NMLS Mortgage Loan Origination (SAFE MLO) : MLO

  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
  • Updated: Sep 08, 2026
  • Q & A: 232 Questions and Answers

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NMLS MLO Exam Syllabus Topics:

SectionWeightObjectives
Federal Mortgage-Related Laws24%- Federal Mortgage Laws
  • 1. Fair Credit Reporting Act (FCRA)
  • 2. Truth in Lending Act (TILA)
  • 3. Real Estate Settlement Procedures Act (RESPA)
  • 4. Privacy and Consumer Protection
  • 5. Equal Credit Opportunity Act (ECOA)
Ethics18%- Ethical Practices
  • 1. Professional Conduct
  • 2. Fair Lending
  • 3. Consumer Protection
  • 4. Fraud Prevention
Uniform State Content11%- State Regulatory Content
  • 1. SAFE Act
  • 2. Licensing Requirements
  • 3. Compliance Standards
  • 4. State Mortgage Regulations
General Mortgage Knowledge20%- Mortgage Fundamentals
  • 1. Interest Rates and Calculations
  • 2. Underwriting Basics
  • 3. Qualified and Non-Qualified Mortgages
  • 4. Loan Types
  • 5. Mortgage Terminology
Mortgage Loan Origination Activities27%- Loan Origination Process
  • 1. Processing and Underwriting
  • 2. Closing Procedures
  • 3. Application Process
  • 4. Financial Calculations
  • 5. Borrower Qualification

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question #1

A borrower obtaining a VA loan is deployed at the time of loan closing. Which of the following individuals is able to sign on behalf of the borrower?

  • A. A purchasing spouse
  • B. Someone with designated power of attorney
  • C. A non-purchasing spouse
  • D. A co-borrower
Answer: B

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Question #2

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

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

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Question #3

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. Tip sharing
  • C. Fee splitting
  • D. Single fee method
Answer: C

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Question #4

Which of the following is a requirement for a mortgage loan originator (MLO) license?

  • A. Have not had an MLO license revoked in the last five years
  • B. Are covered by either a net worth or surety bond or pay into a state fund as required by the state loan originator's supervisory authority
  • C. Completed at least 10 hours of pre-licensing education
  • D. Have never been convicted of a felony in a domestic, foreign or military court
Answer: B

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Question #5

Which of the following actions by a mortgage loan originator is prohibited regarding credit secured by a dwelling?

  • A. Presenting program options that best qualify and satisfy the consumer
  • B. Providing a copy of the credit application to the primary borrower
  • C. Receiving compensation from both the borrower and the lender
  • D. Providing disclosures within three days of an application
Answer: C

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