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NMLS SAFE MLO MLO

MLO

Exam Code: MLO

Exam Name: Mortgage Loan Origination (SAFE MLO) Exam

Updated: Aug 03, 2026

Q & A: 232 Questions and Answers

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NMLS SAFE MLO MLO Mortgage Loan Origination (SAFE MLO) Exam Exams

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NMLS MLO Exam Syllabus Topics:

SectionObjectives
Uniform State Content- State Lending Regulations Overview
- Licensing Requirements and Compliance
Federal Mortgage-Related Laws- Truth in Lending Act (TILA) / Regulation Z
- Equal Credit Opportunity Act (ECOA)
- Real Estate Settlement Procedures Act (RESPA)
- Fair Housing Act
General Mortgage Knowledge- Mortgage Types and Products
- Loan Closing Procedures
- Loan Origination Process
- Underwriting Basics
Ethics and Professional Conduct- Consumer Protection Standards
- Fraud Prevention
- Disclosure Requirements

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. Which of the following is a requirement for a mortgage loan originator (MLO) license?

A) Have never been convicted of a felony in a domestic, foreign or military court
B) Are covered by either a net worth or surety bond or pay into a state fund as required by the state loan originator's supervisory authority
C) Have not had an MLO license revoked in the last five years
D) Completed at least 10 hours of pre-licensing education


2. During the closing the borrower notices that the interest rate increased from 3.250% to 3.875%. The lender must:

A) close the loan, then re-disclose after the loan funds.
B) postpone the closing, re-disclose and wait three business days.
C) postpone the closing, re-disclose and wait three days.
D) tell the borrower to close the loan.


3. The appraiser valuation independence obligates appraisers to perform their duties in a manner free from outside influence through which of the following actions?

A) Asking the appraiser to substantiate a value
B) Withholding payment from an appraiser
C) Communication directly between the loan officer and the appraiser
D) Encouraging a target value


4. A second (subordinate) mortgage loan includes:

A) home equity lines of credit (HELOCs;
B) conventional home purchase loan.
C) government home purchase loan.
D) home equity conversion mortgage.


5. Which of the following responses best describes redlining?

A) The identification of minority census tracts
B) The identification of locations in which the lender will not lend
C) The analysis of the points and fees charged on loan transactions
D) The identification of low and moderate income census tracts


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: B

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