NMLS Practice TestAce The NMLS On First Try

The National Mortgage Licensing System is known as NMLS. It records license details for mortgage loan originators (MLO), which comprise lending and mortgage companies as well as the loan officers and advisors working for them. MLOs and underwriters collaborate to get borrowers approved for home loans. You can use the NMLS to look up loan officers and lenders and make sure their licenses are current and compliant with industry standards.

Through information sharing, the NMLS seeks to enhance communication between businesses and consumers and to encourage accountability within the mortgage industry. The Safe and Fair Enforcement for Mortgage Licensing Act of 2008, which mandates a national mortgage originator licensing and registration system, supports the NMLS. It is noteworthy to mention that the NMLS does not award or withhold licenses.

Common NMLS Tips

Indeed, it is renownedly tough to pass the National Mortgage Licensing System and Registry (NMLS) exam, also known as the national "Mortgage Loan Originator test." Our message is that you too can become a licensed professional, just like thousands of other MLOs, mortgage brokers, and loan officers who came before you if you have the correct training, the appropriate kind of practice, and an unwavering sense of perseverance. 

In fact, we are willing to bet that you will enjoy it. Since the foundation of our business as an MLO course provider is your success as a lender, we want to make sure you're as ready as possible for the test and for a successful career in the mortgage industry. With that in mind, here are some top tips to help you pass your first try: 

Recognize mortgage laws and regulations

It is essential to have a solid understanding of mortgage laws and regulations, whether for the exam or in real life. You risk losing money in the future, as well as your clients, if you break mortgage laws. MLOs are often subject to legal and financial liability for losses brought on by negligent or malicious business practices. 

Utilize the elimination process

One of the most common test-taking techniques has always been to use the process of elimination. Proceed to the remaining answers, eliminating the ones you are positive are incorrect. If you choose to skip the question and come back to it later, this will help you save time and improve your accuracy. Before taking the national exam, practice your skills on practice exams if you're still working on them.

The majority of the time, detailed or technical responses that provide additional information are accurate; however, if the response uses terminology or language that is unusual or unexpected, that may be cause for concern. Conversely, terms like "always," "never," "all," "none," and "every" are more frequently found in inaccurate responses. Naturally, this isn't always the case, so carefully read and draw your own conclusions. 

Recognize the NMLS Exam Breakdown

To complete the NMLS exam, which is 120 multiple-choice questions (115 scored questions and 5 unscored questions) covering a variety of topics, students pursuing an MLO license have 190 minutes. 

• Federal Laws Associated with Mortgages: 24%
• Uniform state content: 11%
• Knowledge of Mortgages in General: 20%
• Activity of Mortgage Loan Origination: 27%    
• Ethics: 18%

Attend an NMLS Test-Prep Course to practice

Although everyone has heard the saying "practice makes perfect," most people believe that practicing flawlessly is far more crucial. Along with making other test prep and study materials like practice exams or flashcards, you can increase your chances of passing the exam on your first try by spending time practicing at https://easy-prep.org/safe-mlo-practice-test-free-nmls. 

What Our NMLS Practice Test Includes

Let’s take an overview of our practice examination. 

Overall, when it comes to the homepage of our website, what catches your eyes, at first sight, are two main sections: “Practice NMLS Test By Topics” and “Take Full NMLS Practice Test”. To meet the learners’ needs, the former functions as learning materials that are categorized into different topics or domains covering nearly NMLS knowledge for practice. The latter mimics the real exam to check learners’ outcomes and create a chance for a mock test before taking the real one. 

Practice NMLS Test By Topics

The practice NMLS test includes a combination of practice questions. The series of questions are divided into 7 levels and 2 tests, divided into 2 stages. Stage 1 includes the first 3 levels and a mini-test. Stage 2 includes the remaining levels and a final test. Each level includes 10 multiple-choice questions. The mini-test consists of approximately 30 questions covering knowledge of the whole first stage. The final test normally includes roughly 70 questions covering knowledge of the whole topic. 

Remember! Our results recording system will notify you of the results you have achieved after your first attempt, for example, 6/10. However, you must answer all questions correctly to be allowed to move to the next level. Hence, you are allowed to do it again more than once and the false questions will automatically return until you correct all of them. Of course, if you are confident in any topic, you can skip levels and move to the mini-test or the final test immediately. You are considered to have passed the exams if your score is 75% or higher. 

An extremely appreciated feature of our website is that after each question in the practice section, learners will immediately know whether their results are correct or incorrect. Furthermore, there will be an extremely detailed explanation for the question, which is right below the question section.

Take the Full NMLS Practice Test

After practicing proficiently in the practice section introduced above, learners can choose a "full test" to check their current level. The NMLS mimics the real exam format.

The test includes 120 multiple-choice questions within 3 hours and 10 minutes. Contestants will take the test within the allotted time frame. The test is passed when the test taker answers 75% or more of the total questions correctly. It means that you are allowed to make a maximum of 30 mistakes in total. So, be careful with each question in the test. The clock placed right above the question section helps test takers be proactive in managing their exam time. 

An outstanding feature is that test takers will not immediately know the results of each question in this part like in the practice one. After completing all the questions and receiving the final results, test takers will have the opportunity to review all the questions to see which ones they got right and which ones they got wrong. Detailed explanations for the answers are also attached right below each question. This helps test takers review knowledge more deeply and gain experience for the next test, especially in the real exam.

For convenience of use, we also released a mobile version of the application. Operations in the phone application remain the same as on the website. The only difference is that after completing the questions, you must click “Submit” to receive the final results of the test.

Practicing before taking any exam is extremely necessary. Finding a reputable and effective learning source is even more important. Each choice you make can determine success or failure. Trust me! The NMLS practice exam will accompany you on the path to passing the NMLS. Don't wait any longer, download the NMLS  application on the App Store or Google Play or directly go to the website https://easy-prep.org/safe-mlo-practice-test-free-nmls.