Free MLO: Mortgage Loan Origination (SAFE MLO) Exam Questions and Answers
Mortgage Loan Origination (SAFE MLO) Exam is an NMLS certification exam. This page has free MLO practice questions with answers and explanations, set out the way the real exam asks them, plus a timed MLO practice test that scores you against the pass mark.
Candidates comparing MLO exam dumps, ExamTopics and other MLO practice tests use this page for the answers and explanations behind each question. Download the free MLO PDF, then sit the timed MLO exam simulation before booking with NMLS.
Last updated: October 3, 2026
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Question #2
According to Fannie Mae, a loan with a purchase transaction loan amount of $160,000, sales price of $180,000, and an appraised value of $200,000 has a loan-to- value ratio of what percentage?
Correct answer: C
Explanation
Fannie Mae divides the loan amount by the lesser of the sales price ($180,000) or the appraised value, so 160,000 / 180,000 = 88.9%, which rounds up to 89%. Using the appraised value would wrongly give 80%.
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FAQ
- Q1: What is the MLO: Mortgage Loan Origination (SAFE MLO) Exam exam?
- A: MLO: Mortgage Loan Origination (SAFE MLO) Exam is a NMLS certification exam. Judging by the questions in our bank, it concentrates on borrower, loan, mortgage, originator and refinance.
- Q2: What topics does the MLO: Mortgage Loan Origination (SAFE MLO) Exam exam cover?
- A: Questions in our MLO: Mortgage Loan Origination (SAFE MLO) Exam bank cluster around borrower, loan, mortgage, originator, refinance, lender, creditor and consumer. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for MLO: Mortgage Loan Origination (SAFE MLO) Exam?
- A: Work through the MLO: Mortgage Loan Origination (SAFE MLO) Exam practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real MLO: Mortgage Loan Origination (SAFE MLO) Exam exam questions?
- A: They are drawn from officially released past questions and from community members who have sat MLO: Mortgage Loan Origination (SAFE MLO) Exam. Answers are verified and updated weekly.
- Q5: Where do I register for the MLO: Mortgage Loan Origination (SAFE MLO) Exam exam?
- A: Register through NMLS directly. Exampractice is not affiliated with NMLS and does not administer the exam.
- Q6: Is there a free MLO: Mortgage Loan Origination (SAFE MLO) Exam sample?
- A: Yes. Every MLO: Mortgage Loan Origination (SAFE MLO) Exam page shows a free sample of real questions. Upgrading opens the full bank and the practice test.