FHLMC questions which were unexpected.
Underwriter Interviews
Underwriter Interview Questions
"Insurance companies depend on underwriters to review insurance applications and determine whether they qualify for acceptance. Employers are looking to hire candidates with strong analytical and organizational skills and experience with computer software. In an interview context, expect to answer technical questions such as evaluating risk as well as behavioral questions that will assess your ability to work on a team and resolve difficult problems. To test your quantitative skills, an interviewer may through in a brain teaser."
Top Underwriter Interview Questions & How To Answer
Question 1
Question #1: When reviewing a claim, what factors could determine a higher risk level?
How to answer
How to answer: As an underwriter, you're responsible for ensuring that all claims, loans, and/or policies have a low level of risk to protect the interest of the individual or company issuing payment, funds, or coverage. When you answer this question, talk about the process you follow to assess the potential risk of each individual item you review. Include manual review processes and any AI- or computer-driven review processes.
Question 2
Question #2: Have you ever disagreed with another party involved in a claim or policy review?
How to answer
How to answer: Underwriters work with various individuals in the underwriting and review process, so they might disagree with one or more of those individuals. This question allows you to demonstrate your problem-solving and communication skills when you encounter conflict. As you answer, describe a specific situation with the STAR method: Situation, Action, Task, Result.
Question 3
Question #3: How do you manage multiple claims or requests?
How to answer
How to answer: An underwriter often works on multiple claims at once, so they need strong organizational and prioritization skills. In your answer to this question, you can outline any specific tools or processes you use when managing multiple requests, as well as how you manage deadlines and timelines. Since underwriters often have to submit their responses to requests within a certain timeline, it's important to have good time management skills.
4,405 underwriter interview questions shared by candidates
If there was a company who, in 5 years, had one accident costing $1 million and a company who, in 5 years, had 4 accidents every year costing $2,000, which premium would be higher?
Which of the following do you think is the higher risk? A dump truck or a limousine?
Are you willing to accept far less than you are worth?
You had to complete a self employment income analysis worksheet based on mock tax returns provided and explain what you would use for income and why.
I was asked about my experience with reviewing self employed income.
Tell me about a time you built a relationship with a customer? Tell me about a time you helped streamline a process? What do you know about underwriting?
What is one area you could improve on?
You haven't worked since 2011? Why is that?
What would you do if an other employee did something unethical?
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