CAAMP recently announced that effective July 1st,
2014, only mortgage brokers will be designated as AMPs in the future. If you
are a lender who has staff members who are not brokers and are designated as
AMPs, this change will impact you. While the AMP designation under the new
criteria will only apply to mortgage brokers, CAAMP will be releasing new
designations for lenders. In a recent PDF released by CAAMP it was indicated
that there will be more news to come as it relates to the changes this. For
complete and accurate information about CAAMP’s changes as it relates to the
new AMP designation please review this PDF that was released by CAAMP this past
spring: http://caamp.org/meloncms/media/AMP%20New%20Requirements_2.pdf.
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