Cemap 1 Help???

Conrad

I agree with Dunstohn

The industry is trying to attract fit and proper people, not wide boys with good people skills who read the sports pages but take no interest in world economic affairs.

The last month highlights the need for highly competent advisors.
The Sun reading types will not have prepared for what some of us knew was comming from reading the FT watching Bloomberg etc.

Competent advisers stopped recommending the likes of Kensington a while back as there was a clear risk the lender would withdraw mortgage offers or worst still increase rates. Only someone who really enjoys the fiancial world would have recognised this danger.

Spivvy salespeople is not what an advice seeking comsumer requires.

I see so much damage done by these people such as Self Certing income higher in order to obtain a sufficent mortgage sum and also using this figure as a basis for PHI which of course will not cover the income stated in the event of a claim.

Leonardo_Giacca

so, hello everybody
i couple of days i failed both units of module 1 cemap..unit one has been horrible 29 out of 50, unit two 34 out of 50..so i really disappointed .

probably i confused "few" questions...but they were extremely similar to each other...but the show must go on so i would like to ask you..if you know how many days do i need to wait before i can book a resit..

bcos on the myifslearning "history studies" doesn't appear anymore module 1, but just module 2 and 3 ! i want to believe that i will be able to resit as soon as possible ...i m really sared !
can anyone tell me how does it work?

thanks

Leo

UK007BullDog

CeMAP1 is the easiest of the lot. One just has to remember what was read.

As for the 3 strikes it exists in the banking industry. The high street lenders will not take one on who failed 3 times.

I also believe no one should sell mortgages without having at least a full CeMAP qualification.

The lenders will retest you on CeMAP and other internal regulation stuff like MCOB and ICOB etc. So if you think passing CeMAP would be it than please think again. Most brokers are part of a network and they also test the advisers every year. Some of their tests are harder than the CeMAP.

yoshihirouk

Having recently taken CEMAP 1 and in the process of taking CEMAP 2 and 3, I agree with the less experienced members of this thread by saying that CEMAP study is not a doddle.
I would suggest based upon the information provided in your posts that those who are currently working within the industry (IFA or adviser) are educated to at least degree level and have more than 2 years industry experience (correct me if I'm wrong??).
Those who are currently studying CEMAP are less likely to share the same academic advantages or industry experience and thus may find study a little harder.

Offering positive solutions to those who are struggling:

CEMAP 1 - actually count the number of hours you study for and do not schedule an exam when you "feel ready". Measure your progress and follow the guidelines at the start of the manual (as I've discovered, they are there for a good reason!).
I actually failed Unit one of CEMAP 1, three times simply because I did not do enough study and did not study correctly (out of practice and not planning my study was key here).
Am I cut out for the mortgage industry and financial services? Yes. I have successfully worked within the industry for a number of years and currently work for a very stable (and high performing) mortgage lender.

I would also disagree with suggestion that CEMAP 1 is the easiest qualification to study. On the contrary I am currently working through CEMAP 2 and find it significantly easier to comprehend as it heavily involves my day-to-day job.

In summary:

1) Count the hours that you have actually studied for (don't just read the manual twice and think you're ready for the exam)
2) Plan your study
3) Use a highlighter pen and take notes
4) Work hard and be disciplined

P.S Are those who are truly successful in the mortgage industry really those who are glued to the pages of the Financial Times?

P.P.S I'd also like to say that I think it's very important to respect those that have come before you. I respect any hard-working professional in the mortgage industry who acts with honesty and integrity, especially since they assist in usually the largest financial transaction in a person's life.

sarkin1

Hey dont worry, most of the people on this thread are blowing wind up each others !!!!!!. Yes the exams are hard but all the client wants to know is "is that the best rate you've got". Because at the end of the day it's a sale job. so it does not matter what tv channel you watch or paper you read if you cant close the deal you cant close the deal. I took Cemap 2 & 3 first as 1 is the hardest.

good luck and study hard there is a lot of money to be made in this game if you can close a deal

darsh999

Hey sarkin... i think thats a fair piece of mind ... many ova here are just trying to degrade each other but the fact is the starting part is really tough .. although i haven't given CEMAP myself but lot of my friends tell me.

