Competent Mortgage Adviser Certificate (CMAcert ) Study Guide

Transcription

1 Competent Mortgage Adviser Certificate (CMAcert ) Study Guide WELCOME Thank you for choosing Simply Academy to support you with your studies. Our mission is to help you achieve your educational goals by ensuring you have the right support and tools needed to achieve the success you deserve. To ensure you receive the maximum benefit from our service please take a moment to read the qualification overview and FAQ s below. OVERVIEW Simply Academy have developed a new, flexible qualification, Competent Mortgage Adviser Certificate (CMACert ) to develop experience and skills in the day to day role of a mortgage adviser. Developed by academics and industry experts, the CMAcert has been designed to bridge the gap for newly CeMAP qualified advisers to gain their Competent Adviser Status. CMAcert is a UK specific qualification and comprises of 5 mandatory units that are studied and assessed by way of a final formal assessment unit.

2 QUALIFICATION STRUCTURE CMAcert Module 1: Finding Your Client Topic 1 Prospecting Topic 2 Lead Generation Topic 3 Communication Style Topic 4 Regulation & Telephone Call Topic 5 Questioning & Objections Handling CMAcert Module 2: Introduction & Information Gathering Topic 1 Role of an Adviser Topic 2 Introduction to the Agenda & Disclosure Topic 3 Information Gathering/Income Clarification/Financial Commitments & Budget Planning Topic 4 Explanation of Costs/Interest Rates & Repayment Methods CMAcert Module 3: Agreeing Protection Needs Topic 1 Life Assurance & Critical Illness Insurance Topic 2 Income Protection Topic 3 Building & Contents/Mortgage Payment Protection Insurance (MPPI) Topic 4 Identifying Need Areas CMAcert Module 4: Mortgage & Protection Recommendations Topic 1 Product/Schemes Review Topic 2 Mortgage Sourcing Topic 3 Presenting Mortgage & Protection Recommendations CMAcert Module 5: The Sign Up Topic 1 The Mortgage Application Process Topic 2 Protection Application Process Topic 3 The role of the Estate Agent & the Conveyancing process Explained CMAcert Module 6: The Formal Assessment Comprises of 5 case studies each with 10 multiple choice questions and a summary of the module examination results

3 STUDY TIPS Create a study routine: If you schedule certain times of the day to study you will accomplish more, if you just fit in during your day, chances are there will never be anytime. Study in short but frequent sessions: It has been proven that short bursts of concentration repeated frequently are much more effective than one long session. Even if you only have 10 minutes spare, STUDY. Take a break. Then study another 10 minutes. This distributed learning approach is highly effective because it honours the way the brain likes to work. Take guilt free days off: This follows the same principle as above, but on a longer, daily time cycle. The reason for resting is to refresh oneself, However if you feel guilty ( I really should be studying ) then your precious rest period has been used to create more stress. The brain will not absorb any new data if it is stressed. On days off enjoy yourself and do not feel bad about not studying. Honour your emotional state: Do not study if you are tired, angry, distracted or in a hurry, when the brain is relaxed, it is like a sponge and it naturally absorbs data without effort. Forcing yourself to study when your mind is on other things is a complete waste of time. Review the same day: When you are learning something new, try and go over the points the same day. If you wait a few days and then make efforts to review the material it will seem much less familiar. However a quick review later in the day will tend to cement the information into your brain so that the next Official study session you will recognise it and it will seem easy. Use your senses: To consolidate you re learning it helps to write post it notes on areas you are not familiar with. Condense these notes until they are just bullet points that you can post on your wall and use the next sense vision.

4 EXAM REGISTRATION The CMAcert qualification is awarded exclusively by Simply Academy and to pass the formal assessment you must first register with us by either of the following methods. By phone call Student Support on +44 (0) Online (proceed to Book a Course section) COSTS Registration fee 145+vat EXAM OVERVIEW The exam comprises of 5 case study studies each with 10 multiple choice questions. 7 correct answers in each case study are required to achieve the 70% pass mark. You will have 3 attempts on each scenario and the highest score you attain will be registered. Once you have achieved the pass mark in all 5 scenarios you will be in a great position to request your full CMAcert qualification certificate from Simply Academy.

5 YOUR QUESTIONS ANSWERED How long does it take to study each module? Each unit provides you with a guide to how long we recommend the unit/module will take you to complete. How long can I access the course? Upon enrolment you are given 12 months access, providing you set yourself a reasonable study planner this length of time should be more than adequate to complete the CMAcert, in the event you have not completed your studies before expiry you may request an extension by ing support@simplyacademy.com Is the syllabus updated? The syllabus is normally updated each September to incorporate any regulatory changes made throughout the year. Please note any such amendments are minor and should not affect the continuation of your study. Do I have tutor support? Complimentary tutor support is available throughout the online system and although we endeavour to respond to any syllabus queries as soon as possible during busy periods it may take up to 3 working days to receive a response. Can I cancel or suspend my course access? You may request to cancel by ing support@simplyacademy.com, please note a refund can only be authorised if your request is received within 7 days of purchase and no attempt to access the course has been made via your unique login. In the event of special circumstances you may wish to suspend access for a short period of time. Any such requests must be made by ing our support team and a decision will be made based on each individual s merit. Thremhall Park, The Priory, Start Hill, Bishop s Stortford, Herts, CM22 7WE T: E. info@simplyacademy.com TRUSTED PARTNERS