- Exam Code: MLO
- Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
- Updated: Oct 03, 2026
- Q & A: 232 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Mortgage Knowledge | 20% | - Fixed-rate vs adjustable-rate mortgages - Conventional, FHA, VA, USDA loan characteristics - LTV, DTI, CLTV, PMI, points and fees - Mortgage terms, concepts and calculations |
| Topic 2: Uniform State Content | 11% | - State licensing and regulatory requirements - Compliance and disciplinary standards - License maintenance and renewal |
| Topic 3: Federal Mortgage-Related Laws | 24% | - Disclosure requirements and timing - Fair lending and consumer protection rules - TILA, RESPA, ECOA, HMDA, FCRA - SAFE Act and federal regulatory framework |
| Topic 4: Ethics | 18% | - Fraud prevention and detection - Ethical practices and professional conduct - Conflict of interest and disclosure obligations - Fair lending and anti-discrimination |
| Topic 5: Mortgage Loan Origination Activities | 27% | - Loan application process - Borrower qualification and underwriting basics - Loan programs and product types - Closing and post-closing procedures |
The term "primary mortgage market" refers to which of the following responses?
Correct Answer: C 🗳️
Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).
The total monthly payment for a loan secured by a 30-year fixed-rate mortgage with an escrow account could increase for which of the following reasons?
Correct Answer: A 🗳️
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Which of the following loan types is regulated by the Home Ownership and Equity Protection Act (HOEPA)?
Correct Answer: D 🗳️
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An appraiser agrees to give a mortgage loan originator (MLO) half of her appraisal fees in return for the MLO's future business. This illegal practice is known as:
Correct Answer: A 🗳️
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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?
Correct Answer: C 🗳️
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