NMLS MLO : Mortgage Loan Origination (SAFE MLO) Exam

MLO pass collection

Exam Code: MLO

Exam Name: Mortgage Loan Origination (SAFE MLO) Exam

Updated: Jun 30, 2026

Q & A: 232 Questions and Answers

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NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

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


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


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


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


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


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: A

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