Muthoot Housing Finance Company Credit Officer Interview Questions and Answers

Credit underwriting involves assessing the creditworthiness of borrowers to determine their ability to repay loans.

• Credit underwriting is the process of evaluating the financial information of borrowers to determine their creditworthiness.

• It involves analyzing factors such as income, credit history, debt-to-income ratio, and collateral.

• The goal of credit underwriting is to assess the risk associated with lending money ...read more

A mortgage is a loan secured by real estate property, while an unsecured loan is not backed by collateral.

• Mortgage: A loan where the borrower uses their property as collateral.

• Unsecured loan: A loan that is not backed by collateral.

• Mortgages typically have lower interest rates compared to unsecured loans.

• Examples of unsecured loans include personal loans and credit card debt.

• If a borrower defaults on a mortgage, the le...read more

In CIBIL, I check the credit history and credit score of the customer. Before funding, I analyze the customer's financial stability, income, existing debts, and repayment history.

• Check credit history and credit score in CIBIL

• Analyze customer's financial stability

• Assess customer's income and existing debts

• Evaluate customer's repayment history

• Consider any previous defaults or delinquencies

DPD stands for Days Past Due. Payment history and credit utilization are more important to analyze creditworthiness.

• DPD is a measure of how many days a payment is overdue

• It is important to analyze payment history to determine if the customer pays on time

• Credit utilization is also important as it shows how much credit the customer is using compared to their limit

• Both factors can indicate the customer's ability to manage...read more