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NMLS MLO Exam With Confidence Using Practice Dumps

Exam Code:
MLO
Exam Name:
Mortgage Loan Origination (SAFE MLO) Exam
Certification:
Vendor:
Questions:
120
Last Updated:
Apr 4, 2025
Exam Status:
Stable
NMLS MLO

MLO: SAFE MLO Exam 2025 Study Guide Pdf and Test Engine

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Related NMLS Exams

Mortgage Loan Origination (SAFE MLO) Exam Questions and Answers

Question 1

For an FHA loan, which of the following payments must a borrower make to protect a lender in case of a foreclosure?

Options:

A.

Down payment

B.

Hazard insurance premium

C.

Mortgage insurance premium

D.

Homeowners association dues

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Question 2

Which of the following components of an ARM adjusts periodically?

Options:

A.

Index and margin only

B.

Index and interest rate only

C.

Margin and interest rate only

D.

Margin, Index and interest rate

Question 3

When obtaining a mortgage loan, title insurance is required to protect the:

Options:

A.

settlement agent.

B.

seller of the property.

C.

mortgage loan officer.

D.

lender providing the financing.