NMLS Safe MLO Exam

Passing the NMLS SAFE Mortgage Loan Originator Exam requires a solid grasp of federal regulations, precise loan calculations, and licensing protocols. Our study guide recreates the real test experience with 250 practice questions, step-by-step answer explanations, and a comprehensive video walkthrough. You’ll also get a detailed content roadmap, an essential-term glossary, and a concise quick-reference sheet to streamline your review.

Deluxe

In addition to everything in the Standard Edition, the Deluxe Edition features a comprehensive video walkthrough of the entire study guide. You’ll still get the 145-page manual, two 125-question practice tests, and in-depth answer breakdowns—plus a visual review to reinforce core concepts.

Buy PDF

Buy Hardcopy

Standard

This guide covers every topic in the NMLS content outline and includes two full-length practice exams (250 questions total) with detailed answer explanations. A 145-page study manual dissects each subject area and provides a glossary of essential MLO terms.

Buy PDF

Buy Hardcopy

Practice Questions

Question 1

For a conventional fixed rate mortgage loan, which of the following may cause a variation in the borrower's total home monthly payment?

(A). Interest Payment

(B). Principal Payment

(C). Property Taxes

(D). Interest Rate

(C.) For a fixed rate mortgage there is no fluctuation in the mortgage payment due to interest or principal for the life of the loan. The the total may fluctuate based on property taxes, hazard insurance or PMI.

Hover to Reveal

Question 3

Which of the following types of conveyance is characterized by providing absolute ownership of a property

(A). Fee Tail

(B). Fee Simple

(C). Life Estate

(D). Defeasible Estate

(B.) A fee simple provides no further stipulations on the transfer.

Hover to Reveal

Question 2

Which of the following asset types will be reduced when being considered on a mortgage application?

(A). Retirement Funds

(B). Savings Account

(C). Checking Account

(D). Stock and Bonds

(A.) Due to early withdrawal penalties and taxes associated with a retirement account, they cannot be considered entirely liquid when evaluating an applicant's reserves.

Hover to Reveal

Question 4

Which of the following mortgage types are 100% government insured?

(A). VA

(B). FHA

(C). USDA

(D). Conventional

(B.) The FHA loan is the only one 100% backed by the government. The VA and USDA are partially covered and conventional is 0% covered.

Hover to Reveal

NMLS SAFE MLO Study Package Overview

This NMLS SAFE MLO study package delivers full-length practice exams, comprehensive answer explanations, and targeted review tools, setting you up for success on your licensing exam:

145-page guide that dissects every topic in the NMLS content outline, from RESPA and TILA to ethics and mortgage math
Two full-length practice exams (125 questions each) matching the exam’s structure and difficulty, with detailed explanations for every answer
Downloadable video walkthrough of the entire guide to reinforce core concepts
Quick-reference section highlighting essential formulas, regulations, and definitions for last-minute review
Glossary of mortgage-loan-originator keywords for instant clarity.

Available in Standard, Deluxe, and Quick Reference editions, this guide is your all-in-one resource for efficient, targeted exam prep and lasting career success.