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SitusAMC Mortgage Underwriter Interview Questions, Process, and Tips
Top SitusAMC Mortgage Underwriter Interview Questions and Answers
- Q1. Give the reply within timeline
- Q2. Income calculation for self Employed?
- Q3. What is a Mortgage
SitusAMC Mortgage Underwriter Interview Experiences
6 interviews found
Anonymous
(2 Questions)
- Q1. What is a Mortgage
- Ans.
A mortgage is a loan used to purchase real estate, with the property serving as collateral for the loan.
Mortgages are typically long-term loans, often lasting 15 to 30 years.
The borrower makes monthly payments to the lender, which include both principal and interest.
If the borrower fails to make payments, the lender can foreclose on the property.
Interest rates on mortgages can be fixed or adjustable.
Common types of mor...
- Q2. How to calculate DTI
- Ans.
DTI is calculated by dividing total monthly debt payments by gross monthly income.
Add up all monthly debt payments including mortgage, car loans, credit card payments, etc.
Divide the total monthly debt payments by gross monthly income.
Multiply the result by 100 to get the DTI percentage.
For example, if total monthly debt payments are $2000 and gross monthly income is $6000, DTI would be (2000/6000)*100 = 33.33%.
Interview Preparation Tips
(1 Question)
- Q1. Basic Details of self education and work experience
(1 Question)
- Q1. Current experience details will be asked
(1 Question)
- Q1. Manager round here they ask all details of current work experience
Interview Preparation Tips
Selected
I applied via Referral and was interviewed before Oct 2022. There were 4 interview rounds.
Logical reasoning, grammar, Mortgage Underwriting
(1 Question)
- Q1. Why do you want to join SitusAMC and why do you want to leave current company
(2 Questions)
- Q1. General ops round
- Q2. Income calculation for self Employed?
- Ans.
Income calculation for self-employed individuals involves analyzing tax returns, profit and loss statements, and other financial documents.
Review tax returns to determine net income
Analyze profit and loss statements to assess business income
Consider additional sources of income such as rental properties or investments
Calculate average monthly income over a specified period
Verify consistency of income over time
Interview Preparation Tips
Selected
I applied via Company Website and was interviewed before Aug 2022. There were 4 interview rounds.
Aptitude to be completed within 2days
(4 Questions)
- Q1. Self introduction Interview about mortgage Basic terms of mortgage
- Q2. About self , project if any
- Q3. Prior experience
- Q4. Basic terms and what brings you here How you can add value to this company
(1 Question)
- Q1. Salary negotiation
Interview Preparation Tips
SitusAMC interview questions for designations
I applied via Referral and was interviewed in Sep 2021. There were 4 interview rounds.
Interview Questionnaire
2 Questions
- Q1. I have sent it application for mortgage underwriter can't reply?
- Ans. Give ans of that application which date interview schedule fixced
- Q2. Give the reply within timeline
- Ans.
The question is asking for a reply within a specific timeline.
Ensure to provide a clear and concise answer
Highlight the importance of meeting deadlines in the mortgage underwriting process
Give an example of how you have successfully replied within a timeline in a previous role
Interview Preparation Tips
I applied via Referral and was interviewed in Jul 2021. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. About us mortgage
Interview Preparation Tips
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SitusAMC Interviews By Designations
- SitusAMC Senior Analyst Interview Questions
- SitusAMC Mortgage Underwriter Interview Questions
- SitusAMC Analyst Interview Questions
- SitusAMC Process Associate Interview Questions
- SitusAMC Junior Underwriter Interview Questions
- SitusAMC Senior Associate Interview Questions
- SitusAMC Senior Process Associate Interview Questions
- SitusAMC Business Analyst Interview Questions
- Show more
Interview Questions for Popular Designations
SitusAMC Mortgage Underwriter Interview Process
based on 6 interviews
1 Interview rounds
- Resume Shortlist Round
Interview Questions from Similar Companies
SitusAMC Mortgage Underwriter Reviews and Ratings
based on 46 reviews
Rating in categories
|
Senior Analyst
809
salaries
|  ₹2.8 L/yr - ₹9.4 L/yr |
|
Underwriter
370
salaries
| ₹3.5 L/yr - ₹11.1 L/yr |
|
Senior Process Associate
239
salaries
| ₹2 L/yr - ₹7.5 L/yr |
|
Process Associate
238
salaries
| ₹1 L/yr - ₹5.6 L/yr |
|
Junior Underwriter
214
salaries
| ₹4.2 L/yr - ₹9.1 L/yr |
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