Free Practice NMLS MLO Exam Questions 2025

Stay ahead with 100% Free Mortgage Loan Origination (SAFE MLO) Exam MLO Dumps Practice Questions

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Total 122 Questions | Updated On: Jun 04, 2025

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Question 1

Under the TILA-RESPA Integrated Disclosure rule (TRID), what is the minimum time period that must pass between a borrower's receipt of a Loan Estimate and the closing of a mortgage loan?

A : 7 business days

B : 15 business days

C : 30 business days

D : 45 calendar days

Answer: A

Question 2

A woman and her son meet with a mortgage loan originator (MLO) about refinancing the mother's home. During the meeting, the MLO senses that the mother is against the transaction and may be being unfairly coerced into the procedure. In which of the following ways should the MLO proceed?

A : Ask to speak to the mother privately to inquire whether she Is a willing participant in the transaction

B : [Consider the issue to be a private family matter and proceed with the next steps in the application process

C : Suggest that the son be listed as a co-borrower on the mortgage to ensure he assumes part of the risk of the loan

D : Tell the mother that she needs to sign a power of attorney so that her son may complete the transaction on her behalf

Answer: A

Question 3

A licensed mortgage loan originator (MLO) sharing his commission with another licensed MLO at his company for actual services performed on a loan is considered which of the following terms?

A : Tip sharing

B : Fee splitting

C : Single fee method

D : Double fee method

Answer: B

Question 4

Under the TILA-RESPA Integrated Disclosure rule (TRID), what is the minimum time period that must pass between a borrower's receipt of a Loan Estimate and the closing of a mortgage loan?

A : 7 business days

B : 15 business days

C : 30 business days

D : 45 calendar days

Answer: A

Question 5

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 : Disclosure of gift funds

C : Parental loans disclosed but not yet received

D : Borrower's receipt of a large bonus from an employer

Answer: A

Page: 1 / 25

Total 122 Questions | Updated On: Jun 04, 2025

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