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Accredited Mortgage Professional (AMP) Designation


About the AMP


The Accredited Mortgage Professional (AMP) is the national designation for Canada’s mortgage industry. Launched in 2004, the AMP designation was developed as part of Mortgage Professionals Canada’s ongoing commitment to increasing the level of professionalism in Canada’s mortgage industry.


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.
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Vision Statement


To be the symbol of mortgage professional excellence in alignment with Mortgage Professionals Canada's vision and values.


Invest In Yourself. Invest In Your Career.


The AMP can help you grow your business. An increasing number of Canadian mortgage consumers are becoming more aware of the AMP designation and are increasingly seeking the advice of an Accredited Mortgage Professional.




The AMP Advantage


  • Public Awareness
  • Professionalism
  • Differentiation
  • Specialization
  • Personal Growth
  • Value & Recognition
  • Lender Benefits
  • Ethics and Fraud Avoidance
  • Discounts
  • Self-Promotion Tools




For Mortgage Professionals


  • Demonstrate commitment to the highest standards of industry performance
  • Differentiate yourself from other mortgage originators (provides assurances to business partners and clients that they are dealing with a qualified professional who has met the highest standards of industry performance, continuing education and ethical business practices)
  • Be more credible with clients
  • Receive the benefits of ongoing continuing education
  • Improve opportunities for personal development
  • Benefit from networking




For Firms

  • Identify highly qualified new employees
  • Raise the bar for current employees
  • Differentiate your firm
  • Be more credible with clients
  • Rely on the AMP complaints/disciplinary process to help promote ethical business practices and consumer protection
  • Assurance that originators have agreed to comply with best practices


The AMP designation will differentiate you from others, giving you added credibility and a competitive edge.



Become an AMP


Requirements to Become an Accredited Mortgage Professional


The AMP designation represents professionals from different parts of the mortgage broker channel. Stringent qualification and maintenance requirements are divided into two streams:

  • AMP for Brokers
    (Mortgage Originators including Associates, Agents, Salespersons and Submortgage Brokers)
    If mortgage origination (i.e. taking a mortgage application from clients, assessing borrowers, placing loans with lenders) is a main function of your role, you must qualify under the Broker stream
  • AMP for Non-Brokers
    (including Underwriters, Fulfillment Specialists and Administrators)
  • AMP Brochure + Application Form

                 


Maintain Your AMP


Requirements to Maintain Your AMP Designation


1) Continuing Education Requirements


Complete 12 Continuing Education units each year, four of which must be from the following compulsory categories:

  • Regulatory Compliance
  • Fraud Avoidance
  • Housing and Mortgage Economics
  • Advertising and Marketing Standards

For more information on the Continuing Education requirements, access online courses or to view the Continuing Education Program Guidelines - click here.

To view all mortgage education course offerings - click here.

To download the Step-by-Step AMP CE Self-Reporting Guide - click here.

  • Submit your AMP fees upon your respective annual renewal date


2) Experience Requirements


Mortgage Originators

  • Residential
    must have completed a minimum of 24 funded deals per year for each of the past two years.
  • Commercial
    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.

Management and Compliance
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, hub-underwriters and other review roles.


3) Annual Attestation


You will receive an Annual Attestation confirming the above-mentioned requirements have been met. Please complete it within two weeks. Supporting documentation may be requested upon audit.


If you have any questions, please contact amp@MortgageProsCan.ca