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

  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
  • Updated: Jul 11, 2026     Q & A: 232 Questions and Answers

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NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. If a borrower is provided a written estimate of the terms or costs specific to them before they receive the Loan Estimate, the written estimate must clearly and conspicuously provide which of the following statements at the top front of the first page?

A) "By signing, you are only confirming that you have received this form. You do not have to accept this loan because you have signed or received this form."
B) "Your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan."
C) "Your actual rate, payment and costs will be higher."
D) "By signing, you confirm that you have received this form. You do not have to accept this loan because you have received this form."


2. A licensed mortgage loan originator (MLO) sharing his commission with another licensed MLO at his company for actual services performed on a loan is considered which of the following terms?

A) Double fee method
B) Fee splitting
C) Single fee method
D) Tip sharing


3. Which of the following acts or practices violates appraisal independence?

A) The MLO asks the appraiser for a minimum valuation of the property so that the loan-to-value meets lending requirements.
B) The MLO asks the appraiser to consider additional comparable properties to make or support an appraisal.
C) The mortgage loan originator (MLO) asks the appraiser to correct errors on the appraisal.
D) The MLO asks the appraiser to provide further detail or explanation for the appraiser's value conclusion.


4. A mortgage loan originator (MLO) originates a 5/1 ARM where the indexed rate is likely to be higher than the introductory rate. The Truth in Lending Act (TILA) states that an MLO must calculate a borrower's monthly Payment amount based on which of the following?

A) Fully indexed rate of the loan
B) An average of the varying payment amounts over the life of the loan
C) Payment amount during the fixed introductory period
D) The total amount of the payments


5. An easement:

A) is a mortgage modification.
B) is a right to cross or otherwise use someone else's land for a specified purpose.
C) allows a loan applicant to close on a loan even if all the stipulations have not been met.
D) allows a borrower to make less than the required payments without going through a full mortgage modification.


Solutions:

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

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