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Cognizant Mortgage Underwriter Interview Questions and Answers for Experienced
Cognizant Mortgage Underwriter Interview Experiences for Experienced
1 interview found
Anonymous
I applied via Referral and was interviewed before Dec 2020. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. Tell me about yourself and previous company experience. Do you have any mortgage experience?
- Ans.
I have extensive mortgage experience and have worked for reputable companies in the industry.
I have worked as a Mortgage Underwriter for the past 5 years.
I have experience in reviewing and analyzing mortgage applications, assessing risk, and making lending decisions.
I have worked for XYZ Mortgage Company for the past 3 years, where I successfully underwrote and approved over 500 mortgage applications.
I am familiar with...
Interview Preparation Tips
Interview questions from similar companies
I applied via Approached by Company and was interviewed before Jun 2021. There were 2 interview rounds.
(3 Questions)
- Q1. Tell me about yourself
- Q2. Percentage sums , speak general topic
- Q3. About mortgage , calculation
Interview Preparation Tips
- Tell me about yourself
I applied via Walk-in and was interviewed before Dec 2020. There were 5 interview rounds.
Interview Questionnaire
1 Question
- Q1. What is 4C of underwriting
- Ans.
The 4C of underwriting are Capacity, Credit, Collateral, and Character.
Capacity refers to the borrower's ability to repay the mortgage loan.
Credit evaluates the borrower's credit history and credit score.
Collateral assesses the value and condition of the property being mortgaged.
Character examines the borrower's overall financial stability and reliability.
Example: A mortgage underwriter will analyze the borrower's inco...
Interview Preparation Tips
I applied via AmbitionBox and was interviewed in Sep 2021. There were 3 interview rounds.
(1 Question)
- Q1. Previous experience , about myself , process knowledge , notice period , current ctc and expectation ctc
(3 Questions)
- Q1. What are your salary expectations?
- Ans.
I expect a competitive salary based on my experience and the responsibilities of the role.
Research the average salary range for Mortgage Underwriters in your area
Consider your level of experience and qualifications
Factor in the responsibilities and demands of the position
Be prepared to negotiate and discuss benefits package
Example: I expect a salary in the range of $60,000 to $70,000 per year based on my experience and
- Q2. Share details of your previous job.
- Ans.
I worked as a Mortgage Underwriter at XYZ Bank.
Analyzed and evaluated mortgage loan applications to determine creditworthiness and adherence to lending guidelines.
Reviewed financial documents such as income statements, tax returns, and credit reports.
Calculated debt-to-income ratios and assessed risk factors to make informed decisions on loan approvals.
Communicated with loan officers, borrowers, and other stakeholders ...
- Q3. Tell me about yourself.
- Ans.
I am an experienced Mortgage Underwriter with a strong background in analyzing loan applications and ensuring compliance with lending guidelines.
Experienced Mortgage Underwriter
Skilled in analyzing loan applications
Expertise in ensuring compliance with lending guidelines
Interview Preparation Tips
- US Mortgage
I applied via Naukri.com and was interviewed in Apr 2021. There were 6 interview rounds.
Interview Questionnaire
2 Questions
- Q1. What is your job role as a Mortgage Underwriter? Describe in brief for at least 10mins.
- Q2. What all points are there which consider being a Red Flag while processing the loan applications?
- Ans.
Red flags in loan applications
Inconsistent or incomplete information
Low credit score or history of missed payments
High debt-to-income ratio
Unstable employment history
Undisclosed debts or liabilities
Suspicious income sources
Lack of collateral or down payment
Previous bankruptcy or foreclosure
Applicant's age or residency status
Unverifiable information
Interview Preparation Tips
(1 Question)
- Q1. Why should we hire you
Interview Questionnaire
1 Question
- Q1. A-Z in MySQL, programming languages(only concepts)
I applied via Campus Placement and was interviewed before Mar 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Basics about .Net and SQl server
- Q2. What are triggers
- Ans.
Triggers are database objects that automatically execute in response to certain events or changes in data.
Triggers are used to enforce business rules or data integrity.
They can be used to audit changes to data.
Triggers can be set to execute before or after an event, such as an insert, update, or delete operation.
They can be defined on tables, views, or schemas.
Examples of triggers include sending an email notification ...
Interview Preparation Tips
Skills evaluated in this interview
I applied via Recruitment Consultant and was interviewed in Dec 2020. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Normal introduction and basic topics
Interview Preparation Tips
I applied via Company Website and was interviewed before Feb 2021. There were 2 interview rounds.
Step -1 :- understand the assignment task
Step 2 :- do your research
Step 3 :- plane
Step 4 :- write
Step 5 :- review
Interview Preparation Tips
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