Remote Mortgage Underwriter Interview Questions

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Remote Mortgage Underwriter interview questions shared by candidates

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Quorum Federal Credit Union
Remote Mortgage Underwriter was asked...October 22, 2020

They underwrite 10-15 files a day. For my interview, this was just for Level 2 underwriter and you only look at 4 criterias on a tax sheet (I forgot which ones)

1 Answers

Say you underwrite the same amount (10-15) NEW Files

Quorum Federal Credit Union

They asked if I had experience: -appraising homes -Fannie Mae wantable vs unwantable condominiums -calculating asset depletion -depreciation

1 Answers

Act like you know what they're talking about

Quorum Federal Credit Union

They asked me how I would handle business expenses on a Schedule C. Like lets say they wrote of miles, meals, would I count that as an expense

1 Answers

idk what answer they're looking for

Quorum Federal Credit Union

Do you have experience with reworks, rush files, etc

1 Answers

Say yes

Quorum Federal Credit Union

They asked about Fannie Mae underwriting guidelines on a Schedule C

1 Answers

Act like you know what they're talking about

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