Mortgage Loan Origination

Here you have the best NMLS MLO practice exam questions

  • You have 5 total questions to study from
  • Each page has 5 questions, making a total of 1 pages
  • You can navigate through the pages using the buttons at the bottom
  • This questions were last updated on November 13, 2025
  • This site is not affiliated with or endorsed by NMLS.
Question 1 of 5
After receiving a completed application for a creditor's approval of a counteroffer, the creditor must notify an applicant of action taken within how many calendar days?
    Correct Answer: C

Question 2 of 5
How many days before consummation must a borrower receive a revised Loan Estimate?
    Correct Answer: A

Question 3 of 5
How many days after loan consummation does a lender have to refund an excess charge subject to the 10% aggregate tolerance?
    Correct Answer: C

Question 4 of 5
According to the SAFE Act, which of the following activities requires licensure as a mortgage loan originator?
    Correct Answer: C

Question 5 of 5
Which of the following is not a primary function for compensation undertaken by a mortgage loan originator on an FHA loan?
    Correct Answer: A