NMLS Mortgage Loan Origination (SAFE MLO) : MLO

  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
  • Updated: Nov 10, 2026     Q & A: 232 Questions and Answers

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NMLS MLO Exam Syllabus Topics:

SectionWeightObjectives
Federal Mortgage-Related Laws24%- Federal Mortgage Laws
  • 1. Privacy and Consumer Protection
  • 2. Real Estate Settlement Procedures Act (RESPA)
  • 3. Truth in Lending Act (TILA)
  • 4. Equal Credit Opportunity Act (ECOA)
  • 5. Fair Credit Reporting Act (FCRA)
Ethics18%- Ethical Practices
  • 1. Professional Conduct
  • 2. Consumer Protection
  • 3. Fraud Prevention
  • 4. Fair Lending
General Mortgage Knowledge20%- Mortgage Fundamentals
  • 1. Loan Types
  • 2. Qualified and Non-Qualified Mortgages
  • 3. Interest Rates and Calculations
  • 4. Underwriting Basics
  • 5. Mortgage Terminology
Uniform State Content11%- State Regulatory Content
  • 1. State Mortgage Regulations
  • 2. SAFE Act
  • 3. Compliance Standards
  • 4. Licensing Requirements
Mortgage Loan Origination Activities27%- Loan Origination Process
  • 1. Closing Procedures
  • 2. Processing and Underwriting
  • 3. Financial Calculations
  • 4. Application Process
  • 5. Borrower Qualification

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question #1

The TILA-RESPA Integrated Disclosure rule (TRID) applies to most closed-end consumer credit transactions secured by real property, which includes:

  • A. refinance of a condominium property.
  • B. loans secured by a mobile home on a leased lot.
  • C. reverse mortgages.B home equity lines of credit (HELOCs;
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

If an applicant provides a waiver for the requirement to receive their appraisal three business days prior to a loan's consummation and the transaction ends up not closing at all, a creditor must still provide a copy of the appraisal no later than how many days after the creditor determines consummation will not occur?

  • A. 45 days
  • B. 10 days
  • C. 60 days
  • D. 30 days
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

A woman and her son meet with a mortgage loan originator (MLO) about refinancing the mother's home.
During the meeting, the MLO senses that the mother is against the transaction and may be being unfairly coerced into the procedure. In which of the following ways should the MLO proceed?

  • A. [Consider the issue to be a private family matter and proceed with the next steps in the application process
  • B. Ask to speak to the mother privately to inquire whether she Is a willing participant in the transaction
  • C. Suggest that the son be listed as a co-borrower on the mortgage to ensure he assumes part of the risk of the loan
  • D. Tell the mother that she needs to sign a power of attorney so that her son may complete the transaction on her behalf
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

A borrower has told the mortgage loan originator that they had recently paid off an account that was listed on their credit report. Which of the following information will they need to provide the lender to prove the account has been paid off?

  • A. An updated statement showing a zero balance
  • B. A letter from the borrower explaining that they paid it off
  • C. No additional information required
  • D. Oral confirmation from the borrower
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

An interest-only mortgage is a mortgage with scheduled payments that require the consumer to have:

  • A. Fixed payments every month, but the interest rate adjusts monthly.
  • B. Monthly payments for a specified amount of time that then roll over to principal-only payments because the interest has already been paid.
  • C. Payments of interest for a specified amount of time.
  • D. Adjustable payments every month based on an adjustable interest rate.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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