Dmi Housing Finance Interview Questions and Answers

Affordable housing is for low-income families while rural housing is located in rural areas.

• Affordable housing is designed for low-income families who cannot afford market-rate housing.

• Rural housing is located in rural areas, away from urban centers.

• Affordable housing may be located in urban or suburban areas.

• Rural housing may be more affordable due to lower land costs.

• Affordable housing may be subsidized by the government or non-profit organizations.

• Rural housing may offer m...read more

PDD stands for Process Definition Document and OTC stands for Over-the-Counter.

• PDD is a document that outlines the step-by-step process of a particular task or activity.

• OTC refers to medications that can be purchased without a prescription.

• PDD is commonly used in project management to ensure consistency and clarity in processes.

• OTC medications include pain relievers like ibuprofen and cold medicines.

• PDD helps in documenting and communicating the standard operating procedures....read more

The loan disbursement process involves verifying the loan application, approving it, and releasing the funds to the borrower.

• The loan application is received and reviewed for completeness and accuracy.

• The borrower's creditworthiness is assessed to determine if they qualify for the loan.

• If approved, the loan is disbursed to the borrower's account or given as a check.

• The borrower is informed of the disbursement and repayment terms.

I increase business by building strong relationships, identifying opportunities, and providing excellent customer service.

• Developing strong relationships with clients to increase loyalty and referrals

• Identifying new business opportunities through networking and market research

• Providing excellent customer service to retain existing clients and attract new ones

Income of borrower can be assessed through various documents and verification methods.

• Reviewing pay stubs and tax returns

• Verifying employment status and income with employer

• Analyzing bank statements for regular income deposits

• Considering other sources of income such as rental properties or investments