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: 

Administer payment of the proceeds of a mortgage loan in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7189  Administer payment of the proceeds of a mortgage loan in a banking environment 
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 4  NQF Level 04  59 
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 for people who are required to administer instructions for payment of the proceeds of a mortgage loan. People credited with this unit standard are able to prepare payment instructions, effect the payment and advise borrower of obligations in terms of loan granted. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Open. 

UNIT STANDARD RANGE 
Mortgage loan includes residential, commercial, industrial and agricultural loans. Proceeds of a mortgage loan include full payment on ordinary loans, progress payments on building loans and/or further advances on existing loans granted in the name of individuals and/or non-individuals. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Advise borrower of obligations in terms of loan agreement 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Borrower is notified of payment of proceeds of the granted loan according to company specifications. 
ASSESSMENT CRITERION RANGE 
Notification includes, but is not limited to confirmation of transaction to clients, attorneys and employers where collateral is applicable.
 

ASSESSMENT CRITERION 2 
2. Repayment of proceeds of loan is confirmed with borrower as per mortgage loan record. 
ASSESSMENT CRITERION RANGE 
Confirmation of repayment includes, but is not limited to amount, repayment method, payment cycle, payment due date and insurance premiums.
 

ASSESSMENT CRITERION 3 
3. Borrower is advised of conditions of the loan agreement as per agreement. 
ASSESSMENT CRITERION RANGE 
Conditions include, but are not limited to registration date, loan amount, interest rate, term of loan, and legal requirements.
 

SPECIFIC OUTCOME 2 
Prepare payment of the proceeds of a mortgage loan 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Request for payment is obtained and recorded according to company specific regulations. 
ASSESSMENT CRITERION RANGE 
Requests could be electronic, facsimile copies and/or original.
 

ASSESSMENT CRITERION 2 
2. Authenticity of request for payment is determined according to company specific criteria. 
ASSESSMENT CRITERION RANGE 
Criteria include, but are not limited to written and/or telephonic confirmation; notation of request; and verification of signatures against mandates.
 

ASSESSMENT CRITERION 3 
3. Payment is validated according to company specific criteria. 
ASSESSMENT CRITERION RANGE 
Criteria include, but are not limited to verification of payment details; conditions of loan agreement; required documentation; calculation of guarantees and payment amount.
 

ASSESSMENT CRITERION 4 
4. Payment instructions are prepared as per request. 
ASSESSMENT CRITERION RANGE 
Instructions include, but are not limited to commission payable to respective parties e.g. agents, HBRC; lump sum payment or progress payments.
 

SPECIFIC OUTCOME 3 
Effect payment of the proceeds of a mortgage loan 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Transaction is authorised according to company mandate specifications. 

ASSESSMENT CRITERION 2 
2. Transaction is processed and noted on record according to payment instructions. 
ASSESSMENT CRITERION RANGE 
Processing of debits, credits, journals and/or cheque payments.
 

ASSESSMENT CRITERION 3 
3. Payment is made according to method stipulated in request. 
ASSESSMENT CRITERION RANGE 
Payment is done electronically, via journals (internally) or per cheque.
 

ASSESSMENT CRITERION 4 
4. Interest of Lender is protected in accordance with company specific regulations. 
ASSESSMENT CRITERION RANGE 
Interest refers to payments within guarantees and conditions; payment on date of registration and/or within building progress; payment received by correct party; follow-ups on outstanding payments.
 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation process (including moderation):
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • 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.
  • 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 which is accredited by the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Learners are able to:
  • Use formulas in the calculation of financial figures
  • Complete and process company specific financial transactions
  • Interact effectively with concerned parties and resolve conflict where applicable
  • Identify and discuss the mortgage loan legalities applicable per type of loan
  • Operate company specific data systems to capture, locate and extract information
  • Interpret formal requests from attorneys and to define associated terminology
  • Conceptualise company specific mortgage loan processes and role-players
  • Describe and differentiate between types of mortgage loans
  • Use technology and systems to communicate and to ensure the effective flow of information
  • Recognise the importance of adhering to the conditions of a loan agreement 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information when preparing payment of the proceeds of a mortgage loan, ensuring payment decision is based on complete and accurate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate both verbally and in writing when advising concerned parties of obligations in terms of loan agreement. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively when operating electronic systems to capture, locate and extract information, ensuring complete and accurate flow of information. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the relationship between internal departments, attorneys and clients and the importance of networking to effectively administer payment of the proceeds of a mortgage loan. 

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

    UNIT STANDARD NOTES 
    Legal requirements:

    Applicable Finance Law

    Terminology:

    NHBRC
    National Home Builder's Registration Council

    Assessment against unit standard:

    Assessment practices against this unit standard should meet the requirements of established assessment principles, such as validity, reliability and fairness. Assessment activities and tools, which are appropriate to the context in which learners are working, should be used. The assessment should ensure that all the specific outcomes, critical cross-field outcomes, and essential embedded knowledge are assessed. Learners are required to demonstrate that they can perform the specific outcomes with understanding and reflexivity and, where applicable, within all the situations and circumstances defined by the range statement(s). 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


    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. Absa Learning & Development 
    2. Bidvest Bank 
    3. Chartall Business College 
    4. Cornerstone Performance Solutions (Pty) Ltd 
    5. Felix Risk Training Consultants 
    6. Firstrand Bank - Benmore 
    7. Nedbank Ltd 
    8. The Facilitation Workshop 



    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.