The AMP builds credibility with industry partners and mortgage consumers alike and is held in the same regard as other professional designations. AMPs can maximize their competitive advantage with the knowledge and training needed to succeed in today’s increasingly competitive business environment. Frequently Asked Questions.
Requirements to become an Accredited Mortgage Professional:
- Membership: be employed by a CAAMP member company - Not yet a member?
- Licensing/Registration*: be licensed or registered as a mortgage broker, agent, submortgage broker, associate or salesperson in province(s) of operation AND carry Errors and Omissions (E&O) insurance coverage.
Mortgage Originator Applicants - must have completed a minimum of 24 funded deals per year for each of the past two years.
Management and Compliance Applicants - must have overseen a minimum of 100 deals per year for each of the past two years. This category includes those responsible for deal oversight including team leads, bug-underwriters and other review roles.
Mortgage Originator Applicants - must have completed a minimum of 15 funded commercial deals with a minimum total value of $10 million for each of the past two years.
- Reference Letters: provide two letters of recommendation; one from an employer, one from a lender; at least one letter must be from a current AMP; at least one must confirm experience requirement.
- National Competency Exam: successfully complete an in-person National Competency Exam, administered by the University of British Columbia, Sauder School of Business; achieving a minimum grade of 70%.
* If an education component is not a requirement for licensing/registration in a province, the AMP applicant must show proof of completion of a proficiency course equivalent to entry-level licensing education in another province. The term ‘broker’ is used as a general term representing licensed originators in the brokerage channel; titles by province may vary.
For more information on the AMP designation program, visit the AMP tab.