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SitusAMC Mortgage Underwriter Interview Questions, Process, and Tips

Updated 9 Mar 2024

Top SitusAMC Mortgage Underwriter Interview Questions and Answers

SitusAMC Mortgage Underwriter Interview Experiences

6 interviews found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(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...

  • Answered by AI
  • 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%.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Mortgage understanding
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Basic Details of self education and work experience
Round 3 - One-on-one 

(1 Question)

  • Q1. Current experience details will be asked
Round 4 - One-on-one 

(1 Question)

  • Q1. Manager round here they ask all details of current work experience

Interview Preparation Tips

Interview preparation tips for other job seekers - All the best for your job seeking. Well prepare before giving interview.

Mortgage Underwriter Interview Questions Asked at Other Companies

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Q2. What are the third party reports you're aware of
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Q3. Rent roll and operating statements execution to complete a sizer
asked in FinacPlus
Q4. Formulas and meanings of networth, LTV, DSCR, Cap rate
asked in FinacPlus
Q5. What is appraisal document
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Aug 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Aptitude Test 

Aptitude to be completed within 2days

Round 3 - One-on-one 

(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
Round 4 - HR 

(1 Question)

  • Q1. Salary negotiation

Interview Preparation Tips

Interview preparation tips for other job seekers - Learn about real estate mortgage and commercial real estate mortgage
Interview experience
4
Good
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Oct 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Aptitude Test 

Logical reasoning, grammar, Mortgage Underwriting

Round 3 - HR 

(1 Question)

  • Q1. Why do you want to join SitusAMC and why do you want to leave current company
Round 4 - One-on-one 

(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

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be thorough and clear in what you want and why do you want to join the company

SitusAMC interview questions for designations

 Underwriter

 (1)

 Senior Underwriter

 (2)

 Credit Underwriter

 (1)

 Mortgage Associate

 (1)

 Junior Underwriter

 (3)

 Us Mortgage Process Associate

 (1)

 Processing Officer

 (1)

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
  • Answered Anonymously
  • 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

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Give ans of sent it application for job interviews

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

Interview preparation tips for other job seekers - It's nice to work here..good company

Interview questions from similar companies

Process Associate Interview Questions & Answers

ivy user image Krishna Chaithanya Raparthi

posted on 25 Jan 2025

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Tell me about yourself
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-

I appeared for an interview before Oct 2023.

Round 1 - Aptitude Test 

Involved a guestimate round

Round 2 - Technical 

(2 Questions)

  • Q1. How to gather requirements
  • Ans. 

    Requirements can be gathered through interviews, surveys, observations, and workshops.

    • Conduct interviews with stakeholders to understand their needs and expectations.

    • Distribute surveys to gather feedback and preferences from a larger group of users.

    • Observe users in their natural environment to identify pain points and opportunities for improvement.

    • Facilitate workshops with cross-functional teams to brainstorm and prior...

  • Answered by AI
  • Q2. How to manage stakeholder
  • Ans. 

    Stakeholder management involves identifying, communicating with, and meeting the needs of individuals or groups affected by a project or decision.

    • Identify key stakeholders and their interests

    • Communicate regularly and effectively with stakeholders

    • Involve stakeholders in decision-making processes

    • Address concerns and conflicts promptly

    • Ensure stakeholders are informed of project progress and outcomes

  • Answered by AI

Interview Questionnaire 

3 Questions

  • Q1. Tell us about yourself
  • Ans. 

    I am a business analyst with experience in data analysis and project management.

    • I have a degree in business administration

    • I have worked with various industries including healthcare and finance

    • I am skilled in data visualization and reporting

    • I have experience in leading cross-functional teams

    • I am proficient in SQL and Excel

  • Answered by AI
  • Q2. What is your area of interest?
  • Ans. 

    My area of interest is data analysis and visualization.

    • I enjoy working with large datasets and finding insights through data analysis.

    • I have experience using tools such as Excel, Tableau, and Python for data analysis and visualization.

    • I am interested in exploring new data sources and learning new techniques for data analysis.

    • For example, I recently worked on a project analyzing customer behavior data for a retail compa...

  • Answered by AI
  • Q3. What are the other companies you have applied to and how many rounds of the selection process have you cleared there?

Interview Preparation Tips

Round: Resume Shortlist
Experience: The selection process was open for students from all branches. Around 70 students were shortlisted based on their resume. Shortlisting was mainly on CGPA basis and on an average 5 top students were shortlisted from each branch.

