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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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76% - Very Often

Accredited Mortgage Professional


Website:http://www.caamp.org
Synonyms:adept, experienced professional, qualified mortgage broker, skilled
Acronyms &
abbreviations:
AMP
Relevant locations:Canada
Notes:Accreditation offered by Canadian Association of Accredited Mortgage Professionals (CAAMP).
Filed Under: designation, mortgages
Tags: accreditation, mortgage, mortgage broker
 
Narrowly associated with: [Canadian Association of Accredited Mortgage Professionals]

Definition of Accredited Mortgage Professional (AMP)

Accredited Mortgage Professional (AMP)
1. "Accredited" means officially recognized or authorized.
2. The Accredited Mortgage Professional (AMP) is Canada's national designation for mortgage professionals. Launched in 2004, the AMP was developed by CAAMP (formerly CIMBL) as part of an ongoing commitment to increasing the level of professionalism in Canada's mortgage industry through the development of educational and ethical standards. Consumers should know that the AMP designation sets a single national proficiency standard for Canada's mortgage professionals.


Related Terms and Acronyms:

  • broker (Bkr)   A person or firm who acts on behalf of another.
  • Canadian Association of Accredited Mortgage Professionals (CAAMP)   Supports the mortgage industry with statistics, publications, research reports and accreditation through its AMP designation.
      ➥  Formerly known as the Canadian Institute of Mortgage Brokers and Lenders (CIMBL).
  • creative financing   An innovative or unusual way of structuring a home loan that allows the buyer to buy the house.
  • Institute of Canadian Bankers   An institute that provides education and training programs specific to professionals in the financial-service industry
  • mortgage (mtg)   A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • Mortgage Broker (MB)   One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.

Broad and Narrow Associations

[Canadian Association of Accredited Mortgage Professionals]
  • Canadian Association of Accredited Mortgage Professionals (CAAMP) — Company Est.1994, Toronto, Ontario, Canada, Very Important   Supports the mortgage industry with statistics, publications, research reports and accreditation through its AMP designation.
      ➥  Formerly known as the Canadian Institute of Mortgage Brokers and Lenders (CIMBL).
  • Canadian Institute of Mortgage Brokers and Lenders (CIMBL) — Canada, Low Relevance
      ➥  Now known as Canadian Association of Accredited Mortgage Professionals (CAAMP).

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