Nationwide Multistate Licensing System
5 topics · 540 questions
Federal mortgage law, state licensing rules, loan products, origination, and ethics.
The Nationwide Multistate Licensing System is used by state agencies to license mortgage loan originators. FreeExam is not affiliated with the State Regulatory Registry, the Conference of State Bank Supervisors, or any state regulator, and these questions are original practice, not an official test.
Mortgage Loan Originator Ethics
Steering, fair lending, advertising, privacy, and the schemes that misuse a loan file.
108 questions · about 54 minutes
Mortgage Loan Originator Federal Mortgage-Related Laws
RESPA, ECOA, TILA, TRID, and the other federal rules that govern a residential application.
108 questions · about 54 minutes
Mortgage Loan Originator General Mortgage Knowledge
Conventional, FHA, VA, and USDA loans, adjustable rates, and the ratios that describe them.
108 questions · about 54 minutes
Mortgage Loan Originator Origination Activities
The application, verifications, locking a rate, underwriting ratios, and the path to closing.
108 questions · about 54 minutes
Mortgage Loan Originator Uniform State Content
Licensing, the unique identifier, education hours, and what a state regulator can do.
108 questions · about 54 minutes