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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

Prepaid charges include which of the following items?

Options:

A.

Origination fee

B.

Credit report fee

C.

Conveyance tax

D.

Per diem interest

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Question 2

Interest-only mortgages are considered high risk compared to traditional mortgage products because:

Options:

A.

scheduled payments do not reduce the loan's principal balance.

B.

the borrower's ability to repay is not considered when making the credit decision.

C.

the interest rate exceeds the average prime offer (APOR) rate by 1.5 percentage points.

D.

the interest rate exceeds the APOR by 6.5 percentage points.

Question 3

Offering or negotiating the terms of a loan includes which of the following actions?

Options:

A.

Providing general explanations or descriptions in response to a consumer's inquiry

B.

Making an underwriting decision about whether an applicant qualifies for a loan

C.

Presenting particular loan terms to an applicant verbally, in writing, or otherwise

D.

Arranging the loan closing or other aspects of the loan process