NMLS MLO : Mortgage Loan Origination (SAFE MLO) Exam

MLO pass collection

Exam Code: MLO

Exam Name: Mortgage Loan Origination (SAFE MLO) Exam

Updated: Oct 03, 2026

Q & A: 232 Questions and Answers

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NMLS MLO Exam Syllabus Topics:

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

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question #1

A borrower obtaining a VA loan is deployed at the time of loan closing. Which of the following individuals is able to sign on behalf of the borrower?

  • A. Someone with designated power of attorney
  • B. A co-borrower
  • C. A non-purchasing spouse
  • D. A purchasing spouse
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Which of the following real estate methods allows investors to estimate the value of a property by taking the rent collected and dividing it by the capitalization rate?

  • A. Sales comparison approach
  • B. Residual method approach
  • C. Income approach
  • D. Cost approach
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

Which of the following activities is an example of redlining in mortgage lending?

  • A. The act of the mortgage lender putting a "red line" under the borrower's name in a file to indicate they are a substandard applicant
  • B. The mortgage loan originator convincing the underwriter to move their loan file to the front of the line or "redline" it
  • C. Ensuring that all creditworthy borrowers are afforded equal treatment when applying for a mortgage loan
  • D. The systematic denial of various services to residents of specific, often racially associated, neighborhoods or communities, either explicitly or through the selective raising of prices
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Which of the following property value approaches does an appraiser use on a rental property?

  • A. Cost approachB Income approach
  • B. Sales comparison approach
  • C. Annual approach
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

According to the TILA-RESPA Integrated Disclosure rule (TRID), changed circumstances that may result in a revised Loan Estimate include which of the following situations?

  • A. A natural disaster in the area where the loan will close
  • B. Market fluctuations on a locked loan
  • C. Changes that the MLO should have known at the time the Loan Estimate was provided
  • D. The borrower receiving a salary increase
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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