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

  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
  • Updated: Oct 01, 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
- Disclosure Requirements
- Consumer Protection Standards
Topic 2: Uniform State Content- State Lending Regulations Overview
- Licensing Requirements and Compliance
Topic 3: General Mortgage Knowledge- Loan Origination Process
- Loan Closing Procedures
- Underwriting Basics
- Mortgage Types and Products
Topic 4: Federal Mortgage-Related Laws- Truth in Lending Act (TILA) / Regulation Z
- Fair Housing Act
- Real Estate Settlement Procedures Act (RESPA)
- Equal Credit Opportunity Act (ECOA)

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question #1

Which of the following fees or charges is an allowable closing cost typically found on a Closing Disclosure?

  • A. Origination charge
  • B. Referral fee
  • C. Yield-to-loan fee
  • D. Servicing fee
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

The loan-to-value ratio for an FHA loan is calculated by dividing the loan amount by:

  • A. the purchase price, plus the mortgage insurance for FHA loans.
  • B. the lesser of the purchase price or appraised value.
  • C. the appraised value of the property.
  • D. the purchase price of the property.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

According to Fannie Mae, a loan with a purchase transaction loan amount of $160,000, sales price of
$180,000, and an appraised value of $200,000 has a loan-to-value ratio of what percentage?

  • A. 80%
  • B. 88%
  • C. 89%
  • D. 90%
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

Which of the following must be included on all residential mortgage loan application forms?

  • A. A mortgage loan originator's unique identifier
  • B. A borrower's driver's license number
  • C. The borrower's previous five year employment history
  • D. The maiden name of the borrower's mother
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

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. Communication directly between the loan officer and the appraiser
  • C. Encouraging a target value
  • D. Withholding payment from an appraiser
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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