Second charge distributor Fluent Money says it is set to have all 85 of its client-facing team fully CeMAP qualified by the end of May 2016.
Currently, 42 advisers including four senior managers and seven compliance team members are CeMAP 3 qualified, 18 case managers are at level 2 and working towards level 3, with 25 others having achieved level 1.
Tim Wheeldon, Fluent Money’s chief operating officer, said: “We have been working towards a point when all our client facing personnel would be level 3 CeMAP qualified, but we have been blown away by the enthusiasm of other parts of the business to go through the training. Both the IT department and accounts teams decided to take part and are moving along the path to CeMAP qualification.
“As a leader in the second charge market, it is up to us to walk the walk as well as talk the talk. The regulator required all advisers to be at level 1 by April 2016 and to have passed level 3 by April 2018. In addition to our advisers, every one of our client facing employees will have achieved CeMap level 3 by the end of next month which we consider to be a significant achievement and well ahead of regulatory requirements.
“We are already working with brokers who are new to the second charge market and it is vitally important that they see that not only are we in complete command of our own speciality, but also fully understand the first charge market and the issues that they face as advisers and introducers.”