SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Present the factual requirements of mortgage finance options 
SAQA US ID UNIT STANDARD TITLE
13300  Present the factual requirements of mortgage finance options 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for learners who have or will have contact with borrowers in search of information regarding loan options.

Persons credited with this unit standard will be able to demonstrate knowledge and understanding of terms and concepts associated with mortgage finance, explain general requirements for a standard loan, explain requirements for a building loan and match a clients needs with a specific mortgage finance solution/product. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner has an understanding of the concepts related to property, ownership, security, mortgage finance as a form of security, and knowledge of the bond registration process. Learners should be competent in Communication at level 3. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge and understanding of terms and concepts associated with mortgage finance 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The concept of what a mortgage loan is and how it operates is explained in own words according to general financial principles and general banking policy and practice. 

ASSESSMENT CRITERION 2 
2. The rights and responsibilities of the parties to the loan are identified and explained according to the mortgage finance loan agreement. 

ASSESSMENT CRITERION 3 
3. Typical terms and requirements unique to mortgage finance agreements are identified and explained according to the loan agreement. 

ASSESSMENT CRITERION 4 
4. The key consequences associated with mortgage finance are identified and explained according to general banking policy and practice. 

SPECIFIC OUTCOME 2 
Explain general requirements for a standard loan 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. A typical profile to qualify for a mortgage finance loan is compiled and explained in own words according to general financial principles and general banking policy and practice. 

ASSESSMENT CRITERION 2 
2. The relationship between the value of the property and the amount of a mortgage finance loan is explained using example according to the financier's lending policy. 

ASSESSMENT CRITERION 3 
3. The details relating to repayment of the loan are explained using examples according to the financier's lending policy. 
ASSESSMENT CRITERION RANGE 
Instalments, repayment, term of loan, interest. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 4 
4. The supporting documentary requirements for the evaluation and processing of a standard mortgage loan are specified and their purpose explained according to the financier's lending policy. 

SPECIFIC OUTCOME 3 
Explain requirements for a building loan 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The characteristics of a building loan as a type of mortgage finance are explained according to the financier's policy. 

ASSESSMENT CRITERION 2 
2. The process and procedure and calculation related to progress payments during the course of building are explained according to the financier's procedure and policy. 

ASSESSMENT CRITERION 3 
3. The concept and calculation of interim interest is explained with illustrative examples. 

ASSESSMENT CRITERION 4 
4. The financial implications and consequences to the financier associated with a building loan are explained according to the financier's risk management approach. 

ASSESSMENT CRITERION 5 
5. The documentary requirements for the consideration and processing of a building loan are specified and their purpose explained according to the financier's lending policy. 
ASSESSMENT CRITERION RANGE 
Building contract, NHBRC registration, approved/acceptable builder/ contractor, approved building plans, schedule of finishes.
 

SPECIFIC OUTCOME 4 
Match a clients needs with a specific mortgage finance solution/product 
OUTCOME RANGE 
Mortgage finance products offered to both high income and low-income clients. Evidence of competence in both income categories is required. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The clients basic finance requirements are identified according to the client's needs. 

ASSESSMENT CRITERION 2 
2. The features and benefits of the financier's particular product are explained and compared to similar products according to the financier's marketing approach. 

ASSESSMENT CRITERION 3 
3. The match of client need to the appropriate mortgage finance solution is illustrated through a business case analysis according to the financier's policy, practice and product range. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1 Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2 Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
3 Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
The knowledge acquired in this standard relates to an understanding of what a mortgage loan is and how it works in practice and in principle. This includes what the loan offers a client, what sort of financial implications and consequences are associated with lending of this kind and what lending qualifying criteria are required and why. The criteria against which this knowledge is evaluated are expressed in the standard. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
N/A 

UNIT STANDARD LINKAGES 
N/A 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
In this standard the learner demonstrates the ability to identify and solve problems when matching the clients need to the appropriate mortgage finance solution is illustrated through a business case analysis according to the financier`s policy, practice and product range. 

UNIT STANDARD CCFO COLLECTING 
In this standard the learner demonstrates the ability to collect, organise and critically evaluate information when a typical profile to qualify for a mortgage finance loan is compiled and explained in own words according to general financial principles and general banking policy and practice. 

UNIT STANDARD CCFO CONTRIBUTING 
In this standard the learner demonstrates the ability to understand the relationship between the value of the property and the amount of a mortgage finance loan is explained using example according to the financier`s lending policy. 

UNIT STANDARD ASSESSOR CRITERIA 
N/A 

REREGISTRATION HISTORY 
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

UNIT STANDARD NOTES 
Additional information:

Legal requirements:

All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
 
1. Chartall Business College 
2. Nedbank Ltd 
3. The Institute of Literacy Advancement 



All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.