Namaste Credit Mortgage Underwriter Interview Questions and Answers

Q1. What is Factoring? How is it different from other financing options.
Ans. 
Factoring is a financial transaction where a company sells its accounts receivable to a third party at a discount.
• Factoring provides immediate cash flow by selling invoices to a third party at a discount.

• Unlike traditional loans, factoring is not a loan but a sale of accounts receivable.

• Factoring is based on the creditworthiness of the company's customers rather than the company itself.

• Factoring can be a quicker and ea...read more
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Q1. Collection experience
Ans. 
I have extensive experience in collections, including managing a team of collectors.
• Managed a team of collectors to ensure timely and effective collection of outstanding debts

• Developed and implemented collection strategies to improve overall collection rates

• Negotiated payment plans with delinquent customers to avoid legal action

• Utilized various collection tools and software to streamline the collection process

• Maintaine...read more
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Q1. Collection experience and How long you will work
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It was leetcode questions for 60 min for 2 questions.

Q1. Tell me about your self
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Q1. Tell me about your work experience
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Q1. Extract data from a string.
Ans. 
Extracting data from a string involves identifying and retrieving specific information within the given text.
• Use string manipulation functions like split(), substring(), or regex to extract data.

• Identify the pattern or delimiter that separates the data you want to extract.

• Create a logic to extract the desired data and store it in an array of strings.
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Q1. It was a modified question of spiral order tree-transversal
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Q1. Introduction and screening
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Q1. Process related questions
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Q1. There were 3 dsa questions which were of topic arrays and strings
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Q1. It was more like a managerial round where they asked questions about resume projects and past experience
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