The SAFE Mortgage Loan Originator National
Liberty University
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SAFE TEST| 327 questions| with complete solutions
- Exam (elaborations) • 24 pages • 2023
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1) Mortgage loan fraud is reported at what level? correct answer: Federal 
 
2) Title V of the Housing and Economic Recovery Act (HERA) of 2008 is best known as: correct answer: SAFE ACT 
 
3) The Nationwide Mortgage Licensing System & Registry (NMLS) was begun by which of the following organizations: correct answer: CSBS and AARMR 
 
4) The NMLS online system was built and is maintained by which of the following organizations: correct answer: FINRA 
 
7) Which of the following agencies revi...
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The SAFE Mortgage Loan Originator National Exam Study Guide practice exam 2 | 100 Questions | 100% Correct Answers
- Exam (elaborations) • 7 pages • 2022
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1. Which of the following is NOT a loan origination activity? - C. Assisting in a loan 
modification 
2. A unilateral contract is binding on: - A. One party 
3. Loan originator organizations must keep compensation records for how many years? 
- C. Three 
4. Mortgage companies must submit a residential loan origination activity report to the 
NMLSR every: - B. Three months 
5. How many years must loan originator applicants wait after a felony fraud conviction, 
in order to qualify for a license? ...
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