Canadian Association of Accredited Mortgage Professionals

Canadian Association of Accredited Mortgage Professionals
Industry Trade association
Founded 1994 (1994)
Headquarters Toronto, Ontario, Canada
Key people
  • Jim Murphy, AMP (President and CEO)
Products
Website www.caamp.org

The Canadian Association of Accredited Mortgage Professionals (French: Association canadienne des conseillers hypothécaires accrédités), CAAMP (French: ACCHA) is the national association representing Canada's mortgage industry. CAAMP’s membership included 12,000 mortgage brokers, mortgage lenders, mortgage insurers and other industry stakeholders.[1] CAAMP (formerly the Canadian Institute of Mortgage Brokers and Lenders or CIMBL) provides the Accredited Mortgage Professional (AMP) designation in Canada (French: CHA), to qualifying mortgage professionals.

CAAMP provides mortgage professionals with the Accredited Mortgage Professional (AMP) designation - the national designation for professionals in Canada’s mortgage industry.

CAAMP is also a consumer advocate, educating Canadian consumers about obtaining a mortgage, and providing access to a cross-country network of mortgage professionals.

Activities

CAAMP provides advocacy, education and information to mortgage professionals, regulators, and mortgage consumers, to help ensure a transparent and ethical mortgage marketplace in Canada.[2]

CAAMP’s activities include:

CAAMP is the official provider of:

  • Mortgage Broker[5] and Mortgage Agent[6] education programs that provide Government of Ontario licensing for brokers and agents.
  • Mortgage Salespersons Licensing Courses in Manitoba[7]
  • Mortgage Associate licensing courses in Saskatchewan[8]
  • Materials (Introduction to the Canadian Mortgage Market and Introduction to the Canadian Mortgage Industry 4th ed., 2012 ) for B301 & B321 courses Bachelor of Applied Business – Accounting & Financial Planning courses at George Brown College[9]

AMP designation

CAAMP created the Accredited Mortgage Professional (AMP) designation in 2004 to increase the level of professionalism in Canada’s mortgage industry.[11] AMPs must meet a number of qualifications, which include successfully completing mortgage education courses that cover ethical practice and responsibilities, and completing Continuing Education (CE) units each year in order to maintain their designation.[12]

Annual conference

Held annually in the fall, CAAMP’s Mortgage Forum is the largest gathering of mortgage professionals in Canada. The conference offers educational and informational sessions designed to help attendees advance their business, and features keynote speakers, a trade show and networking opportunities for attendees. The 2013 Mortgage Forum was held November 24–26, 2013, in Toronto, Ontario.[13] The 2014 Mortgage Forum will be held in Montreal, Quebec.

Governance

CAAMP is governed by a 6-person Executive Committee and a 12-person Board of Directors that represents seven regions across Canada.

CAAMP Foundation

The CAAMP Foundation is committed to raising awareness of the importance of financial literacy [14] and responsible consumer borrowing through a variety of initiatives, such as contributions to Habitat for Humanity, funding of research projects, the provision of education materials and publications as well as establishing scholarships for emerging leaders. The CAAMP Foundation also currently funds scholarships for post-secondary students in need of financial assistance to assist with their education.

See also

References

  1. ""CAAMP Overview" CAAMP web site". CAAMP.org. December 3, 2013. Retrieved December 4, 2013.
  2. "CAAMP annual Report 2012/2013". CAAMP. December 3, 2013. Retrieved December 4, 2013.
  3. "Wall Street Journal: CAAMP releases annual spring report on residential mortgage market". Wall Street Journal. May 22, 2013. Retrieved February 4, 2014.
  4. "Canadian Mortgage Trends: Finance Minister Jim Flaherty meets with CAAMP". Canadian Mortgage Trends. September 18, 2013. Retrieved February 3, 2014.
  5. "Becoming a Licensed Mortgage Broker". Financial Services Commission of Ontario. August 12, 2013. Retrieved April 27, 2014.
  6. "Becoming Licensed as a Mortgage Agent". Financial Services Commission of Ontario. August 12, 2013. Retrieved April 27, 2014.
  7. "Mortgage Broker". The Manitoba Securities Commission. April 28, 2011. Retrieved April 28, 2014.
  8. "Superintendent of Financial Institutions Approves CAAMP’s Saskatchewan Mortgage Associate Course". Financial and Consumer Affairs Authority. November 15, 2011. Retrieved April 27, 2014.
  9. "Mortgage Underwriting & Admin". George Brown College. November 15, 2011. Retrieved April 27, 2014.
  10. "CBC: The Current. Housing Market: Mortgages & Interest Rates, broadcast". CBC. May 28, 2012. Retrieved February 4, 2014.
  11. "What is an Accredited Mortgage Professional?". First Foundation. September 15, 2013. Retrieved April 27, 2014.
  12. "The Importance of having an Accredited Mortgage Professional On Your Side". Banknerd.ca. September 15, 2009. Retrieved February 4, 2014.
  13. "CAAMP Mortgage Forum 2013.". Canadian Mortgage Trends. November 16, 2013. Retrieved February 4, 2014.
  14. "Mortgage industry & credit counsellors team up on Financial Literacy for homebuyers". Financial Post. June 23, 2010. Retrieved February 4, 2014.

External links

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