MLO試験無料問題集（123題）「NMLS Mortgage Loan Origination (SAFE MLO) 認定」

出題：1

An individual who is a loan processor or underwriter must maintain a state originator license if they:

A. are an employee of a loan processing or underwriting company that supports a mortgage broker/lender and only perform supervised clerical duties.

B. perform clerical duties for a mortgage lender as a supervised employee

C. are not in communication with the consumer to obtain mortgage loan information.

D. are an independent contractor and collect, receive or distribute information in connection with making a credit decision.

正解：D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：2

Offering or negotiating the terms of a loan includes which of the following actions?

A. Making an underwriting decision about whether an applicant qualifies for a loan

B. Providing general explanations or descriptions in response to a consumer's inquiry

C. Presenting particular loan terms to an applicant verbally, in writing, or otherwise

D. Arranging the loan closing or other aspects of the loan process

正解：C 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：3

When preparing a corrected Closing Disclosure, under which of the following conditions is a three-day waiting period required before a loan consummation?

A. The addition of a prepayment penalty

B. If the APR changes within the acceptable tolerance

C. The addition of an escrow account

D. If a revision is needed to the consumer's contact Information

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：4

A mortgage loan originator (MLO) is in the process of taking an application for a 30-year mortgage, and the borrowers are over 72 years old. Which of the following actions must the MLO take?

A. The MLO must inquire about the ability to repay in the event of a borrower's death.

B. The MLO must present them with a reverse mortqaqe.

C. The MLO must present them with a home equity line of credit (HELOC).

D. The MLO must complete the application and proceed as normal.

正解：D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：5

Which of the following acts requires mortgage loan originators to complete annual continuing education to satisfy the requirement for licensure?

A. The Dodd-Frank Act

B. The Truth in Lending Act (TILA)

C. The Equal Credit Opportunity Act

D. The SAFE Act

正解：D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：6

Maximum available flood insurance structure coverage for a residential property from the National Flood Insurance Program is what amount?

A. £500,000

B. £250,000

C. $1,000,000

D. $750,000

正解：B 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：7

Which of the following circumstances may indicate fraud with respect to the assets a borrower will use for closing?

A. Bank deposits that are not supported by income or other disclosures

B. Borrower's receipt of a large bonus from an employer

C. Disclosure of gift funds

D. Parental loans disclosed but not yet received

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：8

A mortgage loan originator (MLO) takes an application for a borrower who is obtaining an owner-occupied maximum amount refinance loan. The borrower also asks for a loan application for a new house that they are purchasing that will not be finished until 60 days after the refinance loan closes. Although the MLO advises the borrower that the terms of the refinance loan require that they occupy the property for 12 months, the borrower says that the new purchase loan will not close until after the refinance loan has closed. The MLO must:

A. advise the borrower that the MLO can do the refinance loan as a non-owner-occupied loan and the purchase loan as an owner-occupied loan.

B. refer the borrower to another lender for the purchase loan so that the MLO is permitted to get a commission on the refinance loan.

C. take both applications and do one loan "in house" and broker the second loan to another lender.

D. refer the purchase loan to another MLO in their company to obtain a referral fee.

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：9

During the loan application process, which of the following documents specifies the time period that a mortgage lender agrees to hold the mortgage interest rate at a certain percentage?

A. Loan application

B. Preapproval letter

C. Closing Disclosure

D. Rate lock agreement

正解：D 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：10

How often must a nonexempt telemarketing entity check their call list against the National Do Not Call Registry?

A. Every 31 days

B. Every 7 days

C. Annually

D. Every 2 weeks

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

MLO試験無料問題集「NMLS Mortgage Loan Origination (SAFE MLO) 認定」