Concentrix Corporation Mortgage Underwriter Interview Questions and Answers

Q1. Basic interview questions
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Q2. Basic interview questionss
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Q3. Basic interview questionsss
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Q1. Last experience question
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Q2. Last interview questionss
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Q3. Last company question
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Write a paragaraph on it on amcat

Q1. What is Know your business ( KYB) ?
Ans. 
KYB is the process of verifying the identity and legitimacy of a business entity.
• KYB involves collecting and verifying information about a business, such as registration documents, ownership details, and financial statements.

• It helps in assessing the risk associated with doing business with a particular entity.

• KYB is important for compliance with regulations and preventing financial crimes like money laundering and fra...read more
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Q2. What is anti money laundering
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Anti money laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
• AML involves detecting and reporting suspicious activities that may be related to money laundering or terrorist financing.

• Financial institutions are required to have AML programs in place to comply with regulations.

• Examples of AML measures include c...read more
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General knowledge

Q1. Tell me about yourself.
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Q2. Tell me about your self
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Q3. General knowledge questions
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Q1. Asking about previous experience and work
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Q1. About yourself, previous company exp, interests and why are you applying for this role, what you did in the last 6 months, basic questions.
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English and Grammer test

Q1. About Aml, sanctions, transaction screening, red flag, Kyc, Edd, Cdd, etc.
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Q1. Tell me about your self?
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Q2. Why do you want to change your existing job?
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Q3. What are your experiences as a human behaviour in your organisation?
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Q1. Regarding ssa grossing up, income calculation, appraisal related questions.
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Q1. WHAT IS AML in banking
Ans. 
AML stands for Anti-Money Laundering in banking. It refers to the laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
• AML is a set of regulations and procedures implemented by financial institutions to detect and prevent money laundering activities.

• It involves monitoring customer transactions and reporting suspicious activities to regulatory auth...read more
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Q2. What is corporate kyc
Ans. 
Corporate KYC (Know Your Customer) is the process of verifying the identity of a company or business entity to assess the risk associated with doing business with them.
• Corporate KYC involves collecting information about the company's ownership structure, business activities, financial statements, and beneficial owners.

• It helps financial institutions and businesses comply with anti-money laundering (AML) regulations and...read more
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Explain about the college functions

Q1. Expectations of salary
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