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NMLS MLO : Mortgage Loan Origination (SAFE MLO) Exam

MLO

Exam Code: MLO

Exam Name: Mortgage Loan Origination (SAFE MLO) Exam

Updated: Sep 10, 2026

Q & A: 232 Questions and Answers

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NMLS MLO Exam Syllabus Topics:

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

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question #1

Redlining in mortgage lending refers to which of the following practices?

A. Highlighting areas of concern on an appraisal report
B. Denying services to residents in states that a company is not licensed in
C. Highlighting areas of concern on a mortgage application
D. Denying services to residents of a certain area based on race or ethnicity


Question #2

Which of the following is not a primary function for compensation undertaken by a mortgage loan originator on an FHA loan?

A. Performing real estate brokerage activities
B. Assisting a consumer in applying for credit
C. Taking an application
D. Offering or negotiating credit terms


Question #3

An easement:

A. allows a borrower to make less than the required payments without going through a full mortgage modification.
B. is a mortgage modification.
C. allows a loan applicant to close on a loan even if all the stipulations have not been met.
D. is a right to cross or otherwise use someone else's land for a specified purpose.


Question #4

After receiving a completed application for a creditor's approval of a counteroffer, the creditor must notify an applicant of action taken within how many calendar days?

A. 20 calendar days
B. 60 calendar days
C. 15 calendar days
D. 30 calendar days


Question #5

A loan secured by any lien other than the first lien position is referred to as:

A. Collectible
B. Non-conforming
C. Subordinate
D. Agency


Solutions:

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

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