SitusAMC Manager Interview Questions and Answers

Logical reasoning and technical knowledge

Q1. Mortgage Underwriting
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Q2. What is appraisal
Ans. 
Appraisal is the evaluation or assessment of someone or something.
• Appraisal is a process of assessing the performance, value, or quality of someone or something.

• It is commonly used in performance appraisals in the workplace to evaluate an employee's work.

• Real estate appraisals are used to determine the value of a property.

• Art appraisals assess the value of artwork.

• Performance appraisals are used to evaluate an employee...read more
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Q3. What is title report
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A title report is a document that provides information about the ownership history of a property.
• Contains details about the current owner of the property

• Lists any liens, encumbrances, or restrictions on the property

• May include information about easements, property boundaries, and legal descriptions

• Used by buyers, sellers, and lenders in real estate transactions
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Q4. What is credit report
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A credit report is a detailed record of an individual's credit history, including credit accounts, payment history, and credit inquiries.
• Contains information on credit accounts, such as credit cards, loans, and mortgages

• Shows payment history, including on-time payments and late payments

• Includes details on credit inquiries made by lenders or creditors

• Used by lenders to assess an individual's creditworthiness
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Q5. What is self employed
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