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NMLS MLO

MLO

Exam Code: MLO

Exam Name: Mortgage Loan Origination (SAFE MLO) Exam

Updated: Aug 20, 2026

Q&A Number: 232 Q&As

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NMLS MLO Exam Syllabus Topics:

SectionWeightObjectives
General Mortgage Knowledge20%- LTV, DTI, CLTV, PMI, points and fees
- Mortgage terms, concepts and calculations
- Conventional, FHA, VA, USDA loan characteristics
- Fixed-rate vs adjustable-rate mortgages
Federal Mortgage-Related Laws24%- TILA, RESPA, ECOA, HMDA, FCRA
- Disclosure requirements and timing
- SAFE Act and federal regulatory framework
- Fair lending and consumer protection rules
Mortgage Loan Origination Activities27%- Closing and post-closing procedures
- Loan programs and product types
- Loan application process
- Borrower qualification and underwriting basics
Uniform State Content11%- Compliance and disciplinary standards
- License maintenance and renewal
- State licensing and regulatory requirements
Ethics18%- Conflict of interest and disclosure obligations
- Ethical practices and professional conduct
- Fair lending and anti-discrimination
- Fraud prevention and detection

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. It is acceptable for a lender to request a co-applicant in which of the following situations?

A) The co-applicant is gifting money to the borrower to make a down payment on a purchase-money mortgage
B) The co-applicant will be residing in the house with the borrower.
C) The borrower will not qualify for the loan on their own.
D) The borrower's future income is dependent on the co-applicant.


2. Consumer complaints and the analysis of complaints play a vital role in identifying weaknesses in elements of a company's:

A) compliance management, senior management and branch locations.
B) secondary marketing practices of selling loans to investors.
C) compliance management training and internal controls
D) hiring procedures and training.


3. When applying for a home equity line of credit (HELOC), consumers should review documentation carefully and be sure that they consider:

A) if the HELOC is insured by HUD.
B) if the HELOC requires private mortgage insurance
C) the APR and the costs of acquiring and maintaining the HELOC.
D) if the company offering the HELOC has deposit accounts insured by the FDIC.


4. Which of the following must be included in advertisements displayed by mortgage loan originators (MLOs) on their social media pages for mortgage services including payment amounts?

A) The number of days that the rate is available
B) The APR
C) The MLO's personal website
D) The MLO's business address


5. An advertisement only reads: "Looking for low rates on a new mortgage loan? I can get you a $1,100 monthly payment on a $200,000 loan." This statement is a violation of which of the following rules?

A) Real Estate Settlement Procedures Act (RESPA)
B) Equal Credit Opportunity Act (ECOA)
C) Truth in Lending Act (TILA)
D) Unfair Deceptive or Abusive Acts or Practices


Solutions:

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

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