最新的SAFE MLO認證 MLO考試題庫

問題1

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 a witness in a trial at which the defendant was convicted of felony fraud.

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 subject to a court order for payment of child support.

正確答案: C

說明：（僅 VCESoft 成員可見）

問題2

Which of the following entities is the primary regulatory authority for state-licensed, non-depository lenders?

A. The Conference of State Bank Supervisors

B. A state regulator

C. The Federal Trade Commission

D. NMLS

正確答案: B

說明：（僅 VCESoft 成員可見）

問題3

A creditor receives an application with all the required pieces of information but wants to have additional information to determine a borrower's qualifications for a loan. Which of the following actions is most compliant with industry regulations?

A. Carefully document attempts to obtain the necessary additional information from the consumer to show why the decision to hold further processing was made

B. Provide a fees worksheet, a Falr Lending Disclosure and an Equal Credit Opportunity Act (ECOA) form to the consumer, waiting until the additional necessary information is obtained to Issue the balance of required disclosures

C. Consider the application incomplete and put initial processing on hold until the additional information is received

D. Provide timely initial disclosures to the consumer even though the requested information when received may reflect that the initially disclosed figures are outdated

正確答案: D

說明：（僅 VCESoft 成員可見）

問題4

A veteran borrower obtains a VA loan to purchase a property for $200,000 and opts to finance the entire purchase price plus the VA funding fee of 2.15%. The initial payment for principal and interest will be calculated based on a loan amount of:

A. $204,300 plus lender's attorney fees

B. $204,300

C. $200,000

D. $200,000 plus lender's attorney fees

正確答案: B

說明：（僅 VCESoft 成員可見）

問題5

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

A. 90 days

B. 60 days

C. 45 days

D. 50 days

正確答案: B

說明：（僅 VCESoft 成員可見）

問題6

Which of the following duties requires licensure under the SAFE Act?

A. An individual who performs administrative or clerical tasks on behalf of a mortgage loan originator

B. An individual who offers or negotiates terms of a residential mortgage loan for compensation or gain

C. A licensed and registered real estate broker performing real estate brokerage activities

D. An individual who performs processing and underwriting duties at the direction of and subject to the supervision of a licensed individual

正確答案: B

說明：（僅 VCESoft 成員可見）

問題7

A 7.25% interest-only loan has an initial balance of $239,500.00. The annual homeowner's insurance premium is $551.00, and the annual property taxes are $1,773.00. What is the total monthly payment, including the escrow?

A. $1,701.29

B. $1,640.65

C. $1,446.98

D. $1,584.65

正確答案: D

說明：（僅 VCESoft 成員可見）

問題8

Which of the following activities is a function of the Consumer Financial Protection Bureau (CFPB)?

A. Deciding what quantity of mortgage-backed securities are purchased by the government

B. Regulating mortgage lenders on their mortgage origination practices and procedures

C. Regulating the federal funds rate at which money is lent to banks

D. Regulating the number of mortgage loan originators in the mortgage industry

正確答案: B

說明：（僅 VCESoft 成員可見）

問題9

When a mortgage loan originator notices multiple Social Security number discrepancies within the same loan file, it is considered a red flag of:

A. fair lending.

B. a forgetful borrower.

C. pricing discrepancies.

D. mortgage fraud.

正確答案: D

說明：（僅 VCESoft 成員可見）

問題10

Which of the following actions should a mortgage loan originator (MLO) take if a real estate broker offers the MLO $500 to obtain a purchase-money mortgage for the real estate broker's client?

A. Apply the $500 towards the downpayment

B. Receive the $500 fee and include it on the Closinq Disclosure

C. Decline the money

D. Accept the money after obtaining the requested loan for the client

正確答案: C

說明：（僅 VCESoft 成員可見）

問題11

How long does Regulation Z of the Truth in Lending Act (TILA) require a mortgage company to retain the Closing Disclosure for a closed mortgage loan?

A. 5 years

B. 2 years

C. 3 years

D. 4 years

正確答案: A

說明：（僅 VCESoft 成員可見）

問題12

According to Federal Reserve Regulation Z, which of the following fees is a finance charge in a residential mortgage transaction?

A. Title Insurance

B. Notary

C. Credit report

D. Interest

正確答案: D

說明：（僅 VCESoft 成員可見）

問題13

Which of the following responses best describes redlining?

A. The identification of locations in which the lender will not lend

B. The identification of minority census tracts

C. The identification of low and moderate income census tracts

D. The analysis of the points and fees charged on loan transactions

正確答案: A

說明：（僅 VCESoft 成員可見）

問題14

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 complete the application and proceed as normal.

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

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

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

正確答案: A

說明：（僅 VCESoft 成員可見）

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