# RPA115 - Mortgage Underwriting

 Semester Fall - 2018 Fall - 2017 Fall - 2016 Fall - 2015 Fall - 2014 Fall - 2013 Fall - 2012 Fall - 2011 Fall - 2010 Fall - 2009 Fall - 2008 Fall - 2007 Fall - 2006 Winter - 2006 Fall - 2005 Schools offering this subject Select school School of Legal and Public Administration 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.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

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 Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.