NMLS Mortgage Loan Origination (SAFE MLO) : MLO

MLO real exams

Exam Code: MLO

Exam Name: Mortgage Loan Origination (SAFE MLO) Exam

Updated: Aug 25, 2026

Q & A: 232 Questions and Answers

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NMLS MLO Exam Syllabus Topics:

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

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. How many days after loan consummation does a lender have to refund an excess charge subject to the 10% aggregate tolerance?

A) 90 days
B) 60 days
C) 50 days
D) 45 days


2. Which of the following acts or practices violates appraisal independence?

A) The MLO asks the appraiser to provide further detail or explanation for the appraiser's value conclusion.
B) The mortgage loan originator (MLO) asks the appraiser to correct errors on the appraisal.
C) The MLO asks the appraiser to consider additional comparable properties to make or support an appraisal.
D) The MLO asks the appraiser for a minimum valuation of the property so that the loan-to-value meets lending requirements.


3. 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) Cost approach
C) Income approach
D) Residual method approach


4. Which of the following must be included on all residential mortgage loan application forms?

A) The borrower's previous five year employment history
B) A mortgage loan originator's unique identifier
C) A borrower's driver's license number
D) The maiden name of the borrower's mother


5. Which of the following fees is a finance charge?

A) Title insurance
B) Appraisal fees
C) Discount points
D) Pest inspection fees


Solutions:

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

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