Round: Test
Experience: There was a written test conducted for shortlisted candidates. The test was primarily based on the CAT pattern where questions were asked from verbal reasoning, logical reasoning and quantitative aptitude. The test comprised of 2 sections. First section comprised of 3 HR questions:
Why do you want to join this company?
Tell us about yourself.
Describe a situation where you displayed leadership skills.
These 3 questions were to be typed out in 150–200 words each in a total of 20 minutes. Second section started immediately after this. 25 minutes were given to answer 35 multiple choice questions from various sections including 10 coding based questions. The difficulty level was medium.
Duration: 45 minutes
Total Questions: 38

Round: HR Interview
Experience: They asked me to tell them about myself and also some puzzles and core field related questions. Interview was conducted using Skype. It started with basic HR question and then the interviewer asked me about my area of interest. He asked two questions from that field and then asked me to solve one guesstimate case. There was another question on the definition of data analysis.
My area of interest was Operations Research. First he asked me to explain transportation problem and second question was about solving a transshipment problem using Excel solver software. Other candidates were also asked some puzzles and several other HR questions.

College Name: IIT ROORKEE

Interview Questionnaire 

4 Questions

  • Q1. Since you do not have a background in analytics, is there anything you've done that would relate to it?
  • Ans. 

    Yes, I have experience in data analysis and visualization through Excel and Tableau.

    • I have worked on multiple projects where I had to analyze and visualize data using Excel and Tableau.

    • I have created dashboards and reports to present data insights to stakeholders.

    • I have also used statistical analysis to identify trends and patterns in data.

    • I am currently learning Python and SQL to further enhance my data analysis skill

  • Answered by AI
  • Q2. Since you know e-commerce so well, why not go for a start-up?
  • Ans. 

    I am interested in the stability and growth opportunities offered by an established company.

    • I value the stability and resources of an established company

    • I am interested in the opportunity to work with a diverse range of clients and industries

    • I believe my skills and experience are better suited to a larger organization

    • I am open to exploring start-up opportunities in the future

  • Answered by AI
  • Q3. Do you have any plans for higher studies?
  • Ans. 

    Yes, I am planning to pursue a Master's degree in Business Administration.

    • I have researched various MBA programs and have shortlisted a few that align with my career goals.

    • I plan to take the GMAT exam and apply to these programs in the next year.

    • I believe that a higher education degree will equip me with advanced skills and knowledge to excel in my role as a Business Analyst.

  • Answered by AI
  • Q4. Estimate the size of racks of rice in a store in any area
  • Ans. 

    The size of racks of rice in a store can vary depending on the store's location, size, and target market.

    • The size of the store can determine the size of the racks

    • The target market can determine the quantity of rice sold and therefore the size of the racks

    • The location of the store can determine the size of the racks based on the available space

    • The type of rice sold can also determine the size of the racks

    • Observation of ...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: The tests are held using the platform of Cocubes. First section has HR questions such as "why Axtria?" and other stuff. I don't think its really necessary and I presume that nobody looks at it. The sections 2, 3 and 4 are fairly easy. But since the test is easy, you should also keep this in mind that the cutoff might be high. The coding section had basic question of C, C++ and Java. Don't worry even if you don't know java. All in all, the questions are very "do-able" and one should easily crack them.
Tips: I'd advice aspirants to go through the concepts of OOPs; just a brief glance at it, not necessarily mastering it. There's no negative marking, so try attempting all the questions. Also the test is of 2 hours with 60 minutes for sections 2, 3 and 4.

Round: Group Discussion
Experience: The GD round is quite simple. A group is formed of 8-10 people. Everyone gets a chance to speak, unless it's your bad day with a cartoon character in the same group with you.
One person didn't really want, but was forced to appear for the selection process. So from the very beginning, he was trying for a "suicide". So there was a bit of negation in arguments which might have killed us all. But the interviewers really want everyone to put up their points and gave equal opportunities.
Before proceeding with your points, each of us had to introduce ourselves and then put up our points. There was a lot of desperation in my GD, so there were moments when people were actually arguing. So one really had to grab their chance when speaking.
The other groups had topics like, "Social media in daily life", "Pros and cons of using Cloud", etc. Their GD was very methodical, everyone speaking turn by turn and in the end anyone was asked to conclude the session.
In the end, about 2 people are eliminated, so in order to fail, you really have to suck at public speaking. Otherwise, take it for granted that you're going through for the next round.
Tips: I'd suggest people to have a go at number 3 or 4, once you've gauged the nature of the discussion. Try to put up all your points very briefly, giving an example or two. Don't negate other people's arguments and agree with people who's thoughts are in line with yours. Even if you want to negate others, do it very subtly. Try to be involved as much as possible. Be the best listener, moderate the GD when you're not active and when you're speaking, be very confident.
Duration: 10-12 minutes

