You may or may not have already heard that CAAMP’s AMP
designation program underwent a facelift and effective July 2014 is now only
available to mortgage brokers. CAAMP has released a PDF on the topic which
specifies that this will now be a broker-only designation with new designations
coming soon for lenders and insurers. Also, brokers seeking the AMP designation
will be required to complete a National Competency Exam. Also, it is as yet
unclear what CAAMP’s plans are as far as mortgage agent designations.
Here are some of the criteria that will have to be met to
qualify:
·
Applicants must be a CAAMP member in good
standing
·
Applicants must be licensed/registered as a
mortgage broker
·
Two reference letters will be required – one
from a lender and one from an employer and at least one of the entities
providing a reference letter must be a designated AMP
·
Applicants must have completed the National
Competency Exam
·
Applicants must have paid: 1) the annual AMP fee
of $175.00 and 2) the exam fee of $195.00
More information is scheduled to be released in fall 2014
which we will release as it becomes available. For complete and accurate
information on the changes refer to the provided link to read CAAMP’s complete
PDF on the topic: http://caamp.org/meloncms/media/AMP%20New%20Requirements_2.pdf.
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