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Simulate the real exam

We provide different versions of MLO practice exam materials for our customers, among which the software version can stimulate the real exam for you but it only can be used in the windows operation system. It tries to simulate the MLO best questions for our customers to learn and test at the same time and it has been proved to be good environment for IT workers to find deficiencies of their knowledge in the course of stimulation.

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Only need to practice for 20 to 30 hours

You will get to know the valuable exam tips and the latest question types in our MLO certification training files, and there are special explanations for some difficult questions, which can help you to have a better understanding of the difficult questions. All of the questions we listed in our MLO practice exam materials are the key points for the IT exam, and there is no doubt that you can practice all of MLO best questions within 20 to 30 hours, even though the time you spend on it is very short, however the contents you have practiced are the quintessence for the IT exam. And of course, if you still have any misgivings, you can practice our MLO certification training files again and again, which may help you to get the highest score in the IT exam.

Fast delivery in 5 to 10 minutes after payment

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NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. How many business days after issuance is an unlocked Loan Estimate considered expired?

A) 7 days
B) 10 days
C) 5 days
D) 3 days

2. Which of the following information requests from a mortgage loan originator is permissible under Regulation B of the Equal Credit Opportunity Act (ECOA)?

A) Information on an applicant's former spouse who pays no alimony or child support to the applicant
B) Inquiries about an applicant's intentions concerning the bearing and rearing of children
C) Information on the permanent residency or immigration status of an applicant
D) Inquiries about an applicant's child support income without informing an applicant of the non- disclosure option

3. Which of the following is an example of a loan expense that is permitted to change without any tolerance restrictions?

A) Property taxes paid by the borrower
B) An escrow fee that is paid by the borrower and the borrower did not shop for the fee
C) A lender's tax service fee that is paid by the borrower
D) A lender's processing fee that is paid by the borrower

4. 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) 89%
B) 90%
C) 80%
D) 88%

5. In a loan transaction subject to the TILA-RESPA Integrated Disclosure rule (TRID), the creditor must ensure that the consumer receives a Closing Disclosure reflecting the actual terms of the transaction:

A) Within three business days of the loan application date.
B) No later than one business day before consummation.
C) No later than three business days before consummation.
D) No later than seven business days before consummation.

Solutions: