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103 Most Common Loan Processing Interview Questions And Answers
Loan Processor Frequently Asked Questions in various Loan Processor job interviews by interviewer. The set of questions are here to ensures that you offer a perfect answer posed to you. So get preparation for your new job interview
1 Do you know what is ‘Loan grading'?
2 Tell me what is ‘Credit Check'?
3 Tell us what is your greatest weakness and what are you doing to improve it?
4 Explain what is cashier's cheque?
5 Tell me how to analyze credit?
6 Tell me what is the ‘cost of debt'?
7 Tell me what do you mean by term ‘Usury'?
8 Tell me what is the card based payments?
9 Explain me what do you mean by term ‘Loan Maturity' and ‘Yield'?
10 Explain what is ‘balloon payment'?
11 Tell me how confident are you with reviewing pay stubs to calculate income accurately? Walk me through your calculations?
12 Do you know how to analyze a loan file?
13 Tell me what is ‘prime rate'?
14 Tell me what is (APR) Annual Percentage Rate?
15 Do you know what is Charge-off?
16 Tell us how reliable of a worker are you?
17 Tell me how to shop a loan?
18 Do you know what is ‘Bill Purchase'?
19 Explain about your education/training?
20 Tell me what do you mean by ‘cheque endorsing'?
21 Explain me how to avoid funding delays?
22 Tell me how to verify employment?
23 Do you know what is Convertibility Clause?
24 Tell me what is ‘Amortization'?
25 Tell me what are the different types of ‘Fixed Deposits'?
26 Explain me what is adjustment credit?
27 Basic Banking Loan Processor interview questions:
28 Competency Based Banking Loan Processor interview questions:
29 Behavioral Loan Processor Job Interview Questions:
30 Role-specific Loan Processor Interview Questions:
31 Video Based Banking Loan Processor interview questions:
32 Group Based Loan Processor interview questions:
33 Operational and Situational Loan Processor Interview Questions:
34 Strengths and Weaknesses Based Banking Loan Processor interview questions:
35 Communication skills Based Banking Loan Processor interview questions:
36 Panel Based Loan Processor interview questions:
37 Phone Based Banking Loan Processor interview questions:
38 Behavioral Loan Processor interview questions:
39 Situational Banking Loan Processor interview questions:
40 Difficult Loan Processor interview questions:
41 Phone Based Loan Processor interview questions:
42 Behavioral Banking Loan Processor interview questions:
43 General Loan Processor interview questions:
44 Basic Loan Processor Job Interview Questions:
45 Do you know what is ‘Cheque Discount'?
46 Please explain do you work well under pressure?
47 Explain me what are the biggest challenges you face in processing?
48 Explain me what is ‘Crossed Cheque'?
49 Tell me what is Payday loan?
50 Tell me what are the different ways you can operate your accounts?
51 Tell me how bank earns profit?
52 Explain me why do you think you are the strongest candidate for the job? Explain what makes you different and/or more valuable than other Mortgage Loan Processors?
53 Tell me on a scale of 1-10 with 10 being highest, how confident are you with your knowledge and skill in Desktop Underwriter (DU)?
54 Explain me what are the different types of Loans offered by banks?
55 Tell me how do you determine your daily work priorities?
56 Explain me what ACH stands for?
57 Tell me how to calculate income?
58 Explain me why do you believe you are a good fit for our company culture?
59 Tell me what is negative Amortization?
60 Tell me do you enjoy talking to clients, and building relationships with them?
61 Tell me what is bank? What are the types of banks?
62 Explain me do bank charge for ‘overdraft protection' service?
63 Explain me what is investment banking?
64 What is your greatest strength as Loan Processor?
65 Explain me how often are you given new business through referrals?
66 Explain me what is inter-bank deposit?
67 Tell me what do you mean by co-maker?
68 Tell me do you have experience using Desktop Originator?
69 Tell me what are your career goals as a Mortgage Loan Processor?
70 Tell me how to avoid closing delays?
71 Tell me which loan origination system software are you most familiar with?
72 Explain me what is ‘Credit-Netting'?
73 Tell me do you feel you do a good job of juggling multiple tasks at one time on a consistent basis?
74 Tell me what is Cost Of Funds Index (COFI)?
75 Explain me what is the difference between ‘Cheque' and ‘Demand draft'?
76 Where do you see yourself in 5 years as Loan Processor?
77 Do you know what are the types of Commercial Banks?
78 Tell me what is home equity loan?
79 Tell me where at in the processing do you usually run into delays, and what steps do you take to avoid them?
80 Explain me what's your ideal company to work for?
81 Please explain what do you mean by ‘foreign draft'?
82 Explain me four different types of mortgages and why a client would select each one?
83 Explain what do you feel is your favorite thing about loan processing?
84 Explain me what are the things that you have to keep in concern before opening the bank accounts?
85 Explain me how and when to request file documentation?
86 Do you know know alternative ways to meet document requirements and underwriting conditions?
87 Tell me what skills do you feel are most essential in order to be a successful Mortgage Loan Processor?
88 Explain what is the difference between bank guarantee and letter of credit?
89 Tell me what is ‘Bill Discount'?
90 Tell me how confident are you in making crucial decisions?
91 Tell me what is ‘Availability Float'?
92 Tell me what are payroll cards?
93 Tell me what is ‘Fixed' APR and ‘Variable' APR?
94 Tell me what lenders have you worked with? Which are you most familiar with?
95 Explain me what have you done in the past year to make yourself a better Mortgage Loan Processor?
96 Please explain what is Line of credit?
97 Do you know what is debt-to-Income ratio?
98 Tell me what is consumer bank?
99 Explain me what is commercial bank?
100 Explain me how to review title and appraisal reports?
101 Explain me what is ILOC (Irrevocable Letter Of Credit)?
102 Tell me are you familiar with the Fannie Mae and Freddie Mac Selling Guides?
103 Please explain us what do you know about our company?
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