|
Read below to find answers to some of the most frequently asked questions about the CMCP. Getting Started
How do I earn the Certified Mortgage Compliance Professional (CMCP) designation?
There are three levels in the CMCP Specialist Designation learning path. Successful completion of Level I will earn you the Mortgage Compliance Achievement Certificate, Level II the Mortgage Compliance Professional Certificate, and Level III the Certified Mortgage Compliance Professional (CMCP) designation. You will need to enroll in each level of the program.
How do I know where to start? Which certificate is first?
Each level is designed to incorporate your experience:
Achievement Certificate: CMCP Level I courses are recommended for individuals with at least 1 year of experience.
Professional Certificate: CMCP Level II courses are recommended for individuals with 3-4 years of experience.
CMCP Designation: CMCP Level III courses are recommended for individuals with 4+ years of experience.
What if I have less than one year experience?
If you have less than one year experience in regulatory compliance, we recommend that you complete a mortgage banking web-based overview course such as Mortgage Banking Primer prior to beginning this program.
Fees
Will I receive a certificate at each level?
You will receive a printed certificate for successful completion of Level I and Level II.
When you successfully complete Level III and earn your CMCP designation, you will be presented the CMCP Specialist Designation certificate in a professional plaque at the MBA Regulatory Compliance Conference.
After I enroll in the program, do I need to pay separate testing fees?
The testing fees are included in your enrollment fees for Level I and Level II. You are required to pay an enrollment fee at each level.
The CMCP designation (Level III) exam is an additional fee ($150 for MBA members, $300 for nonmembers).
If I do not pass an assessment, are there fees for retesting?
If you have successfully completed the coursework for Level I, II, or III but need to retake the test, you must pay a retesting fee of $100 for each level.
Are courses included with the enrollment fee?
Courses are not included with the enrollment fee. You must register for and purchase required courses separately. You may do so online or by calling (800) 348-8653.
I am currently enrolled in an e-Ticket with my company. Do I have to pay the enrollment or retesting fees?
If your company subscribes to CampusMBA’s e-Ticket program and you are an e-Ticket participant, you may enroll in Levels I and II at no additional cost. In order to waive these fees, you must enroll through the e-Ticket enrollment page. Should you not pass the final exam on the first attempt, you must pay a retesting fee in order to take the exam again.
If you need help enrolling in a certificate program or course, or for if you have questions regarding testing, please call (800) 348-8653.
My company licenses course content from CampusMBA and hosts the courses on our company's learning management system. Do I have to pay enrollment fees?
Yes. Your trainer must provide proof of course completion to the CampusMBA registrar.
Testing
When can I take the CMCP Level I assessment?
You may take the assessment after you have enrolled in Level I1 and have completed all of the Level I course work.
When can I take the CMCP Level II assessment?
When you have completed all requirements for Level I, have enrolled in Level II and have successfully completed all of the Level II courses.
When can I take the CMCP Level 3 assessment?
When you have completed all requirements for Level I and Level II, have enrolled in Level III and have successfully completed all of the Level III courses. In addition to the comprehensive exam, candidates must also submit a sample regulatory compliance case study and give a 30-minute oral presentation.
I am ready to take the test. How do I gain access to the test?
After you've enrolled and have successfully completed all coursework for that step, contact Jennifer Ridings at (202) 557-2780, or email Hannah Zippin to sign up for the test. The online test will appear in the “My Courses” box of your module after you log in. You will have only one opportunity to take the test and pass it.
What score do I have to earn in order to pass each test and how will I know what my score is?
You must score a 75% or better to successfully pass the test. When you enroll in the program, you will receive a study outline. You will receive immediate feedback on your test results for Level I and Level II. Your Level III test results will be provided to you within one week of CampusMBA receiving the appropriate proctor form.
Do I have to have a proctor form for each test?
No, you must only complete a proctor form for Level III testing. You will receive a proctor form upon enrollment in Level III in your testing package. If you need an additional proctor form, please call (800) 348-8653.
How much time is allowed to take the test? Is the timeframe the same for each step?
You should allow approximately 2 hours for the Level I and Level II tests. You should allow 2-4 hours to complete the Level III exam.
Once I pass the Level III test and earn my CMCP designation, do I have to do anything to keep my designation?
Yes, you must earn a minimum of five points every two years and must pay a $100 renewal fee to keep your CMCP designation active.
Retesting
I have completed all of the required coursework but failed my test. What is the process for taking it again?
You can sign-up for a retest for Level I, II, or III by calling (202) 557-2780. You will be required to pay a retesting fee of $100.
How many times can I retake the test?
You may retake the exam as many times as needed to successfully pass. There is no waiting period in between retesting.
Additional Questions
I still have questions about the CMCP program. Is there someone I can talk to for more information?
Absolutely – we are happy to answer any questions you may have. Please call a member of our designations team at (202) 557-2780.
|