SAFE MLO EXAM |ACTUAL QUESTIONS AND VERIFIED ANSWERS |LATEST 2026/2027 UPDATE|GRADED A+

SAFE MLO EXAM |ACTUAL QUESTIONS AND
VERIFIED ANSWERS |LATEST 2026/2027
UPDATE|GRADED A+
Question 1

Which is not a purpose for the Mortgage Servicing Disclosure Statement?



A) To inform the consumer the likelihood that the mortgage could be sold

B) To inform the consumer the likelihood that the servicing of the mortgage will be sold

C) To explain the resolution of "servicing complaints" required by law

D) To disclose the percentages of the loan closings this lender has serviced in the last three
years

ANSWER

A) To inform the consumer the likelihood that the mortgage could be sold




Question 2

Which act establishes disclosure requirements and prohibits equity stripping and other
abusive practices in connection with "high cost" mortgages?



A) HMDA

B) HPA

C) HOEPA

D) CRA

ANSWER

C) HOEPA




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, Question 3

The term "20 basis points" expressed as a percentage is



A) .20%

B) .02%

C) 2.00%

D) 20.00%

ANSWER

A) .20%




Question 4

What does a loan originator use to determine the estimated value of a property based on an
analytical comparison of similar property sales?



A) An area survey

B) A market survey

C) An appraisal

D) A cost-benefit analysis

ANSWER

C) An appraisal




Question 5

The Fraud Enforcement and Recovery Act was adopted by Congress in 2009 to



A) Respond to the rising incidence of foreclosure scams



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@THE STUDY VAULT