GAFM-ChMA Exam Information and Outline
Chartered Mortgage Analyst (ChMA)
Syllabus Update Checked on: November 3, 2026
GAFM-ChMA Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official GAFM-ChMA exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
GAFM.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- Online multiple-choice certification examination following the GAFM Accredited Certification Training Program (ACTP)
- Mortgage Market Fundamentals
- Primary and secondary mortgage markets
- Mortgage Products and Structures
- Fixed, adjustable and interest-only loans
- Underwriting and Credit Analysis
- DTI, LTV and credit scoring
- Property Appraisal Basics
- Valuation approaches for lending
- Mortgage Pricing and Interest Rate Risk
- Prepayment and duration
- Mortgage-Backed Securities
- Securitization and tranching
- Regulation and Compliance
- Consumer protection and fair lending