Steve Taylor Steve Taylor's Profile Page

Steve Taylor Steve Taylor

0 Course Enrolled • 0 Course Completed

Biography

MLO Reliable Test Cost, MLO Valid Exam Simulator

PrepAwayETE provide you with 100% free up-dated MLO study material for 356 days after complete purchase. The MLO updated dumps reflects any changes related to the actual test. With our MLO torrent dumps, you can be confident to face any challenge in the actual test. Besides, we make your investment secure with the full refund policy. You do not need to run the risk of losing money in case of failure of MLO test. You can require for money back according to our policy.

PrepAwayETE has come up with the latest and real NMLS MLO Exam Dumps that can solve these drastic problems for you. We guarantee that these questions will be enough for you to clear the Mortgage Loan Origination (SAFE MLO) Exam (MLO) examination on the first attempt. Doubtlessly, cracking the MLO test of the MLO credential is one tough task but this task can be made easier if you prepare with MLO practice questions of PrepAwayETE. Keeping in view different preparation styles of Mortgage Loan Origination (SAFE MLO) Exam (MLO) test applicant PrepAwayETE has designed three easy-to-use formats for its product.

>> MLO Reliable Test Cost <<

Valid NMLS MLO Questions: 100% Authentic [2025]

Do you want to double your salary in a short time? Yes, it is not a dream. Our MLO latest study guide can help you. IT field is becoming competitive; a NMLS certification can help you do that. If you get a certification with our MLO latest study guide, maybe your career will change. A useful certification will bring you much outstanding advantage when you apply for any jobs about NMLS company or products. Just only dozens of money on MLO Latest Study Guide will assist you 100% pass exam and 24-hours worm aid service.

NMLS Mortgage Loan Origination (SAFE MLO) Exam Sample Questions (Q66-Q71):

NEW QUESTION # 66
It is acceptable for a lender to request a co-applicant in which of the following situations?

A. The borrower will not qualify for the loan on their own.
B. The co-applicant is gifting money to the borrower to make a down payment on a purchase-money mortgage
C. The borrower's future income is dependent on the co-applicant.
D. The co-applicant will be residing in the house with the borrower.

Answer: A

Explanation:
It is acceptable for a lender to request a co-applicant if the borrower will not qualify for the loan on their own based on their income, credit score, or other financial factors. A co-applicant, such as a spouse or family member, can help strengthen the application by adding additional income or improving the credit profile, which may help the borrower meet the lender's qualification requirements.
* Other situations (B, C, D) such as future income, residency, or gifting funds do not necessarily require a co-applicant and are not acceptable reasons to mandate one.
References:
* Equal Credit Opportunity Act (ECOA), 12 CFR Part 1002
* Fannie Mae Selling Guide on co-borrowers

NEW QUESTION # 67
Which of the following is an origination fee?

A. Prepaid Interest fee
B. Title insurance fee
C. Underwriting fee
D. Appraisal fee

Answer: C

Explanation:
An underwriting fee is considered an origination fee because it is a charge for the lender's services in processing and evaluating the mortgage application. Origination fees include any fees associated with creating and underwriting the loan.
* Appraisal fees (A), title insurance fees (C), and prepaid interest fees (D) are not considered origination fees; they are separate charges related to third-party services or pre-paid interest.
References:
* TILA-RESPA Integrated Disclosure Rule (TRID)
* CFPB Mortgage Origination Fee Guidelines

NEW QUESTION # 68
How many days after loan consummation does a lender have to refund an excess charge subject to the 10% aggregate tolerance?

A. 60 days
B. 45 days
C. 50 days
D. 90 days

Answer: A

Explanation:
Under TILA-RESPA Integrated Disclosure (TRID) rules, if a lender overcharges the borrower by more than the allowable 10% aggregate tolerance on certain closing costs, the lender must refund the excess amount to the borrower within 60 days of loan consummation. The 10% tolerance applies to certain fees like title insurance and government recording fees, ensuring that the lender provides accurate estimates on the Loan Estimate (LE) and does not exceed allowable variances at closing.
References:
* TILA-RESPA Integrated Disclosure Rule (TRID), 12 CFR §1026.19(f)
* CFPB Guidelines on refund timelines

NEW QUESTION # 69
A borrower has told the mortgage loan originator that they had recently paid off an account that was listed on their credit report. Which of the following information will they need to provide the lender to prove the account has been paid off?

A. An updated statement showing a zero balance
B. A letter from the borrower explaining that they paid it off
C. Oral confirmation from the borrower
D. No additional information required

Answer: A

Explanation:
To prove that an account listed on a credit report has been paid off, the borrower must provide an updated statement showing a zero balance. This is the most direct and verifiable method for a lender to confirm the account has been settled.
* Oral confirmation (A) or a letter from the borrower (C) are not acceptable documentation, as they lack third-party verification.
* No further documentation would be required if the credit report already reflects the zero balance, but until then, updated documentation is necessary.
References:
* Fair Credit Reporting Act (FCRA)
* Standard mortgage underwriting documentation guidelines

NEW QUESTION # 70
Upon becoming employed by a state-licensed mortgage company, an individual who works for a depository institution as a mortgage loan originator (MLO) shall not be deemed to have temporary authority to act as an MLO in an application state if which of the following events has occurred?

A. The individual has submitted an application to be a state-licensed MLO in the application state and was registered in the NMLS as an MLO by the prior employer.
B. The individual has been subject to a court order for payment of child support.
C. The individual had an application for an MLO license denied or an MLO license revoked or suspended in any Governmental jurisdiction.
D. The individual has been a witness in a trial at which the defendant was convicted of felony fraud.

Answer: C

Explanation:
An individual who had their MLO license application denied, or had a license revoked or suspended in any governmental jurisdiction, is not eligible for temporary authority to act as a mortgage loan originator (MLO) under the SAFE Act. Temporary authority allows registered MLOs who move to a state-licensed mortgage company to act as MLOs while their application for a state license is being processed. However, individuals with disqualifying events, such as prior license denial or revocation, lose this privilege.
Other options:
* Court orders for child support (B) and being a witness in a trial (A) do not disqualify individuals from obtaining temporary authority.
References:
* SAFE Act, 12 USC §5101
* NMLS Temporary Authority to Operate Guidelines

NEW QUESTION # 71
......

If you want to advance in this fast-growing technological world, NMLS MLO certification is a must. Yet, the common problem the aspiring candidates undergo is seeking updated, authentic, and trustworthy NMLS MLO Dumps for the most cherished MLO certification exam.

MLO Valid Exam Simulator: https://www.prepawayete.com/NMLS/MLO-practice-exam-dumps.html

NMLS MLO Reliable Test Cost High-quality exam materials, You're not alone, NMLS MLO Reliable Test Cost To the contrary, you will have clear thoughts for your test, At present, not so many companies can provide value-added services of the MLO latest questions because of lack of money, We are facilitating the customers for the NMLS MLO preparation with the advanced preparatory tools.

If you enjoy taking photos with your iPhone or iPad, or viewing MLO and editing digital images on your iOS device, iPhoto from Apple is a must have" app, Beyond AppleScript: Using Services.

High-quality exam materials, You're not alone, To the contrary, you will have clear thoughts for your test, At present, not so many companies can provide value-added services of the MLO Latest Questions because of lack of money.

Pass Guaranteed Quiz 2025 NMLS MLO: Mortgage Loan Origination (SAFE MLO) Exam – Efficient Reliable Test Cost

We are facilitating the customers for the NMLS MLO preparation with the advanced preparatory tools.