Choices - Mortgage Adviser Training



Mortgage Advisers


The Financial Services Authority (FSA) currently regulate all mortgage advisers, and will require everyone who provides mortgage advice to have passed an acceptable exam - currently The Certificate in Mortgage Advice and Practice (CeMAP) or the Chartered Insurance Institute CF 6 Mortgage exam paper.

The FSA also require all mortgage advisers to be individually assessed to ensure they meet the competence requirements. Effectively, this will mean the Continuing Competency skills, which relate to 'Application Skills' and 'Knowledge and Understanding' skills, will each need to be regularly monitored, assessed and recorded. A structured training and development programme is required to ensure any needs or shortfalls identified, are suitably addressed. This process is very similar to the one presently facing Financial Advisers and which they have actually experienced for some years.

TLC Financial Monitoring Ltd provides a range of Training courses and Assessment Services to meet these requirements, and thereby assist Mortgage Advisers through the maze of regulatory demands taking place, allowing them to concentrate on their business!

Please note the Key Feature statements for each:

Key Features of the Mortgage Adviser Training Course

This course is designed for individuals who are currently studying for the necessary CeMAP or CF 6 exams, who intend to provide mortgage advice in the future, and who feel they require additional support, guidance and training prior to taking the exam.

The intensive two-day course is designed to be interactive and encompass the key modules within these exams. This will include: Mortgage Code, Mortgage Law, Applications, Repayment methods and supportive products. We also provide sample multiple-choice questions, case studies, past exam papers and guidance with exam technique.

Key Features of the Mortgage Adviser Individual Assessment

The Mortgage Adviser's Individual Assessment is designed to assess individuals to ensure that they meet the current regulator requirements.

It consists of, an Annual test of Knowledge together with an assessment of the application of that knowledge, in line with FSA regulations. On-going Training Development & Analysis meetings will also focus on this specialist area.

The Annual test of knowledge and assessment of application Skills are achieved by a review of a live case and a test designed to confirm your knowledge and understanding. A specifically designed role-play will also be assessed.

The Training Development Analysis (TDA) meetings are designed to assess an individual on their continuing competencies in all the following areas: Firm Specific Knowledge, CPD, optional File assessments, Key Performance Indicators and general business matters. Following these meetings a record of the TDA will be given to the Compliance Oversight, highlighting any deficiencies or development needs of the individual assessed.

Key Features of the Mortgage Adviser Audit

The Mortgage Adviser Audit is a "tick box Audit". It is an assessment on the implementation by your company of the current FSA requirements. On completion of the audit a written report will be prepared and presented highlighting any deficiencies or needs.

Note:
It is the responsibility of the Compliance Oversight to decide the appropriate actions to be taken

'For more information or to book your place, please contact us