- Exam Code: MLO
- Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
- Updated: Oct 04, 2026
- Q & A: 232 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethics | 18% | - Ethical Practices
|
| Topic 2: Mortgage Loan Origination Activities | 27% | - Loan Origination Process
|
| Topic 3: Federal Mortgage-Related Laws | 24% | - Federal Mortgage Laws
|
| Topic 4: Uniform State Content | 11% | - State Regulatory Content
|
| Topic 5: General Mortgage Knowledge | 20% | - Mortgage Fundamentals
|
Which of the following information must be included in advertisements?
Correct Answer: B 🗳️
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What is the loan amount on the purchase price of $249,955.00 if the borrower is putting 18% down?
Correct Answer: A 🗳️
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Which of the following factors is considered when determining the interest rate for a subprime mortgage?
Correct Answer: D 🗳️
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A mortgage loan originator (MLO) received a salary of 1% per loan plus a bonus of $5,000 for closing the most loans in the office last year. In addition, he received a trip to Hawaii based on closing 100 or more transactions with an interest rate of 5% or higher. Is the MLO's compensation prohibited?
Correct Answer: D 🗳️
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Which of the following fees must remain the same unless a valid changed circumstance occurs?
Correct Answer: C 🗳️
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