Monday, 29 August 2011

CeMAP Training Syllabus

The CeMAP syllabus is much more wide ranging than most people expect with the broadest syllabus being in the CeMAP 1 exam. CeMAP 1 actually covers most of the financial services industry in a summary form to give the student a general understanding of the industry. This is obviously useful to the CeMAP student who is totally inexperienced in the financial services industry, but it can come as a surprise to people who think that CeMAP training is all about mortgages and nothing else.

The CeMAP 1 syllabus also covers in some depth, the financial services regulatory environment, and how the legal framework for the financial services industry has been developed over time. This includes the impact of the European Union on the regulation of the industry and continues right through to the role of the Financial Services Authority in regulation.

CeMAP training for the module 1 exam will also cover the wide range of benefits that are available for people including a range from those who are unemployed right through to people who are retired. This information may seem strange in a CeMAP exam, but it does give the student a well rounded understanding of the financial market place.

The syllabus for CeMAP 1 also includes the classification of financial assets so that the student can understand the different types of asset that customers may hold and the impact these can have on their financial circumstances.

In total, CeMAP training for the module 1 exam only contains approximately 10% of information relevant to the mortgage industry directly.

CeMAP 2 is the module that is generally mortgage related, although even this module does contain elements that are only loosely connected to mortgages directly. The CeMAP training syllabus for the module 2 exam is broken into 4 units i.e.

Unit 3 which is Mortgage Law, Policy, Practice and Markets.

Unit 4 which covers the Mortgage Application process.

Unit 5 which describes Mortgage Payment Methods.

And Unit 6 which is Mortgage Arrears and Post Completion Matters.

Some examples of the CeMAP 2 syllabus include all of the different mortgage products for example fixed rate, standard variable rate, or discount rate mortgages. Different repayment methods are also described including the use of Pension Plans, ISA's, and other investment products.

The mortgage application process is covered in great detail in CeMAP training for the Unit 4 exam because this is a major area of activity once the student has qualified. This unit includes such areas as assessing the status of a prospective borrower to ensure that they are eligible to borrow. It also looks at the security for the loan, in this case the property that the mortgage is being considered for. CeMAP training also covers the different types of insurance that the borrower may need, for example life cover, critical illness cover, or even buildings and contents insurance.

CeMAP 3 then takes the CeMAP 2 syllabus and uses case study type questions to explore in more depth the student's knowledge of the subject. By setting up simulations of real life situations, the CeMAP 3 exam gives a very thorough assessment of the student, and this is a very thought provoking exam.

To conclude, as you can see CeMAP training covers a wide range of topics which is why it is vital to ensure that the student is able to study fully and comprehensively. This means that the knowledge will be complete and the student will have the best prospects for passing the three CeMAP exams. To try and rush through the learning experience is likely to result in gaps in knowledge that can only lead to problems in the future. To find out more about CeMAP training from home simply click on the link. Remember that the syllabus is broad reaching and a comprehensive course will provide you with the knowledge you need to pass the exams.

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