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Star Home Loans Mortgage Associate Interview Questions and Answers
Star Home Loans Mortgage Associate Interview Experiences
1 interview found
Jagpreet Singh Bakshi
I applied via Naukri.com and was interviewed in Aug 2023. There were 2 interview rounds.
(5 Questions)
- Q1. What question genrally asked for Real estate process ?
- Ans.
Understanding the real estate process involves key questions about financing, property evaluation, and legal requirements.
What is the current market value of the property? (e.g., using a comparative market analysis)
What financing options are available for buyers? (e.g., fixed-rate vs. adjustable-rate mortgages)
What are the steps involved in closing a real estate transaction? (e.g., inspections, appraisals, and title se...
- Q2. What is the difference between purchase mortgage and refinance ? What is down payment ? What is closing cost ? What is bankruptcy and after how many years of bankruptcy customer can recover their credit sc...
- Ans.
Purchase mortgage is used to buy a new home, while refinance is used to replace an existing mortgage. Down payment is the initial payment made when purchasing a home. Closing cost is the fees associated with closing a mortgage. Bankruptcy is a legal process where a person or business is unable to repay their debts. Cash out is when a borrower refinances their mortgage for more than they owe. DTI ratio is the ratio of a...
- Q3. Geography of Australia
- Ans.
Australia is a country located in the Southern Hemisphere, known for its diverse landscapes, wildlife, and unique culture.
Australia is the sixth largest country in the world by total area.
It is surrounded by the Indian and Pacific Oceans.
Major cities include Sydney, Melbourne, Brisbane, Perth, and Adelaide.
The country is known for its iconic landmarks such as the Sydney Opera House and the Great Barrier Reef.
- Q4. How much time usually take to process the loan file ?
- Ans.
The time taken to process a loan file varies depending on the complexity of the file and the efficiency of the process.
Processing time can range from a few days to several weeks.
Factors that can affect processing time include the completeness of the application, the responsiveness of the borrower, and any additional documentation required.
For example, a straightforward loan file with all necessary documents may be proc...
- Q5. Why People go to Brokers instead to directly to bank?
- Ans.
People go to brokers instead of directly to banks for personalized service, access to multiple lenders, and assistance with complex situations.
Brokers offer personalized service and guidance throughout the mortgage process
Brokers have access to a wide range of lenders, increasing the chances of finding the best deal for the client
Brokers can help clients with unique or complex financial situations that may not fit trad...
Interview Preparation Tips
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Interview questions from similar companies
I applied via Campus Placement and was interviewed in Apr 2024. There were 2 interview rounds.
Duration-60min, topics covered- financial literacy, logical thinking, reasoning and General awareness
(2 Questions)
- Q1. What is the difference between EBIT and EBITDA
- Ans.
EBIT is earnings before interest and taxes, while EBITDA is earnings before interest, taxes, depreciation, and amortization.
EBIT excludes depreciation and amortization expenses, while EBITDA includes them.
EBITDA provides a clearer picture of a company's operating performance by removing the impact of non-operating expenses.
EBIT is commonly used to analyze profitability, while EBITDA is often used to assess a company's ...
- Q2. How decrease of 10% depreciation would affect financial statements
- Ans.
A 10% decrease in depreciation would result in higher net income and retained earnings on the financial statements.
Net income would increase as depreciation expense is lower, leading to higher profits.
Retained earnings would also increase as net income contributes to this account.
The company's assets would appear higher on the balance sheet due to lower accumulated depreciation.
Investors may view the company more favor...
Interview Preparation Tips
I applied via Referral and was interviewed in Jun 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself
- Ans.
I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.
I have a Bachelor's degree in Statistics from XYZ University.
I have 3 years of experience working as a data analyst at ABC Company.
I am proficient in using statistical software such as R and Python for data analysis.
I have a proven track record of delivering actionable insights to drive business decisions.
- Q2. Tell me about your background
- Ans.
