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Mortgage related interview questions for BA

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Responsibilities of a Business Analyst

What is Business Analysis

Sequence diagram Explained

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SDLC(software development life cycle)

Insurance knowledge for BA

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Finance banking knowledge for BA

 

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Resume writing tips for BA

Business Analyst Health care Related:

BA Health Care Claims

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Clinical Trials

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HIPAA

 

BA Finance Interview questions

Business Analyst Finance domain Interview

questions set 1

 

What is Fixed rate Loan?

What is home equity line of credit  (HELOC) ?

What is Loan to value ratio ?

What is debt to income  ratio &

What is lien Lien holder ?

What are mutual funds ? Interview questions

Trading of Stocks , what are stocks?

New york Stock exchange

What is NASDAQ ?

Stock exchanges in USA

Factors that will affect the change in price

of STOCKS

How to buy a STOCK ?

 

What stocks are treated as equity

 while bonds as debt ?

 

 

Business Analyst Tutorials:

Role of a Business Analyst(high level)

Use case diagram step by step

Class Diagrams UML

Responsibilities of BA

What is RUP ?

SDLC

Bug Life cycle

BA Faq

Business Users of the system

CMM levels

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Deliverables in SDLC

Tools used by BA

Q-Gate (quality gate)

RUP (rational unified processing)

Sequence diagrams

Deliverables in RUP

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Testing skills required

Testing processes

QTP recording flow

break points in qtp

split actions in qtp

parameterization

checkpointsinqtp

Integrated testing

What is QTP ?

Loadrunner step by step

 

 

 

Mortgage business analyst Q & A

 

Give a basic overview on 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!

 

What are the basic 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 mortgage industry. He should understand the basic concepts such as asset management, litigation processes and cash recovery etc.

 

Can you explain what the terms pre-qualification, pre-approval and final loan

approval stand for?

Pre-qualification is the evaluation of the total mortgage you can offer to the lender. It is

determined by your income-proof and your credit report. Then, when the information of

your employment and accounts are verified, it?

 is called pre-approval. This is where your

chosen property is evaluated by the market value to determine your mortgage capacity.

After the lender finalized the deal on which all necessary documents and other formalities are approved, it is called final loan approval.