Mortgage Broker Training - part 2
by Joe Kocsis
Having said that, it can be easy for the gifted people who are just natural at passing academic exams. I recently spent a week with a group of 10 delegates on a CEMAP 2 & 3 training course and the range of abilities on the course was extremely diverse. The challenge here for the camp trainer was to get them all to the same standard by the end of the week and prepare them for their exams, the week after. Nine out of the ten passed their relevant exams.
The challenges of the Camp exams are that you need to learn the qualification content and pass the exams at 70% but that is not all. Many people coming into the mortgage industry have not sat exams for years and in some cases not since they left school. Our Camp training courses were built for individuals who are new to the mortgage industry and as a consequence, we teach the course content and mock examine you on a daily basis.
The advantage to this system is obvious, not only are you learning the course content but the exam techniques as well. With strengths and weaknesses identified on a daily basis, it is easy to identify the areas that require extra tuition during the week. This proven system allows us to help hundreds of people get through their Certificate in Mortgage Advice & Practice (Camp) exams per month.
Do take care, as the route to becoming a mortgage adviser could be fraught with dangers for the unprepared and under researched person, as the journey could be a long and arduous one. Care should be taken when choosing the company for the initial Camp training as many organisations are strictly in the business of offering either a two-day revision course or a self-study Camp examination course that in our opinion is not enough.
Furthermore, there are unscrupulous organisations that may try to lure individuals into offering cheap CeMAP training courses and then try taking £5,000, £6,000 or even £9,000 off them in an attempt to recruit them into their mortgage business as mortgage advisers or offering them an expensive mortgage franchise, that is just not necessary.
By attending a mortgage broker training course you could be a qualified mortgage adviser after just days of intensive, fast track mortgage broker training and you could soon be on your way to becoming a high earner in next to no time. Let your imagination run away with itself and picture the nice house, the quality car, the white sands on holiday and the clothes that you have always dreamed of.
Most mortgage advisors working for banks, building societies and estate agents work on a salary plus a bonus system and the employer keeps the bulk of the commission income generated from the sale of mortgages and insurances. The packages on offer to the employed trainee mortgage adviser can range from a minimum of £15,000 pa plus car and bonuses, to £35,000 pa plus car and bonuses, dependent upon what part of the country you work in.
The self-employed mortgage broker however can determine his/her own income but this can depend on a number of factors but the sky's the limit.
This was the opinion of Joe Kocsis the Marketing Director of Money Marketing Limited who attended a recent Camp 2 & 3 combined mortgage adviser training course.
Money Marketing Limited is a training school, strictly in the business of offering Camp mortgage adviser training courses and then further developing individuals with our advanced mortgage training courses in their quest to become professional mortgage advisers or even self-employed mortgage brokers.
Related Mortgage Broker Articles: Mortgage Brokers Real Estate: Picking A Good Mortgage Broker 7 Reasons To Choose A Mortgage Broker over On-Line Lenders Freelancing In The Mortgage Brokering Business. The 7 Sins Of Mortgage Brokers |
Related Mortgage Broker News: |
Back from Mortgage Broker Articles
to California Morgage Articles Directory