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Exam Code: MLO
Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
Updated: Oct 06, 2026
Q & A: 232 Questions and Answers
MLO Free Demo download
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| Section | Weight | Objectives |
|---|---|---|
| General Mortgage Knowledge | 20% | - LTV, DTI, CLTV, PMI, points and fees - Conventional, FHA, VA, USDA loan characteristics - Mortgage terms, concepts and calculations - Fixed-rate vs adjustable-rate mortgages |
| Uniform State Content | 11% | - Compliance and disciplinary standards - State licensing and regulatory requirements - License maintenance and renewal |
| Federal Mortgage-Related Laws | 24% | - SAFE Act and federal regulatory framework - Disclosure requirements and timing - Fair lending and consumer protection rules - TILA, RESPA, ECOA, HMDA, FCRA |
| Mortgage Loan Origination Activities | 27% | - Loan programs and product types - Loan application process - Closing and post-closing procedures - Borrower qualification and underwriting basics |
| Ethics | 18% | - Fair lending and anti-discrimination - Fraud prevention and detection - Conflict of interest and disclosure obligations - Ethical practices and professional conduct |
Which of the following components of an ARM adjusts periodically?
Correct Answer: C 🗳️
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If a borrower is provided a written estimate of the terms or costs specific to them before they receive the Loan Estimate, the written estimate must clearly and conspicuously provide which of the following statements at the top front of the first page?
Correct Answer: C 🗳️
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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?
Correct Answer: A 🗳️
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Which of the following is an origination fee?
Correct Answer: D 🗳️
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A mortgage loan originator (MLO) submits a refinance application for a primary residence. However, if the MLO later discovers that the property is no longer occupied by the borrower, which of the following actions, if any, should the MLO take?
Correct Answer: C 🗳️
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