2007 marks the 10th anniversary of the Certificate in Mortgage Advice & Practice (CeMAP®) from the ifs School of Finance.
There can be little doubt that CeMAP® has become firmly established as the pre-eminent standard for mortgage advisers.
CeMAP® was the first available qualification for mortgage advisers, and has attracted registrations from nearly 150,000 individuals over the last ten years – an impressive achievement considering there are now estimated to be only 55,000 active mortgage advisers in the UK.
Mark Roberts Head of Faculty Financial Regulation and Corporate & Academic Relationships at the ifs School of Finance said:
"Over the last ten years there has been tremendous change in the mortgage industry. For instance, voluntary regulation has given way to statutory regulation and we have moved from an entirely paper based testing environment to one that it is now wholly online.
Over the years, materials for CeMAP® have been regularly updated, reflecting the evolving rules and regulations surrounding the market as well as advancing in both product design and style.
Throughout the last 10 years CeMAP® has remained a rigorous and challenging qualification. This has helped to ensure that consumers continue to have confidence that their advisers are giving advice from a position of significant knowledge and competence."
The ifs School of Finance was the first organisation to introduce on demand testing. In 2000 they not only led the way by introducing on demand testing for CeMAP® but also by ensuring candidates knew if they had passed the exam within seconds of completion - removing the anxiety of a lengthy wait for results.
CeMAP® is also far more accessible than it was 10 years ago as it can be taken at any of the 150 Pearson Driving Test Centres in the UK.
Mark Roberts concluded, "In short, there have been many changes over the last 10 years but CeMAP® has remained a constant. It is unclear what further changes will take place over the next 10 years but CeMAP® will more than likely remain integral to the mortgage industry, helping to raise standards and boosting consumer confidence."
For further information please contact:
