Law Hands Consultancy Interview Questions and Answers

Handled various customer queries related to product usage, billing, and technical issues.

• Assisted customers with troubleshooting technical issues over the phone and email

• Resolved billing discrepancies and processed refunds

• Provided guidance on product usage and recommended solutions to meet customer needs

• Handled complaints and escalated issues to management when necessary

Fannie Mae and Freddie Mac are government-sponsored enterprises that provide liquidity to the mortgage market.

• Fannie Mae and Freddie Mac buy mortgages from lenders and package them into securities that are sold to investors.

• Fannie Mae was created in 1938 and Freddie Mac in 1970.

• Fannie Mae is a nickname for the Federal National Mortgage Association and Freddie Mac is a nickname for the Federal Home Loan Mortgage Corporation.

• Fannie Mae and Freddie Mac were placed into conservat...read more

US mortgage is a loan taken to purchase a property, secured by the property itself.

• Mortgage interest rates are influenced by the economy and credit score.

• There are different types of mortgages such as fixed-rate, adjustable-rate, and FHA loans.

• The down payment required for a mortgage can vary from 3% to 20% depending on the lender and type of loan.

• Defaulting on a mortgage can result in foreclosure and the loss of the property.

• The mortgage industry is regulated by government a...read more

Yes, a well-designed model can better execute in the Indian market.

• A model that takes into account the unique characteristics of the Indian market can perform better.

• Factors such as cultural nuances, language, and consumer behavior should be considered.

• For example, a model that incorporates regional languages and dialects can better connect with consumers.

• Similarly, a model that accounts for the importance of family and community in Indian culture can better target marketing ...read more

Compliance checks in internal audit are conducted through various methods to ensure adherence to regulations and policies.

• Compliance checks involve reviewing policies and procedures to ensure they align with regulations

• Auditors may conduct interviews with employees to verify compliance with policies

• Testing of transactions and processes may be performed to identify any non-compliance issues

• Documentation review is also a common method used in compliance checks