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NMLS SAFE MLO MLO

MLO

Exam Code: MLO

Exam Name: Mortgage Loan Origination (SAFE MLO) Exam

Updated: Sep 06, 2025

Q & A: 232 Questions and Answers

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NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. Which of the following factors is considered when determining the interest rate for a subprime mortgage?

A) The term of the loan
B) The property location
C) The sales price of the property
D) The credit score of the applicants]


2. Which of the following reasons is acceptable for denying a loan under the Equal Credit Opportunity Act (ECOA)?

A) Immigration status
B) Country of birth
C) Receipt of child support
D) Marital status


3. Illegal fee splitting occurs when:

A) three companies split a fee but one did no work.
B) wages are split by two employees.
C) fees are split between lender and broker.
D) two service providers split a fee.


4. A loan applicant inquires about refinancing his primary residence. He reports receiving a competitor's quote of a 3.5% interest rate with no points. The mortgage loan originator (MLO) discovers that the best interest rate available at this time is 3.75% with no points. To get the applicant a 3.5% interest rate, the applicant needs to pay a 1.00% discount point. Which of the following interest rates is the MLO permitted to offer to the applicant?

A) 3.25% interest rate with no points
B) 3.00% interest rate with a 0.50% discount point
C) 3.50% interest rate with a 1.00% discount point
D) 3.50% interest rate with no points


5. Which of the following is an origination fee?

A) Prepaid interest fee
B) Title insurance fee
C) Appraisal fee
D) Underwriting fee


Solutions:

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

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