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NMLS MLO Dumps

Exam Code:
MLO
Exam Name:
Mortgage Loan Origination (SAFE MLO) Exam
Last Update: Jul 27, 2025
230 Questions with Explanation
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Mortgage Loan Origination (SAFE MLO) Exam Practice Questions

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MLO NMLS Exam Dumps

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MLO FAQs

What is the SAFE MLO Exam?
SAFE Mortgage Loan Originator (MLO) Test is a national requirement to become a licensed mortgage loan officer in the U.S. It ensures competency in federal laws, ethics, and lending standards under the Secure and Fair Enforcement (SAFE) Act.
Is there a state-specific portion?
Yes! The exam includes:

National Test Component (100 questions)
State Test Component (25 questions) (varies by state).
What are the prerequisites to take the exam?
No formal education requirements, but you must:

Complete 20 hours of NMLS-approved pre-licensing education.
Pass a background check + credit review.
What study materials should I use?
Recommended resources:

NMLS SAFE Test Handbook (free download)
CompuCram, OnCourse Learning, or PrepXL (paid practice tests)
"Mortgage Loan Originator Exam Prep" by Patricia O'Connor
MLO practice test (Dumpspedia)
State-specific supplement guides
What topics are covered on the exam?
Key areas include:

Federal mortgage laws (TILA, RESPA, HMDA, ECOA)
Loan origination process (application, underwriting, closing)
Ethics and fraud prevention
State-specific regulations (varies by state)
Math concepts (LTV, DTI, APR calculations)

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Mortgage Loan Origination (SAFE MLO) Exam Questions and Answers

Questions 1

A lender will require private mortgage insurance for first lien loans with loan-to-value over what percentage?

Options:

A.

70%

B.

75%

C.

78%

D.

80%

Questions 2

Private mortgage insurance (PMI) is required to be automatically removed by a lender/servicer when which of the following events occur?

Options:

A.

When the borrower provides a cancellation request

B.

When the principal balance of the loan reaches 78% of the original value when scheduled

C.

When the borrower has been current for at least five years and has a loan to value of 80% or less

D.

If the borrower produces an appraisal that shows that the borrower currently has more than 20% equity

Questions 3

A borrower obtains a 2-1 buydown mortgage loan with a 30-year term and a 6% note rate. The borrower's payments will be calculated based upon which of the following?

Options:

A.

4% interest in year 1 and 6% interest in years 2 through 30

B.

4% interest in years 1 and 2 and 6% interest in years 3 through 30

C.

4% interest in year 1, 5% interest in year 2 and 6% interest in years 3 through 30

D.

5% interest in years 1 and 2 and 6% interest in years 3 through 30

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United States
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Jul 22, 2025

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United States
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Jun 29, 2025

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