AMP Program Goals

• Create a research-based professional standard for proficiency in the mortgage industry
• Enhance consumer protection
• Improve image of industry — increase consumer confidence and willingness to use an AMP, increase regulators' confidence that CAAMP and its members are concerned with consumer protection.
• Brand CAAMP as the leading industry association and certification body

Questions about the Accredited Mortgage Professional (AMP) Designation

What is the AMP?

What is the value of the AMP?

Who can earn the AMP designation?

How do I earn the AMP designation?

Recognized proficiency courses

What do I do if I have not completed one of the CAAMP approved courses?

What is the CAAMP AMP Challenge Exam?

What specialization categories exist and how do I qualify?

How do I maintain my AMP designation?

How do I report my continuing education (CE) credits?

What does the AMP designation cost?

How can I apply for the AMP designation?

What is the Accredited Mortgage Professional (AMP) designation?
The AMP is a national designation for mortgage professionals in Canada. Launched in January 2004, the AMP designation was developed as part of CAAMP’s ongoing commitment to increasing the level of professionalism in Canada’s mortgage industry through the development of educational and ethical standards. The AMP designation sets a single national proficiency standard for Canada’s mortgage professionals.

What is the value of the Accredited Mortgage Professional (AMP) designation?
The AMP designation will differentiate you from others, giving you added credibility and a competitive edge. It will:

• Increase your credibility with consumers

  Earning the AMP designation demonstrates your commitment to providing the highest level of professional service to your clients. Consumers will feel confident that they are dealing with a professional who has met a high standard of education and training, is bound by a strict code of ethics and has committed to continued education.

• Increase your credibility with business partners

  Holding an AMP designation provides additional assurances to your business partners and associates that you are a financial professional.

Who can earn the Accredited Mortgage Professional (AMP) designation?
CAAMP members with at least two years of industry experience can earn the AMP designation.

How do I earn the Accredited Mortgage Professional (AMP) designation?
To apply for the AMP designation, applicants must meet the following requirements:

1. Be a CAAMP member in good standing and abide by the CAAMP Code of Ethics.
To view the Code of Ethics, click here

2. Have a minimum level of experience in the mortgage industry; demonstrate proficiency AND provide proof of experience using Option 1 or Option 2 below

Option 1 – Proficiency Course

• Provide proof of at least two years of experience in the mortgage industry AND
• Provide proof of successful completion of the CAAMP Challenge Exam OR a
  CAAMP approved Proficiency Course.

Option 2 – Five Year Rule

• Provide proof of five or more years of experience in the mortgage industry.
• Provide letters of reference from two AMPs in good standing. The references must recommend that the applicant be granted the AMP and may be included as one of the documents used to prove experience.

3. Complete CAAMP's mandatory pre-accreditation course, Ethics and Responsibilities for Mortgage Professionals, either online or via seminar.

• The online course is available here
• To check whether a seminar is being offered in your region, click here

For more information click here

What do I do if I have not completed one of the CAAMP approved courses?
If you have not successfully completed one of the proficiency courses listed below above and you have less than five years of experience in the mortgage industry, you have not yet met the education requirement to become an AMP. You have two choices – you can sign up for and complete one of these approved courses, OR you can register for the CAAMP Challenge Exam.

What is the CAAMP AMP Challenge Exam?
The CAAMP AMP Challenge Exam is an exam designed to demonstrate your understanding of the fundamental knowledge necessary to be proficient in the mortgage industry. To pass the challenge exam you need to request CAAMP’s ‘Introduction to the Canadian Mortgage Industry’ text, the same text that is used in Seneca’s FSU 101 course. To prepare for the exam, review the text materials thoroughly on your own or with colleagues. When you feel you are ready, contact CAAMP to arrange an exam sitting.

The exam consists of 120 multiple choice questions. You have 3 hours to complete the exam.

What specialization categories exist and how do I qualify?

AMP originators are now able to identify themselves as Residential Mortgage Specialists, Commercial Mortgage Specialists or both. Specialists will be identified on the CAAMP website so consumers will be able to find an AMP based on their area of expertise.

AMP originators who qualify for either category will receive a personalized specialist certificate. If you wish to be recognized as a Specialist, complete and submit one or both of the declarations on the form below.

Residential and Commercial Mortgage Specialists Declaration Form (146 KB)

NOTE: The above-mentioned courses may or may not qualify for licensing purposes. Please check with the regulator in your province for exact licensing requirements.

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In order to maintain their designation, all AMP’s must meet the following requirements:

1. Continue to be a member of CAAMP in good standing, abiding by the CAAMP Code of Ethics.

CAAMP Code of Ethics

2. Complete and declare ten hours of continuing education (CE) credits in each 12 month CE cycle along with the signed Annual Declaration.

Annual Declaration and CE Reporting Form.pdf (117 Kb)

For more information on what does or does not qualify for continuing education, review the AMP Continuing Guidelines document:

AMP Continuing Education (CE) Guidelines.pdf (49 Kb)

3. Submit payment of the Annual AMP Fee when invoiced.

How do I report my continuing education (CE) credits?
Continuing education (CE) credits must be reported to CAAMP using the CE Reporting Form for Professional Development. Please note that this form must be downloaded, printed, and faxed into CAAMP. Please include all credit activities on the form, including those where an attendance sheet was signed. This form is the only record we require of your CE credits. We ask that you do not send proof of completion of your credits to CAAMP, but rather keep it on file for four years for auditing purposes. AMPs need to complete the CE reporting form and send it in to CAAMP once per AMP cycle, when all required credits have been completed.

Annual Declaration and CE Reporting Form.pdf (117 Kb)s

What does the AMP designation cost?
The annual renewal fee for AMP is $175 plus GST (and QST for residents of Quebec). This fee must be included with all AMP applications.

IMPORTANT: In order to qualify for the AMP designation, you must first be a member of CAAMP. The CAAMP membership fee is a separate fee from the AMP fee. For CAAMP membership information, click here

AMP designation holders are responsible for any course fees associated with the continuing education requirement.

How can I apply for the AMP designation?
Download the Accredited Mortgage Professional (AMP) brochure.pdf (375 Kb):

Or contact:

Armando España
Business Development Coordinator
Main Tel: 416-385-2333 Ext. 45
Email: aespana@caamp.org

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