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SAFE MLO National VIP Certification Exam

Mortgage Loan Originator — This exam mirrors the SAFE Mortgage Loan Originator (MLO) National Test administered by the NMLS (Nationwide Multistate Licensing System & Registry), which consists of 125 questions (115 scored + 10 unscored pretest items), has a 190-minute time limit, and requires a 75% passing score; content domains include Federal Mortgage-Related Laws (23%), General Mortgage Knowledge (23%), Mortgage Loan Origination Activities (25%), Ethics (16%), and Uniform State Content (13%).

54
Questions
190m
Time Limit
75.00%
To Pass
Question 1 of 54👑 VIP

A borrower applies for a $320,000 conventional mortgage. The property appraises at $340,000 and the borrower puts down $48,000. What is the loan-to-value (LTV) ratio, and will private mortgage insurance (PMI) be required?

Questions 2–54 and full explanations are VIP-exclusive.