The suggested route of the syllabus is to complete CeMAP initially, then the Compulsory Certificate in Regulated Customer Care (CeRCC) and finally choose one module from each of two bands.
However students can take the modules in any order and can just take the module that is relevant to their area of specialism without registering for the full qualification.
Band one modules include ‘Supervising in a Regulated Environment’ which has been developed specifically for those who supervise regulated brokers.
This is applicable to larger firms and will be launched in September although ifs are also looking at developing a module along the same lines for smaller broker firms where there may be only one broker advising if demand requires.
Band two contains product-specific modules. The ‘Lifetime Mortgage’ module has already been launched and covers all forms of equity release, lifetime mortgages and home reversion schemes.
‘Alternative Residential Lending’ will be launched in September and covers all forms of buy-to-let, let-to-buy, self-builds and overseas mortgages.
There is a space in this band for other kinds of specialist mortgages as the market diversifies which will be developed only as and when there is a real need for them.
Mark Roberts, head of faculty financial regulation at the ifs, said: “The institute’s decision to offer ‘Advanced CeMAP’ comes as a result of discussion with the industry, ranging from individual brokers to lenders.
“Through CeMAP the mortgage industry has demonstrated its willingness to embrace study and there has long been a sense of ‘what’s next’ in terms of further study. The qualification will open up further development opportunities for financial services and risk and insurance management.”
