There is plenty of information out there on various CeMAP training courses and training providers encouraging delegates to book on their CeMAP course, however, there is not as much information available on exactly what happens or what your choices are after passing your CeMAP exam and how to go about becoming a mortgage advisor.
This is partly because some training providers encourage delegates to sign up to some sort of ‘mortgage advisor franchise’ and potential mortgage advisors should be wary of those companies who offer CeMAP courses simply to get them through the exam in an attempt to persuade them to part with large sums of money for a mortgage advisor franchise.
Here is a quick rundown of your choices after you have acquired the CeMAP qualification. To start with, you need to ask yourself a few more questions:
- Do you want to work on a self-employed basis or as an employed mortgage advisor? There are also other opportunities in the Financial Services industry where a CeMAP qualification is desirable, however, a mortgage advisor is the most common aspiration for those looking to get their CeMAP
- Do you want to work for a larger institution, such as a bank, or for a smaller, more personal company?
After the CeMAP, your training is not yet finished as you will need to acquire your Competent Advisor Status. If a training provider offers to assist you in this, check that it is a genuine offer with a genuine company.
Only a firm directly authorised by the FSA (Financial Services Authority) is able to put you through your Competent Advisor Status. If you want to be self-employed, then there are other options available to you and a good CeMAP training provider will be only too happy to discuss your options with you, whether you subsequently take up their CeMAP training course or not.
