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NMLS MLO Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethics | 18% | - Conflict of interest and disclosure obligations - Fraud prevention and detection - Fair lending and anti-discrimination - Ethical practices and professional conduct |
| Topic 2: Mortgage Loan Origination Activities | 27% | - Loan application process - Closing and post-closing procedures - Loan programs and product types - Borrower qualification and underwriting basics |
| Topic 3: Uniform State Content | 11% | - Compliance and disciplinary standards - License maintenance and renewal - State licensing and regulatory requirements |
| Topic 4: General Mortgage Knowledge | 20% | - Conventional, FHA, VA, USDA loan characteristics - Mortgage terms, concepts and calculations - Fixed-rate vs adjustable-rate mortgages - LTV, DTI, CLTV, PMI, points and fees |
| Topic 5: Federal Mortgage-Related Laws | 24% | - Disclosure requirements and timing - TILA, RESPA, ECOA, HMDA, FCRA - SAFE Act and federal regulatory framework - Fair lending and consumer protection rules |
NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:
1. A mortgage loan originator (MLO) submits a refinance application for a primary residence. However, if the MLO later discovers that the property is no longer occupied by the borrower, which of the following actions, if any, should the MLO take?
A) Take no action as the property was occupied at the time of application
B) Allow the application to be underwritten before raising any concerns
C) Allow the mortgage loan processor and/or underwriter to discover this through their due diligence processes
D) Notify the MLO's employer and/or the mortgage lender of the discovery
2. The practice of denying a creditworthy applicant a loan for housing because of the location of the property is sometimes referred to as:
A) steering.
B) appraising.
C) low balling.
D) redlining.
3. When preparing a corrected Closing Disclosure, under which of the following conditions is a three-day waiting period required before a loan consummation?
A) If the APR changes within the acceptable tolerance
B) The addition of a prepayment penalty
C) If a revision is needed to the consumer's contact Information
D) The addition of an escrow account
4. Which of the following is considered a prohibition under the Real Estate Settlement Procedures Act (RESPA)?
A) Renting office space at lower rates based on the whole or in the amount of business referred
B) Donating an item of value to a silent auction hosted by a charity
C) Hosting an educational seminar at no cost to the participants
D) Sponsoring a little league team where the company name is on the uniforms
5. A person paying or receiving a portion of a fee that has not been earned in connection with the settlement statement is which of the following practices?
A) Splitting fees
B) Actual fees
C) Average fees
D) Third-party fees
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |








