Senior Process Associate Interview Questions and Answers for Freshers

The question covers topics related to Copper connectivity, migration, ring split, and previous roles in OM.

• Copper connectivity refers to the use of copper cables for network connections.

• Migration involves transferring data from one system to another.

• Ring split is a network topology where a ring is divided into two or more smaller rings.

• Previous roles in OM may include managing operations, overseeing processes, and ensuring efficiency.

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit all expenses and losses, Credit all incomes and gains.

• Journal entries are recorded based on these golden rules to ensure accuracy and consistency in financial reporting.

• For example, when a company receives cash from a customer, the journal en...read more

Regulatory authority refers to the government agency responsible for enforcing laws and regulations in a particular industry.

• Regulatory authorities ensure compliance with laws and regulations in industries such as finance, healthcare, and food and drug administration.

• They have the power to investigate and penalize individuals or organizations that violate regulations.

• Examples of regulatory authorities include the Securities and Exchange Commission (SEC), the Food and Drug Adm...read more

I have 3 years of experience in US mortgage processing, including loan origination, underwriting, and closing.

• Experience in loan origination, underwriting, and closing processes

• Knowledge of US mortgage regulations and guidelines

• Proficient in using mortgage processing software like Encompass

• Ability to analyze financial documents and credit reports

• Strong communication skills for interacting with clients and lenders