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Last Updated: Aug 25, 2026

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NMLS MLO Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Mortgage Loan Origination Activities27%- Loan programs and product types
- Loan application process
- Borrower qualification and underwriting basics
- Closing and post-closing procedures
Topic 2: Uniform State Content11%- License maintenance and renewal
- Compliance and disciplinary standards
- State licensing and regulatory requirements
Topic 3: Federal Mortgage-Related Laws24%- SAFE Act and federal regulatory framework
- TILA, RESPA, ECOA, HMDA, FCRA
- Disclosure requirements and timing
- Fair lending and consumer protection rules
Topic 4: General Mortgage Knowledge20%- Fixed-rate vs adjustable-rate mortgages
- Mortgage terms, concepts and calculations
- Conventional, FHA, VA, USDA loan characteristics
- LTV, DTI, CLTV, PMI, points and fees
Topic 5: Ethics18%- Fair lending and anti-discrimination
- Ethical practices and professional conduct
- Conflict of interest and disclosure obligations
- Fraud prevention and detection

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question 1

Which of the following circumstances may indicate fraud with respect to the assets a borrower will use for closing?

A. Bank deposits that are not supported by income or other disclosures
B. Borrower's receipt of a large bonus from an employer
C. Disclosure of gift funds
D. Parental loans disclosed but not yet received


Question 2

How many days must a borrower's mortgage loan be delinquent before the mortgage company is permitted to submit the first notice filing in the foreclosure process?

A. 120 days
B. 60 days
C. 30 days
D. 90 days


Question 3

According to the Truth in Lending Act (TILA), which of the following advertising statements does not require additional disclosures to supplement the advertisement?

A. "Payments as low as $600 for a $100,000 mortgage"
B. "15-year and 30-year mortgages available"
C. "Only 1 point up front to get you in a home"
D. "Come in today for your free consultation"


Question 4

What is the maximum APR that will qualify as a Safe Harbor qualified mortgage?

A. An APR equal to or less than the average prime offer rate (APOR)
B. An APR less than the APOR + 1.0%
C. An APR less than the APOR + 2.5%
D. An APR less than the APOR + 1.5%


Question 5

Which of the following responses describes servicing transfers?

A. The transfer of the responsibility to collect payments on the loan from one lender to another
B. The transfer of the processing of a loan to an independent service provider such as a contract processing provider
C. The transfer of an appraisal from one lender to another
D. The transfer of a HUD case number from one lender to another


Solutions:

Question 1
Answer: A
Question 2
Answer: A
Question 3
Answer: D
Question 4
Answer: D
Question 5
Answer: A

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