SAFE MLO Practice Questions Explained

Original SAFE MLO practice questions with the answer, a full worked explanation and the mistake candidates actually make. Pick your module, then a topic. For a mixed set, try the free sample questions or the free mock.

SAFE MLO Test questions

48 worked questions across 16 topics

RESPA & Regulation X

A borrower takes a 12-month loan to finance construction of a house; a separate permanent loan from another lender will pay it off. Under Regulation X, how is the construction loan treated?
A borrower's annual property taxes are $4,800 and the homeowners insurance premium is $1,200. Under Regulation X, what is the largest cushion the servicer may hold in the escrow account?
A servicer's annual escrow analysis shows a $75 surplus, and the borrower is current on the loan. What must the servicer do?

TILA & Regulation Z

TRID: Loan Estimate & Closing Disclosure

Ability to Repay, QM & LO Compensation

ECOA, Fair Housing & HMDA

Privacy, Marketing, AML & Other Federal Laws

SAFE Act, NMLS & Licensing

State Regulation & Compliance

Qualified & Non-Qualified Loan Programs

Mortgage Products & Industry Terms

Loan Inquiry & Application

Qualification: Processing & Underwriting

Closing & Funding

Financial Calculations

Fraud, Red Flags & Predatory Lending

Ethical Conduct, Fair Lending & Advertising

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Original study material mapped to the public NMLS Content Outline. Not affiliated with or endorsed by NMLS, CSBS or SRR.