This program focuses on educating industry personnel on the intricacies of the mortgage industry and the tools needed to navigate it with confidence and success.
The program is designed to help participants gain an understanding of the mortgage lending practices currently in place in the Canadian market. The program is also structured to provide participants with the knowledge they need to understand the complex rules and regulations that govern the industry. This in turn helps them make sound decisions when dealing with clients and navigating the industry as a whole.
To become certified, participants must demonstrate their knowledge in the areas of mortgage finance, origination, loan structuring and servicing, secondary markets, and related compliance matters. Upon successful completion of the program, participants receive the CMA designation and are better equipped to work in the mortgage industry in a knowledgeable, professional way.
The three key components of the program are education, examination and induction. Through a combination of self-study, online courses and face-to-face sessions, participants learn the skills and knowledge that will enable them to operate within the mortgage industry. Following that, they must pass a rigorous set of examinations focused on different aspects of the industry. Lastly, upon completing the program, participants are inducted into the CMA community where they can access resources, networks and gain additional industry knowledge.
For those interested, the program can be completed in person or online. The online version is targeted at those who cannot attend in person and features interactive multimedia learning modules and a virtual mentor for assistance.
Summary:
The Certified Mortgage Associates (CMAs) of Canada offer an annual certification program designed to educate industry personnel on the intricacies of the mortgage industry and provide them with the necessary tools to work successfully. The program provides participants with knowledge of the current rules and regulations governing the industry, as well as the skills necessary to make wise decisions when dealing with clients. In order to receive the CMA designation, participants must demonstrate their understanding of mortgage finance, origination, loan structuring and servicing, secondary markets, and related compliance matters. To achieve this, participants go through a combination of self-study, online courses and face-to-face sessions. Upon completion, they pass a series of rigorous exams and are inducted into the CMA community where they can access resources and networks. The program is available both in-person and online, with the online version featuring interactive multimedia learning modules and a virtual mentor. By completing the CMA program, aspiring mortgage professionals will gain a better understanding of the industry and the knowledge necessary to navigate it with confidence.
This article was contributed on Nov 01, 2023
