UST Test EXAM Questions and answers 2025.

UST Test EXAM Questions and answers
2025




A ,mortgage ,broker ,is ,prohibited ,from ,recording ,a ,mortgage ,or ,deed ,of ,trust ,for
,which ,the ,backing ,money ,is ,not ,immediately ,available ,to ,the ,mortgagor,
,unless:
(A) ,the ,broker ,gets ,written ,authorization ,from ,the ,superintendent
(B) ,before ,recording ,the ,mortgage ,or ,deed, ,the ,broker ,notifies ,the ,mortgagor ,of
,a ,definite ,date ,when ,the ,payment ,will ,be ,made ,and ,gets ,written ,permission
,from ,the ,mortgagor
(C) ,the ,broker ,gets ,written ,permission ,from ,the ,escrow ,agent, ,the ,mortgagor,
,and ,the ,superintendent ,by ,supplying ,a ,good ,faith ,reason ,for ,the ,delay
(D) ,before ,recording ,the ,mortgage ,or ,deed, ,the ,broker ,and ,the ,mortgagor
,verbally ,agree ,to ,the ,delay ,- ,CORRECT ,ANSWER-(B) ,before ,recording ,the
,mortgage ,or ,deed, ,the ,broker ,notifies ,the ,mortgagor ,of ,a ,definite ,date ,when
,the ,payment ,will ,be ,made ,and ,gets ,written ,permission ,from ,the ,mortgagor




What ,is ,used ,to ,permanently ,identify ,an ,MLO?
(A) ,social ,security ,number
(B) ,driver's ,license ,number
(C) ,unique ,identifier
(D) ,birth ,date ,- ,CORRECT ,ANSWER-(C) ,unique ,identifier


Contract ,processors ,and ,underwriters ,licensed ,as ,an ,MLO ,may ,work ,for ,how
,many ,entities?
(A) ,2
(B) ,as ,many ,as ,they ,want
(C) ,only ,1
(D) ,1 ,licensed ,entity ,and ,1 ,registered ,entity ,- ,CORRECT ,ANSWER-(B) ,as ,many
,as ,they ,want

, Job ,functions ,such ,as ,taking ,residential ,mortgage ,loan ,applications ,or ,offering
,or ,negotiating ,terms ,of ,a ,residential ,mortgage ,loan ,for ,compensation ,or ,gain,
,represent ,the ,functions ,of ,which ,person ,in ,the ,mortgage ,industry?
(A) ,MLO
(B) ,processor
(C) ,underwriter
(D) ,closing ,agent ,- ,CORRECT ,ANSWER-(A) ,MLO


An ,entity ,will ,be ,granted ,a ,loan ,originator's ,license ,if:
(A) ,the ,entity's ,responsible ,individual ,satisfies ,the ,requirements ,for ,becoming ,a
,loan ,originator
(B) ,the ,entity's ,responsible ,individual ,passes ,the ,originator's ,exam
(C) ,the ,entity ,pays ,the ,required ,application ,fee
(D) ,an ,entity ,cannot ,be ,granted ,a ,loan ,originator ,license ,no ,matter ,what ,it ,does
,- ,CORRECT ,ANSWER-(D) ,an ,entity ,cannot ,be ,granted ,a ,loan ,originator ,license
,no ,matter ,what ,it ,does




Which ,of ,the ,following ,would ,be ,a ,prohibited ,act ,under ,the ,SAFE ,Act?
(A) ,require ,a ,borrower ,to ,enter ,a ,"best ,efforts" ,contract
(B) ,misleading ,borrowers
(C) ,deploying ,a ,scheme
(D) ,all ,of ,the ,above ,- ,CORRECT ,ANSWER-(D) ,all ,of ,the ,above


How ,long ,after ,an ,MLO ,fails ,to ,maintain ,a ,valid ,license ,must ,they ,retake ,the
,test?
(A) ,1 ,year
(B) ,3 ,years
(C) ,2 ,years
(D) ,5 ,years ,- ,CORRECT ,ANSWER-(D) ,5 ,years


Those ,seeking ,to ,license ,as ,an ,MLO ,must ,complete ,a ,minimum ,of ,____ ,hours
,of ,pre-licensing ,education.
(A) ,2
(B) ,8
(C) ,20
(D) ,depends ,on ,the ,state ,- ,CORRECT ,ANSWER-(C) ,20


How ,long ,is ,the ,waiting ,period ,for ,a ,person ,who ,seeks ,to ,license ,as ,an ,MLO ,if
,a ,prior ,felony ,was ,pardoned?
(A) ,1 ,year
(B) ,7 ,years