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The Act requires all MLOs seeking state-licensure to pass the NMLS-developed SAFE Mortgage Loan Originator Test with a score of 75% or better. In addition to passing the SAFE test, all state-licensed loan originators must also satisfy a minimum 20-hour NMLS-Approved Pre-license Education requirement to become licensed under the Nationwide ...

Sample Practice Test. 1. The Real Estate Settlement Procedures Act (RESPA) is also known as. A. Regulation B. B. Regulation C. C. Regulation X. D. Regulation Z. 2.The sales price of a home is $100,000 on a 90% LTV 30-year fixed mortgage. Fannie Mae/Freddie Mac requires 25% coverage, giving us a rate of 0.62%.

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PLATINUM: Mortgage Exam Prep Suite with Prep xL Personalized Learning (OSP) 111 reviews. Practice questions, simulated exams, flashcards and more. $199.00. Add to Cart. SKU 43040000000001. You'll Receive. 1800+ questions. 11 simulated practice exams.

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