your underwriting style?

2.

What is your total years of frontline experience with underwriting conventional loans?

3.

How versed are you with Fannie and Freddie guidelines?Please describe where you would go to keep up with the changes.

4.

If you have not been doing frontline underwriting for some time, how will you adjust going from backend QC work or other roles to a frontline environment?

5.

Have you had experience in working remote?Please describe your normal day to day.

6.

What is your experience in underwriting to DU or LP?Please explain the difference

7.

How confident are you at making a credit decision if an issue is not listed on DU or LP but was identified in your file review?Would you add the condition manually?What would be an example of this?

8.

When you were underwriting in frontline, how many full files were you doing on average per day?How many conditions reviews or Resubmissions a day?

9.

Were you in line with the goals of that role?

10.

What would your former employer say about your work ethic and attention to detail?

How do you handle constructive criticism and discipline?

11.

I'm going to ask you a series of questions specific to Conventional Underwriting.

12.

Please explain OFAC and its purpose.

13.

Are you familiar with ATR?Please explain

14.

What is the typical minimum FICO allowed for Fannie/Freddie eligibility fixed rate mortgages?

15.

Are you familiar with AML? Please explain

16.

Which tax form is used when the borrower is filing rental income?

17.

What typically can you add back when analyzing Sch. C borrower's self-employed income?

18.

Is it generally an acceptable practice to exclude an installment loan with 12 payments or less to maturity from debt ratio calculations?

19.

Which tax form is used when borrower is filing income taxes as a sole proprietor?

20.

What percentage of borrower's gross monthly income is considered a large deposit on a bank statement?

Calculations:

22.The transaction you are reviewing is a 1st lien purchase. The sales price is $180,000, and an appraised value of $190,000.The 1st lien loan amount is $145,000 and the 2nd mortgage lien is $5,000.What is the LTV for this loan?

23.Calculate the borrower's average monthly income using a calc method of YTD+Previous year W2 along with the followinginformation:$35,333.33 gross income through 4.15.2019 on paystub and $84,750 on borrowers 20