NMLS test questions

The best NMLS test questions to study for the national component test is simple. Study the ones that are on the test. See why these NMLS test questions are different. See how the national test prep prepares you to pass the test that has over a 30% fail. Why do they fail not because they completed there 20 hour pre-licensing education, not because they used a study guide, not because they took practice tests. Answer questions and material didn’t meet the toughest testing in the mortgage industry. These NMLS test questions are continually updated to help you pass. See how easy it can be to pass. No need to stress. This test prep works read the reviews. Loan officer after loan officer, manager after manager, compliance officer after compliance officer, and owner after owner purchase their national test prep through us.

DescriptionPrice Add to Cart
NMLS Test Practice Exam

Expires: 90 days
$49

$39
NMLS Test Prep – Full Webinar Access for 90 Days

Expires: 90 days
$49

$39
NMLS Test Prep – Federal Law Intensive

Expires: 90 days
$69

$55
NMLS Test Prep – General Study

Expires: 90 days
$99

$79
NMLS Test Prep Comprehensive

Expires: 120 days
$149

$119
NMLS Test Prep with Webinar Access Intensive

Expires: 120 days
$199

$159


Sample Of The Intensive NMLS Test Prep Package:
A1 – Webinar Access: Core courses including Federal Law, Ethics,
Nontraditional Loans, Loan Basics and FHA
FedLaw100 – Federal Law 100 – TILA
FedLaw200 – Federal Law 200 – RESPA and SAFE
FedLaw300 – Federal Law 300 – Credit and Information
FHA100 – Introduction to FHA
S 5 – Lead Sheet and Information you Need on Every Loan
S 6 – Loan Application in Detail
S 7 – Credit Reports
S 8 – Appraisals
S10 – Title Insurance
S13 – Mortgage Loan Processing
S15 – Mortgage Loan Submission
S16 – The Closing
S20 – Calculating Loan To Value and Debt To Income Ratios
S34 – Alt 200 – Nontraditional Mortgages ARMs and IOs
S35 – Alt 300 – Nontraditional Mortgages Fixed Rate
S36 – Ethics 100 – Ethics, Fair Lending and Fraud
S37 – Loans100 – Loan Basics
VA-101 – Basics of VA Lending
Along with 1000s of questions and hundreds of pages of material, This course comes with unlimited access to our core live instructor webinars. No other provider gives you that much in the way of test preparation.

This Course is a Comprehensive Test-Prep for the SAFE Required National Exam. Why not get all the help you can to prepare!

It includes:

Comprehensive Coursework that follows the national exam outline
Unlimited practice tests from our database of over 1000 questions!
Unlimited access to our CORE course webinars
Hundreds of pages of materials well-organized into over 80 lessons
Each question you answer incorrectly links to the section where you can get the answer!

NOTE: This course will help you pass the exam, but does not satisfy the education prerequisite

SAFE Mortgage Loan Originator Test — National Component
Content Outline
(90 scored test questions; 10 unscored test questions)
March 6, 2009

I. Federal mortgage-related laws (35%)

A. RESPA
B. Equal Credit Opportunity Act (Reg. B)
C. Truth-in-Lending Act (Reg. Z and HOEPA)
D. SAFE Act
E. Other Federal laws and guidelines
1. Home Mortgage Disclosure Act (HMDA)
2. Fair Credit Reporting Act
3. Privacy protection / Do Not Call
4. FTC Red Flag Rules (Fair and Accurate Credit Transactions Act of 2003)
II. General mortgage knowledge (25%)

A. Mortgage programs
1. Conventional/conforming
2. Government (FHA, VA, USDA)
3. Conventional/nonconforming (Jumbo, Alt-A, etc.)
a. Statement on Subprime Lending
b. Guidance on Nontraditional Mortgage Product Risk
B. Mortgage loan products
1. Fixed
2. Adjustable
3. Balloon
4. Other (home equity [fixed and line of credit], construction, reverse mortgage, interest-only)
C. Terms used in the operation of the mortgage market
1. Loan terms
2. Disclosure terms
3. Financial terms
4. General terms
III. Mortgage loan origination activities (25%)

A. Application information and requirements
1. Application accuracy (truthfulness) and required information (e.g., 1003)
a. Customer
b. Loan originator
c. Verification and documentation
2. Suitability of products and programs
3. Disclosures
a. Accuracy
b. Timing
B. Qualification: processing and underwriting
1. Borrower analysis
a. Assets
b. Liabilities
c. Income
d. Credit report
e. Qualifying ratios (e.g. housing, debt-to-income, loan-to-value)
2. Appraisals
3. Title report
4. Insurance: hazard, flood, and mortgage
C. Specific program guidelines
1. VA, FHA, USDA
2. Fannie Mae, Freddie Mac
3. Other (e.g., Mortgage insurance, HUD)
D. Closing
1. Title and title insurance
2. Closing agent
3. Explanation of Fees
4. Explanation of Documents
5. Funding
E. Financial calculations used in mortgage lending
1. Interest per diem
2. Payments (principal, interest, taxes, and insurance; mortgage insurance, if applicable)
3. Down payment
4. Loan-to-value (loan-to-value, combined loan-to-value, total loan-to-value)
5. Debt-to-income Ratios
6. Temporary and Fixed interest rate buy-down (discount points)
7. Closing costs and prepaid items
8. ARMs (eg., fully indexed rate)
IV. Ethics (15%)

A. RESPA
B. Gramm-Leach-Bliley Act
C. Truth-in-Lending Act
D. Equal Credit Opportunity Act
E. Appraisal
F. Fraud detection, reporting, and prevention
G. Ethical behavior
1. Consumers
2. Appraisers
3. Underwriting

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