Round: Guesstimate Interview
Experience: Since I did not have any background in analytics, the interviewer had to ask me other questions. At first she asked me about statistics, which I was not really confident about. At this point, I was almost certain to crash out. But luckily, the next question she asked me was the above guesstimate. This being one of my stronger skills, was quite OK for me, and I handled this question well enough. The interviewer was quite impressed with my approach and was smiling as if advertising for Colgate, at the end of the interview. This instilled some confidence in me, that I was going through, at least for this round. But this was, as one would say, lady luck, saving me. Other candidates, who had a background in analytics, were asked only about their previous internships (not too technical).
Tips: If you have a background in analytics, then just go through all your projects. If you do not have any such skills, then brush up your guesstimates. Other person who was like me, was asked to estimate the time after which a boiler needed maintenance (he was from Mechanical). Another guy was asked how would one determine that a person is fraud or not; if he withdrew about 10K in first three months and then 50K in the 4th month, from his credit card. So case-study and guesstimates are a must if you don't have analytics on your CV.

Round: HR Interview
Experience: There was a panel of 3 interviewers. Other candidates (analytics guys) were simply asked to convince them that they would work for the company for the foresee-able future. I, on the other hand, was asked to convince them, why I am the guy for Axtria. I had to defend myself, for having internships in different backgrounds and how would I be suitable for analytics. Then they asked me that since I had worked in an logistics company, why did not I go for my own start-up. Again I said a few things, which was basically running around, why do I want to work for Axtria. Luckily, I managed to convince them in the end. But still I did not have that good a feeling about this round. When asked about higher studies, I told them that I had plans but not in the near future.
Tips: This one was pretty dependent on how you'd defend your CV. But otherwise, it should be a very simple experience for analytics guys. Axtria goes for elimination rather than selection in its process. So unless you really suck at giving interviews, you can give yourself a fair chance of getting selected. Also, since they have a 3 month long training period, it is not really necessary that you have analytics on you CV. But for a guy like me, you have to be very convincing about yourself and make them believe that Axtria and you are a match made in heaven.

General Tips: If you're confident with conversing in English and are convincing enough, it shouldn't be really difficult. Also, the conversion rate is about 0.5 i.e. half of the shortlisted people are going to get selected. So there's no need to be nervous.
Skills: Data Analysis, Probability And Statistics, Guesstimation Cases
College Name: IIT Kharagpur
Funny Moments: After selection was complete, a girl asked: Sir, do we have to work on Sundays?

SitusAMC Interview FAQs

How many rounds are there in SitusAMC Mortgage Underwriter interview?
SitusAMC interview process usually has 3-4 rounds. The most common rounds in the SitusAMC interview process are One-on-one Round, Resume Shortlist and HR.
How to prepare for SitusAMC Mortgage Underwriter interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at SitusAMC. The most common topics and skills that interviewers at SitusAMC expect are Ach, Financial Statement Analysis and Lease Abstraction.
What are the top questions asked in SitusAMC Mortgage Underwriter interview?

Some of the top questions asked at the SitusAMC Mortgage Underwriter interview -

  1. Give the reply within timel...read more
  2. Income calculation for self Employ...read more
  3. What is a Mortg...read more

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SitusAMC Mortgage Underwriter Interview Process

based on 6 interviews

1 Interview rounds

  • Resume Shortlist Round
View more

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SitusAMC Mortgage Underwriter Salary
based on 196 salaries
₹4 L/yr - ₹10.8 L/yr
52% more than the average Mortgage Underwriter Salary in India
View more details

SitusAMC Mortgage Underwriter Reviews and Ratings

based on 46 reviews

3.2/5

Rating in categories

2.7

Skill development

3.1

Work-life balance

3.2

Salary

2.7

Job security

2.9

Company culture

2.7

Promotions

2.8

Work satisfaction

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