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Mortgage interview for a business analyst courses nyc




Mortgage interview questions for a Business Analyst

Mortgage business analyst Q & A





Give a basic overview of mortgage applications!
When you submit a loan request, your request will be evaluated based on your present
income and the age of the house to determine the final payment terms There are two
terms which are used for the calculation and analysis purposes:
·         Front ratio which indicates all the mortgage payments (PITI) which includes your taxes, principal amount, insurance and condominium to your gross income.
·         Back ratio, on the other hand, indicates the ratio of the amount of your total mortgage payment, credit card payments, car payments plus any other loan payments you’re paying to your gross income.

Also, the thing to note is to sort out your credit report before applying. This way you can land a fair deal with the lender!
Requirements from a mortgage business analyst


The business analyst in the mortgage industry should have the right mix of communication, technical and functional skills. He should be conversant with MS Office, VBA, SQL etc to corroborate his domain skills in the mortgage industry. He should understand the basic concepts such as asset management, litigation processes, and crash recovery etc.

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