I have a strong background in finance with a focus on data analysis and forecasting.
Bachelor's degree in Finance from XYZ University
3 years of experience as a financial analyst at ABC Company
Proficient in Excel, SQL, and data visualization tools like Tableau
Strong analytical skills and attention to detail
Experience in creating financial models and forecasting reports
Selected
I applied via Naukri.com and was interviewed in Mar 2024. There were 3 interview rounds.
(4 Questions)
- Q1. Securitisation and how it works.
- Ans.
Securitisation is the process of pooling various types of debt and selling them as securities to investors.
Securitisation involves bundling together various types of debt, such as mortgages, auto loans, or credit card debt.
These debts are then sold to a special purpose vehicle (SPV) which issues securities backed by the cash flows from the underlying assets.
Investors purchase these securities and receive payments based...
- Q2. Financial Ratios and how they work and what is a good number to have.
- Ans.
Financial ratios are tools used to evaluate a company's financial performance and health.
Financial ratios are calculated using data from a company's financial statements.
They help investors and analysts assess a company's profitability, liquidity, efficiency, and solvency.
A good number for a financial ratio can vary depending on the industry and company size.
For example, a current ratio of 2 or higher is generally cons...
- Q3. Random number crunching based on some scenario that needs you to make assumptions and get an answer
- Q4. How an Excel function works. (Vlookup, Hlookup, Xlookup, IF/AND/OR)
- Ans.
Excel functions like Vlookup, Hlookup, Xlookup, IF/AND/OR are used for data lookup and logical operations.
Vlookup: Searches for a value in the first column of a table and returns a value in the same row from a specified column.
Hlookup: Similar to Vlookup but searches for a value in the first row of a table.
Xlookup: A more versatile version of Vlookup and Hlookup that can search both vertically and horizontally.
IF: Retu...
(2 Questions)
- Q1. Personal Questions.
- Q2. My expertise and proficiency of excel
(1 Question)
- Q1. No questions. Was confirmed my job
Interview Preparation Tips
- Alternative Investments
- Fixed Income
- Derivatives
- Quantitative Math
- Financial Analysis
Selected
I applied via Campus Placement and was interviewed before May 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Why are you interested in Finance?
- Q2. What do you understand about securitization?
- Ans.
Securitization is the process of pooling various types of debt and selling them as securities to investors.
Securitization involves bundling together various types of debt, such as mortgages, auto loans, or credit card debt.
These debts are then sold to investors in the form of securities, such as bonds or asset-backed securities.
Investors receive payments based on the underlying debt, while the issuer of the securities ...
(2 Questions)
- Q1. Probability related questions
- Q2. Logic Puzzles, like Josephus problem.
Interview Preparation Tips
Selected
I applied via Referral and was interviewed before Oct 2022. There were 2 interview rounds.
(2 Questions)
- Q1. 1.What is Quality 2.Positive and Negative Test cases for ATM 3.Why should I hire you.
- Q2. No more questions
Interview Preparation Tips
Shanmugaraj M
(1 Question)
- Q1. Test cased for ATM
- Ans.
Test cases for ATM ensure functionality, security, and user experience in cash withdrawal, balance inquiry, and more.
Verify cash withdrawal: Ensure ATM dispenses correct amount when user requests $100.
Check balance inquiry: Confirm that the displayed balance matches the account balance.
Test PIN entry: Validate that the system locks after 3 incorrect PIN attempts.
Assess transaction receipt: Ensure the receipt accurately...
I applied via Campus Placement and was interviewed before May 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. SDLC, Agile, Power Sector
Interview Preparation Tips
Software Engineer Interview Questions & Answers
Advanced Structures India
Anonymous
posted on 19 May 2021
I applied via Recruitment Consultant and was interviewed in Nov 2020. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. 1.threading
- Q2. 2.multiprocessing
- Q3. About projects
Interview Preparation Tips
Interview Questionnaire
1 Question
- Q1. Introduction
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