks
Why on earth are you doing that? Unless there is a good reason for it, its not an industry I'd be getting into right now.
CeMAP is a piece of piss to do, as has been pointed out its all done on multiple choice exams, when I did them it was in the local drivig theory test centre, me who was smugly confident and a bunch of 17 y/o's shtting them selves about not being allowed to drive. Watch out for double negatives in the questions though, seemed to be a favourite.
I didn't go on any courses, and passed the exams first time (thats not a boast, they are mind bogglingly easy) Work through the folders IFS send you, and then do the test questions (buy the exam questions) they are in the exam bank, and from memory 4 or 5 of them came up word for word in the real exams.


JB996

Original Poster:

138 posts

211 months

Monday 21st July 2008
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scotal said:
Why on earth are you doing that? Unless there is a good reason for it, its not an industry I'd be getting into right now.
Well I think I have master plan, looking to materialise in the coming years and I know that my timing stinks, put the property market will recover in time, so this is why I am going to get prepared.
I have number of properties that I currently let, all in the same area. Some I manage myself, which can be difficult since I live 25miles away and have a full time job in IT. Some are managed through letting agents, which I am not happy with, but don’t have much choice at the moment.
My plan is to open my own Estate Agents, at some point, which will manage my properties and offer the general run of services that Estate Agents offer and mortgages will be one of these services.



Edited by JB996 on Monday 21st July 15:12


Edited by JB996 on Monday 21st July 15:18

KingRichard

10,144 posts

233 months

Monday 21st July 2008
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JB996 said:
scotal said:
Why on earth are you doing that? Unless there is a good reason for it, its not an industry I'd be getting into right now.
Well I think I have master plan, looking to materialise in the coming years and I know that my timing stinks, put the property market will recover in time, so this is why I am going to get prepared.
I have number of properties that I currently let, all in the same area. Some I manage myself, which can be difficult since I live 25miles away and have a full time job in IT. Some are managed through letting agents, which I am not happy with, but don’t have much choice at the moment.
My plan is to open my own Estate Agents, at some point, which will manage my properties and offer the general run of services that Estate Agents offer and mortgages will be one of these services.



Edited by JB996 on Monday 21st July 15:12


Edited by JB996 on Monday 21st July 15:18
Why don't you just offer a broker all of your leads in return for a cut?

You won't be able to run a succesful estate agency, and sell mortgages, and look after your portfolio, and keep on top of staffing, advertising, compliance, insurance, looking after arsey vendors, progressing your mortgage sales, doing home appointments etc etc etc.

Why Estate Agency? I'm curious, I've done both...

scotal

8,751 posts

280 months

Tuesday 22nd July 2008
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Quite apart fromt he time aspect that KR has pointed out you also have to consider compliance costs of Mortgage Brokerage. As its stands Estate Agent is very very lightly regulated.
Mortgages on the other hand come under the remit of the nice people at the FSA. Record keeping is one of the biggest draws on my time.

You would also have to complete "continuing professional Development" which is a record that shows you are keeping your mortgage "skills" up to date.

TBH giving your leads to a broker in return for a cut would make a great deal more sense to you.

minimax

11,984 posts

257 months

Wednesday 23rd July 2008
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haworthlloyd1 said:
You really don't need to go on a course - its a simple multiple choice exam!!!!

read through the books once and you'll be fine if you have a bit of knowledge in this field
absolutely correct. I worked for Northern Rock as a Registered Mortgage Adviser when I did mine (way back in 2002 eek) and they were such a piece of piss I didn't even take the wrapping off the level 2 revision file smile

they are the usual multiple choice questions to be dealt with along the lines of RTQ or if in doubt, RTFQwinkbiggrin

par example: a) = obviously wrong b) = nah, not likely c) correct answer d) = looks like it could be the correct answer but think about it and you'll realise it's not.

it really is that simple, i'm sure you will ease through it smile