RPA115 - Mortgage Underwriting

Outline information
Semester
Schools offering this subject
Last revision date 2018-07-30 11:09:29.849
Last review date 2018-07-30 11:10:34.241

Subject Title
Mortgage Underwriting

Subject Description
The student will be introduced to standard mathematical features of mortgage financing. The material builds incrementally, concept by concept and application by application, from simple interest loans to complex real estate financial analysis. The subject then extends to cover a broad range of mathematical applications including the use of statistics.

Credit Status
This is a credit subject applicable towards the Real Property Administration Diploma Program offered through the School of Legal and Public Administration.
 
This is a credit subject applicable towards the Real Property Assessment Certificate Program offered through the University of British Columbia.
 
This is a credit subject applicable towards the AACI Designation with the Appraisal Institute of Canada.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Understand how to calculate simple and compound interest financing problems.     
  2. Calculate and compare financing packages that are compounded at different interest rates.               
  3. Find the present value and future values of regular and irregular cash flows.              
  4. Explain the various financial annuities that exist in the market and how to calculate them.   
  5. Calculate, for any loan, its outstanding balance at any period in time. Calculate the final payment at the maturity of the loan.
  6. Analyze a group of data points using graphing and surveying techniques.     
  7. Understand the various units of measurements and determine the area of various geometric shapes.          
  8. Explain and calculate the relationship in a set of data points by using the measures of central tendency.       
  9. Understand and apply the various methods of sampling.
  10. Explain and calculate linear correlation coefficients, bivariate regression and best fit line.

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Execute mathematical operations accurately.

Apply a systematic approach to solve problems.

Use a variety of thinking skills to anticipate and solve problems.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.