Trio of associations form partnership, talk designation

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It’s an alliance seen as increasingly important for a challenged industry, with three provincial associations now formally banding together in partnership -- and with an eye to eventually creating a “professional designation.”

That last bit is only one of several outcomes the Alberta Mortgage Brokers Association (AMBA), the Independent Mortgage Brokers Association of Ontario (IMBA) and the newly-minted Mortgage Brokers Association of Atlantic Canada (MBAAC) have in mind.

“The association partnership will focus on sharing educational resources, training practices and professional development strategies and resources with the intent to create a national education program that exceeds the minimum criteria and eventually become recognized as a professional designation,” reads an AMBA release issued Friday.

More generally, their collaborative partnership will be focused on supporting, educating and unifying the Canadian mortgage brokerage industry.

“We “have aligned resources based on membership consensus pointing to specific areas of concern regarding education, self-regulation, errors and omissions insurance and regulatory bodies/government affairs,” according to the statement.

The partnership also aims to incorporate the self-regulation strategy into their collective educational programs and to grow their dialogue with consumers and regulators.

“We believe all associations should move to become professional associations, rather than trade associations,” says AMBA’s Paul Bojakli, “and this collaborative move is the first step to making this a reality.”

  • Sylvia on 2012-06-23 5:47:45 AM

    Why would they do this when we already have a national designation -- the AMP. CAAMP and the AMP are already established, recognized and have a track record of investing $ into consumer advertising and promotion. We don't need another designation to tie up our money...

    MBABC saw the same thing a few years back and decided to support the AMP - smart strategic decision. IMBA already tried to have a designation which fizzled very quickly.

    If you want to raise industry awareness and increase and promote professionalism, why not work from a place of strength -- from within. We should be promoting AMP as the national standard!

  • Good for them on 2012-06-23 6:12:48 AM

    The AMP is justa cash grab... how can you have an association called: The Canadian Association of ACCREDITED MORTGAGE PROFESSIONALS and not recognize that a licensed mortgage broker is accredited... you know by the regulator, or the fact that they had to take licensing courses? CAAMP is also not a BROKER association, they are a MORTGAGE association. BIG difference. They do not advocate just for brokers, they advocate for the industry as a whole - which is a good thing. Just don't confuse the two.

  • Roger on 2012-06-23 6:40:26 AM

    "...will focus on sharing educational resources, training practices and professional development strategies and resources with the intent to create a national education program..."

    Doesn't CAAMP already have licensing courses in almost every province? Surely the education must be good of all those provincial regulators are approving it for use in licensing.

  • Faye Drope on 2012-06-29 4:51:26 AM

    I too agree with Good for them. AMP is a cash grab. I always have kept up my education by attending courses and will continue to keep up my 12 credit courses each year but I refuse to pay to have a AMP behind my name. Either it becomes mandatory as part of our profession or not. Until then it is a cash grab. PS I had been an AMP since its inception but recently gave it up due to the fact that not one person has ever asked me what it means. NOT ONE!

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