I think if cant do it on ur own maybe take some guidance from a tutor.

jo1sexykitten

I found CeMap 1 really hard too. I failed the test twice, then did a training course with Training R Us and passed easily.

I realised I had been misinterpreting some of the info, as I had no one to check it through with.

I then did a training course for 2 and 3, I found these far easier than number 1. I passed with distinctions and Merits.

I am now in the job, Yes it is hard, Yes my companies assesments are hard. I honestly can say that getting through CeMap 1 was the hardest bit!

Good Luck x I would seriously consider a training course as it is well worth the money in the long run!

Cute_'n'_Quirky

BLUroma wrote: »

dunstonh wrote: »

Cemap is a doddle.

I think it's an unfair to make a blanket statement and say 'CeMap is a doddle.' MAYBE IT IS/WAS FOR YOU! I don't know you or if you've been in the business for awhile or not, and if you were in the business before you took CeMap. BUT, a lot of people including myself do NOT find CeMap a doddle! I would dare to say it can be a lot harder for people especially if you've come from outside the financial or mortgage industry. I also think it depends on how academic you are, if you're used to studying etc., and also how you learn. I'm currently doing CeMap 2 & 3 and find it difficult...a far cry from a doddle. I've just finished a course with Training R Us and will be sitting my CeMap 2 exam soon, so I will see how much the course helps out compared to doing CeMap 1 through homestudy. For the person who started this thread, I'd suggest you take a course. It will help you get over the parts that you're still not taking in that are causing you to fail. GOOD LUCK!!! ~ BLUroma

I agree totally - and I passed my CeMap 1 first time!

Cute_'n'_Quirky

yoshihirouk wrote: »

Having recently taken CEMAP 1 and in the process of taking CEMAP 2 and 3, I agree with the less experienced members of this thread by saying that CEMAP study is not a doddle.
I would suggest based upon the information provided in your posts that those who are currently working within the industry (IFA or adviser) are educated to at least degree level and have more than 2 years industry experience (correct me if I'm wrong??).
Those who are currently studying CEMAP are less likely to share the same academic advantages or industry experience and thus may find study a little harder.

Offering positive solutions to those who are struggling:

CEMAP 1 - actually count the number of hours you study for and do not schedule an exam when you "feel ready". Measure your progress and follow the guidelines at the start of the manual (as I've discovered, they are there for a good reason!).
I actually failed Unit one of CEMAP 1, three times simply because I did not do enough study and did not study correctly (out of practice and not planning my study was key here).
Am I cut out for the mortgage industry and financial services? Yes. I have successfully worked within the industry for a number of years and currently work for a very stable (and high performing) mortgage lender.

I would also disagree with suggestion that CEMAP 1 is the easiest qualification to study. On the contrary I am currently working through CEMAP 2 and find it significantly easier to comprehend as it heavily involves my day-to-day job.

In summary:

1) Count the hours that you have actually studied for (don't just read the manual twice and think you're ready for the exam)
2) Plan your study
3) Use a highlighter pen and take notes
4) Work hard and be disciplined

P.S Are those who are truly successful in the mortgage industry really those who are glued to the pages of the Financial Times?

P.P.S I'd also like to say that I think it's very important to respect those that have come before you. I respect any hard-working professional in the mortgage industry who acts with honesty and integrity, especially since they assist in usually the largest financial transaction in a person's life.

I took my CeMap 2 & 3 first, then the CeMap 1. 2 & 3 are not more difficult than 1.

Cute_'n'_Quirky

dunstonh wrote: »

I'm afraid they are a doddle. If you want hard, then try the diploma or advanced diploma levels. Cemap 1 is basic retention of information and often process of elimination on the mutiple choice answers.

If you struggle with cemap 1 then getting 2 and 3 is going to be harder and if you want to go beyond that and get CEFA and then diploma then you are really going to have problems.

The hardest bit of all is doing the job and surviving. Application of knowledge and getting in front of clients are far harder than the exams.

I disagree on all of this.

I took my CeMap 2 & 3 before I took my CeMap 1 and passed all of them with flying colours. CeMap 2 & 3 are easier than 1.

Also, doing the job is far easier than sitting the CeMaps.

I remember you (and others) trying to put me off in exactly the same way!!

Folks on here are afraid of competition in the mortgage market - even though you are an IFA yourself.