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: 

Authorise mortgage loan payments in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7190  Authorise mortgage loan payments 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  16 
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 act as a verification and authorisation point in the process of effecting payments on a mortgage loan. People credited with this unit standard are able to verify the correctness and completeness of mortgage loan records, verify the validity of the transaction and to authorise the payment transaction. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Demonstrated competence in the capturing of mortgage loan application details and the administering of payments of the proceeds of a mortgage loan. 

UNIT STANDARD RANGE 
Residential, commercial, industrial and agricultural loans. Payments 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 
Confirm the accuracy of mortgage loan records 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Client information record is verified and corresponds with loan application and agreement. 
ASSESSMENT CRITERION RANGE 
Client information record includes, but is not limited to borrower's name, contractual capacity and contact details.
 

ASSESSMENT CRITERION 2 
2. Mortgage loan record is verified and corresponds with loan agreement. 
ASSESSMENT CRITERION RANGE 
Mortgage loan record includes, but is not limited to property description, type of loan, term of loan, interest rate, conditions of the contract and valuation details.
 

ASSESSMENT CRITERION 3 
3. The accuracy of the calculated guarantees and payment figures and the recording thereof is confirmed. 

ASSESSMENT CRITERION 4 
4. Property registration details are displayed on record and correspond with registration documentation. 

ASSESSMENT CRITERION 5 
5. Payment details are displayed on record and correspond with actual payments made to date. 

SPECIFIC OUTCOME 2 
Verify validity of mortgage loan payments 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Lender is in possession of all documentation required in terms of loan agreement and conditions. 
ASSESSMENT CRITERION RANGE 
Documentation refers to but is not limited to signed loan agreements, NHBRC enrolment certificate and Waiver of Builder's Lien.
 

ASSESSMENT CRITERION 2 
2. All conditions are met as per loan agreement. 
ASSESSMENT CRITERION RANGE 
Conditions include but are not limited to property insurance; life assurance; collateral/securities; suretyships and guarantees; registration of bond in name of lender and registration of title deed in name of buyer.
 

ASSESSMENT CRITERION 3 
3. Authenticity of payment request is verified according to company specific regulations. 
ASSESSMENT CRITERION RANGE 
Regulations include, but are not limited to signing off in register and verification of signatures against mandates.
 

SPECIFIC OUTCOME 3 
Authorise mortgage loan payment instructions 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Payment documentation is verified against payment request. 

ASSESSMENT CRITERION 2 
2. Amount payable is calculated correctly according to company specific criteria. 
ASSESSMENT CRITERION RANGE 
Calculation criteria include but are not limited to guarantees, payment request, loan granted, commitments and commission payable.
 

ASSESSMENT CRITERION 3 
3. Validity of paypoint and payee details is verified according to company specifications. 

ASSESSMENT CRITERION 4 
4. Protection of Lender's interest is ensured in accordance with company specific regulations. 
ASSESSMENT CRITERION RANGE 
Interest refers to payments within guarantees and conditions; payment received by correct party; no claims against lender and timeous follow-up on outstanding payments.
 

ASSESSMENT CRITERION 5 
5. Transaction is authorised according to company mandate specifications. 


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:
  • Verify the correctness of financial calculations and the processing thereof
  • Interact effectively with concerned parties and resolve conflict where necessary
  • Conceptualise and explain to other parties the company specific mortgage loan process and principles
  • Explain the difference between the types of mortgage loans and corresponding legal implications and requirements
  • Operate company specific data system to locate and extract information
  • Use technology and systems to communicate effectively
  • Critically evaluate information for correctness
  • Create a culture of accuracy and adherence to conditions of loan agreement 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems when confirming the accuracy of mortgage loan records and verifying the validity of mortgage loan payments, ensuring payment authorisations are only given once authenticity and validity had been established. 

    UNIT STANDARD CCFO WORKING 
    The learner is able to work effectively with others when validating payment instructions from internal departments, attorneys and/or clients, ensuring authentic and valid payment authorisations. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage his/her activities responsibly and effectively, ensuring that the interest of the lender is protected through accurate and timeous payment of the proceeds of a mortgage loan. 

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

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate both verbally and in writing when obtaining and validating mortgage loan agreement information. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively when operating electronic systems to 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 authorise mortgage loan payments. 

    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 Enrolment Certificate
    Certificate of building contractor's registration with the National Home Builder's Registration Council

    Waiver of Builder's Lien
    Where builder waives his/her right of retention in favour of the bank, in writing.

    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.