Banking ➔ Loan Inspector Job Interview Questions and Answers

Loan Inspector interview preparation guide for freshers and experienced professionals. Explore these number of Loan Inspector frequently asked questions(FAQs) extracted from many job interviews

❋ Please explain how often are you given new business through referrals?
❋ What is your greatest strength as Loan Inspector?
❋ Tell me what do you know about our company work?
❋ Please explain are you familiar with the Fannie Mae and Freddie Mac Selling Guides?
❋ Where do you see yourself in 5 years as Loan Inspector?
❋ Tell us what lenders have you worked with? Which are you most familiar with?
❋ Explain me how do you determine your daily work priorities?
❋ Tell me what is your greatest weakness? What are you doing to improve it as Loan Inspector?
❋ Explain me me four different types of mortgages and why a client would select each one?
❋ Explain me do you feel you do a good job of juggling multiple tasks at one time on a consistent basis?
❋ Explain me what skills do you feel are most essential in order to be a successful Mortgage Loan Processor?
❋ What have you done in the past year to make yourself a better Mortgage Loan Processor?
❋ Tell me how familiar are you with Truth In Lending regulations? How closely do you follow this federal mandate?
❋ Tell us on a scale of 1-10 with 10 being highest, how confident are you with your knowledge and skill in Desktop Underwriter (DU)?
❋ Basic Loan Inspector Job Interview Questions:
❋ Difficult Loan Inspector Job Interview Questions:
❋ Fresh Loan Inspector Job Interview Questions:
❋ Explain me where at in the processing do you usually run into delays, and what steps do you take to avoid them?
❋ Explain me about your education/training?
❋ Explain me what do you feel is your favorite thing about loan processing?
❋ Tell us how do you react when a client receives an unfavorable mortgage decision that is outside of your control?
❋ Tell us how confident are you with reviewing pay stubs to calculate income accurately? Walk me through your calculations?
❋ Tell us do you enjoy talking to clients, and building relationships with them?
❋ Can you explain why did you leave your last job?
❋ Explain me how reliable of a worker are you?
❋ Do you work well under pressure as Loan Inspector?
❋ Tell me why do you believe you are a good fit for our company culture?
❋ Tell me during the loan process, if someone is not doing their job right, what do you do?
❋ Tell us do you have experience using Desktop Originator?
❋ Explain what are the biggest challenges you face in processing?
❋ What experience do you have as Loan Inspector?
❋ Tell 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?
❋ What are your career goals as Loan Inspector?
❋ Tell us which loan origination system software are you most familiar with?
❋ Tell us how confident are you in making crucial decisions?
❋ Tell me what is your ideal company to work for?

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