NMLS MLO : Mortgage Loan Origination (SAFE MLO) Exam

  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
  • Updated: Sep 22, 2026
  • Q & A: 232 Questions and Answers

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NMLS MLO Exam Syllabus Topics:

SectionObjectives
Topic 1: Ethics and Professional Conduct- Fraud Prevention
- Consumer Protection Standards
- Disclosure Requirements
Topic 2: General Mortgage Knowledge- Mortgage Types and Products
- Loan Origination Process
- Underwriting Basics
- Loan Closing Procedures
Topic 3: Federal Mortgage-Related Laws- Equal Credit Opportunity Act (ECOA)
- Fair Housing Act
- Truth in Lending Act (TILA) / Regulation Z
- Real Estate Settlement Procedures Act (RESPA)
Topic 4: Uniform State Content- State Lending Regulations Overview
- Licensing Requirements and Compliance

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question #1

Which of the following loans is subject to the Real Estate Settlement Procedures Act (RESPA)?

  • A. Unified commerce related mortgage loan
  • B. Federally related mortgage loan
  • C. State registration related mortgage loan
  • D. Standard county related mortgage loan
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

The characteristics of a fixed-rate mortgage include a:

  • A. fixed interest rate.
  • B. fixed margin.
  • C. mandatory 30-year term.
  • D. minimum balloon payment.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

A title insurance policy ensures that:

  • A. The title commitment is accurate.
  • B. A condominium is warrantable.
  • C. The borrower owns the property.
  • D. The borrower can repay the loan.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

A creditor receives an application with all the required pieces of information but wants to have additional information to determine a borrower's qualifications for a loan. Which of the following actions is most compliant with industry regulations?

  • A. Carefully document attempts to obtain the necessary additional information from the consumer to show why the decision to hold further processing was made
  • B. Consider the application incomplete and put initial processing on hold until the additional information is received
  • C. Provide a fees worksheet, a Falr Lending Disclosure and an Equal Credit Opportunity Act (ECOA) form to the consumer, waiting until the additional necessary information is obtained to Issue the balance of required disclosures
  • D. Provide timely initial disclosures to the consumer even though the requested information when received may reflect that the initially disclosed figures are outdated
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

When a mortgage loan originator (MLO) receives information from a borrower that indicates potential employment fraud, the MLO should:

  • A. Report the information to another MLO for their opinion.
  • B. Take no additional action because it is not confirmed.
  • C. Take no additional action unless the borrower admits that they submitted false employment information.
  • D. Report the information to the company's compliance officer.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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