Better.com Mortgage Underwriter Interview Questions and Answers

To segment a population based on attributes, use clustering algorithms like k-means or hierarchical clustering.

• Identify relevant attributes such as age, income, education level, etc.

• Normalize the data to ensure all attributes are on the same scale.

• Choose a clustering algorithm based on the size of the dataset and the desired number of segments.

• Evaluate the results using metrics like silhouette score or within-cluster s...read more

Corporate actions affect NAV production. Examples include stock splits, dividends, and mergers.

• Corporate actions can impact the value of a fund's assets and liabilities

• Stock splits can increase the number of shares outstanding and decrease the NAV per share

• Dividends can decrease the NAV per share

• Mergers can result in changes to the fund's holdings and NAV

• NAV production must be adjusted to reflect the impact of corporat