"Does your mortgage broker or banker have the AMP designation?"
AMP stands for "Accredited Mortgage Professional". It is the only national designation for Canada’s mortgage industry. CAAMP (Canadian Association of Accredited Mortgage Professionals) created the AMP designation in 2004 as part of their ongoing commitment to increase the level of professionalism in Canada’s mortgage industry. It upholds the highest standard of mortgage industry ethics and professional excellence. The AMP designation differentiates mortgage professionals from others in the mortgage industry. It demonstrates their commitment to providing you with the highest level of service while finding the best mortgage solution suited to your needs.
AMP’s are committed to finding the best mortgage for you, not the bank! They will explain all your mortgage options and provide you with peace of mind throughout the mortgage process. They can answer questions and provide knowledge from their high amount of education and experience in the mortgage industry. You’ll feel at ease when dealing with an AMP who has met the highest standards of industry performance, ethical business practices and commitment to ongoing education. A series of educational and mortgage experience requirements have to be met to receive the AMP designation and not everyone in the mortgage industry qualifies. As well, 12 + hours of educational courses &/or seminars are required yearly to renew the AMP designation. The AMP represents added value and access to the dedicated services of a professional who is focused on meeting your needs. Ask your banker, mortgage broker or mortgage specialist if they have their AMP designation? If not, look for the expertise of an AMP today!
For more information visit CAAMP’s website at: www.mortgageconsumer.org
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Tip provided by Tamara Mezzo- who was a Previous Trusted Saskatoon Mortage Broker