Trainee Mortgage Advisor and Mortgage Manager???

MARVIN_2

dunstonh wrote:

When starting out, beggars cannot be choosers.

You have no track record and not qualified enough. You are also not competent status but trainee. So all the companies that could pay you more are not going to until you are qualified, competent and have a track record.

Sometimes you have to take that step backwards to go two forward.

Thanks, agree
cannot choose but can only do
That is why decided to be qualified at the beginning could be a much better choice.

Rick62

But to be qualified you need 2 things, CeMAP 3 and certified competant, which is generally about 12 months arranging mortgages under supervision.

Financial_Savvy

How do you get your CeMAP qualifications?

Thanks

MARVIN_2

Financial_Savvy wrote:

How do you get your CeMAP qualifications?

Thanks

Hard work and a bit of luck.
http://www.ifslearning.com/home/default.cfm
http://www.learndirect-advice.co.uk/helpwithyourcareer/jobprofiles/profiles/profile1332/

shameless-about-money

I am going for Trainee Mortgage Advisor too.

You have to have CeMap 1 in order to give any advice on mortgages - FSA rules.

My package is going to be £14400 basic + £500 per month for car + £75 per month for mobile phone + all home phone line calls + laptop + pension + commission.
My working hours will be 9pm to 9pm. I will be required to do two calls per day - given to me by the Company and vetted beforehand. The calls may be up to 75 miles radius from the Company Office although my work will be home-based.

I want the training so I am prepared to put in the work. They are paying for all of my training for CeMap 1,2 and 3, plus fulll support, supervision and compliance as required by the FSA.

I think that my package is really good. Some of the packages I came across have been £11 to £20K but without the car/mobile/home phone/laptop/commission on top. The self-employed roles do not interest me - too little support for now.


My job is not in London, it will be up in Newcastle.

shameless-about-money

I had originally intended doing my CeMap 1 myself then applying but what I found was that the companies offering employment either wanted NO CeMap at all, or that they wanted CeMap 1 and at least 1 year's experience working as a mortgage advisor.

So I decided to go the full training with a Company route.

Just one word of advice - don't touch Cartel with a bargepole!

MARVIN_2

shameless-about-money wrote:

Just one word of advice - don't touch Cartel with a bargepole!

Thanks a lot. I am very bad in idioms.

shameless-about-money

The £18K and no commission is a no-no!

Have a look at some of the recruitment agencies and you will find a much better deal.

shameless-about-money

Financial_Savvy wrote:

How do you get your CeMAP qualifications?

Thanks

You can pay for a course either in person or on DVD, then sit the exams at a test centre.

However, no-one will want to employ you because you have no experience and have not been trained in sales of mortgages, you would have had no supervision or compliance.

It is far better to get a trainee position with a Company on a basic salary + commission, etc. and get the training that way.

At least then you have some support and guidance along the way. Then, after a year or two you can move on - once you have the qualifications, some experience and practical knowledge.

shameless-about-money

Has anybody else had experience with Cartel?

They don't do "whole of market", they sell their own product and that's it.

They recruit endlessly, their "interviews" are like a cattle-market. They have no interest in the individual applying for the job at all. The figures I had quoted to me were that they "interviewed" - group style - 220 people and only took 1 to a "proper" face-to-face interview.

Their package is not much either.