SMP given revamp by Chartered Insurance Institute

December 14, 2019 by Brendan O'Neill

Mortgage Advisors

The Society of Mortgage Professionals (SMP) run by the Chartered Insurance Institute (CII) has been given a comprehensive makeover, helping to reaffirm the Institute’s commitment to the UK mortgage sector.

The changes that have been made to the SMP include the introduction of new regulations, such as the Senior Managers & Certification Regime, as well as the addition of guides to drive best practice in areas of the mortgage sector that need to be grown. For example, protection and second charge lending. The new-look SMP will also be moving more into the online space, by offering podcasts, webinars and other digital services.

At the moment, in the region of 10,000 mortgage industry professionals are members of the SMP, an organisation that exists to improve levels of trust in the industry among the general public. Speaking to the Financial Times, the CII operations and strategy manager, Matt Hall, said that it had decided to carry out this revamp to make the SMP fit for purpose in an industry that faces new challenges.

He went on to add that, as a result of the greater focus on digital, there would be a lot more material being created for the SMP website over the coming period and that all of this would be optimised for people using tablets and mobile phones to access it as well as on desktop computers.

This is the sort of society that many of those who become brokers after securing a CeMAP mortgage advisor qualification will seek to join to benefit their careers.