Wayne Gibbs, head of mortgages at Origen, says all mortgage intermediaries should now start looking beyond the minimum qualifications required to take part in the regulated market as part of industry-wide attempts to boost skillsets and consumer confidence.
This explains why Gibbs and his whole team will be taking the Institute of Financial Services’ (ifs) new advanced mortgager advice qualification Advanced CeMAP, he says.
Although a voluntary measure, it is part of a commitment to ensuring Origen’s advisers are on top of issues such as equity release – often in the news for the wrong reasons – Treating Customers Fairly, and to ensure participation in the commercial mortgages sector.
These areas make up some of the five core components of the Advanced CeMAP, which are precisely the sorts of areas the industry needs to address in order to boost confidence to a higher level, where there may currently be questions, for example, over issues of equity release.
”We do need to wipe the slate clean [on equity release].The industry needs to show it can do a good job in that market.”
Gibbs also praises the ifs for being the first to market with an “advanced” qualification for the mortgage intermediary sector. This will aid intermediaries in moving beyond the skills obtained through taking basic CeMAP or the Mortgage Advice Qualification, MAQ.
Origen was created by the merger of five adviser businesses under parent Aegon UK.IFAonline
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