QUESTION 34 OF 34

How well do you feel you know standard Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) guidelines?

The interviewer is looking for job-specific knowledge. Give an indicator of your level of familiarity, discuss what you know about the products and give details that distinguish them. If you are unfamiliar with both, discuss the selling guides you have familiarity with, and explain that you're willing to learn.

"I have not had the opportunity to use FNMA and FHLMC guidelines. However, I have used other guidelines and am confident that my process for learning them will apply. I can quickly become conversant with them and would appreciate the opportunity to become more familiar."

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Mortgage Loan Processor Mock Interview

How well do you feel you know standard Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) guidelines?

Unlock all 34 Mortgage Loan Processor questions

34 Mortgage Loan Processor Interview Questions & Answers