VIP Exclusive
CMA Certified Mortgage Advisor VIP Practice Exam
CMA — The Certified Mortgage Advisor (CMA) designation is awarded by the National Association of Mortgage Advisors (NAMA); the exam covers federal mortgage law, loan products, underwriting, ethics, and closing procedures and is typically 100–125 questions with a 75% passing threshold.
56
Questions
190m
Time Limit
75.00%
To Pass
Question 1 of 56👑 VIP
A borrower is applying for a conventional mortgage. Their gross monthly income is $7,200, and their proposed housing payment (PITI) is $1,980. They also carry a $420 monthly car payment and $150 in minimum credit card payments. What is their back-end debt-to-income (DTI) ratio, and does it meet standard conventional guidelines?
Questions 2–56 and full explanations are VIP-exclusive.