Mortgage Product Management

Level 1

Test library / All tests / Mortgage Product Management

This multiple-choice assessment is designed to evaluate a candidate’s technical expertise, strategic thinking, and operational understanding of mortgage lending.

It covers the full mortgage lifecycle from origination to portfolio management and includes questions on risk, compliance, funding, product design, operations and customer outcomes.

The test is aimed at identifying candidates who can operate effectively in diverse regulatory and economic environments. Questions range from foundational mortgage principles to complex scenario-based decision-making, ensuring that both depth and breadth of knowledge are assessed.

Designed to access

Mortgage Product Knowledge
Risk Management & Compliance
Financial Analysis & Portfolio Strategy
Operational Excellence & Process Optimisation
Customer-Centric Decision-Making

Use this test to hire for

Mortgage Product Manager
Mortgage Risk & Credit Policy Manager
Mortgage Operations & Servicing Manager
Mortgage Portfolio Strategy Manager
Mortgage focused Relationship Manager

Duration 10 minutes
Languages English
Level Beginner / Level 1

Question

Which mortgage structure best suits a borrower seeking predictable monthly payments while expecting interest rates to rise substantially over the next few years?

Select ONE answer

Fixed-rate mortgage for the full term with level payments and no rate resets.
Variable rate mortgage with immediate repricing whenever policy rates change.
Tracker mortgage that follows a published policy rate with minimal lag.
Interest-only mortgage with a floating coupon and a large final principal payment.

Question

A borrower has volatile business income but holds liquid investments that can be realised on demand. Which structure best aligns flexibility with repayment certainty?

Select ONE answer

Fully amortising fixed-rate mortgage with no prepayment or restructuring options.
Interest-only mortgage paired with a documented and credible investment liquidation plan.
Short-reset tracker mortgage that reprices monthly with market interest rates.
Bridging loan without an identified exit strategy or committed refinance timetable.

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