The ifs School of Finance has launched an advanced level qualification for mortgage advisers wanting to go beyond the benchmark Certificate of Mortgage Advice and Practice.
The Diploma in Mortgage Advice and Practice allows mortgage brokers with CeMAP or an equivalent qualification to develop their market and product knowledge to a higher level.
It is offered on a distance-learning basis and runs over a nine month period, with advisers working through learning materials in their own time with online support.
The diploma is divided into two parts. The financial services, regulation and ethics unit is shared with the ifs level four qualification for financial advisers, meaning advisers who have already passed this unit do not need to retake it.
The second unit, advanced mortgage advice, is assessed by a three hour exam.
The registration fee for the full DipMAP is £520, and the registration fee for the AMA unit only is £375.
Ifs School of Finance vice principal Anne Kiem says: “While the financial crisis has brought many challenges to the mortgage market there still remains opportunity for growth and diversification, particularly in the area of highly specialised mortgage advice.
“Increased regulation in the advice sector is here to stay, and there can also be little doubt that product complexity will continue to increase across mortgage types in years to come.
“In such an environment advanced qualifications like DipMAP can come to the fore in helping advisers stand out from the crowd.”