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Updated January 2022 What’s the secret to passing the SAFE Mortgage Loan Originator National Exam? If you answered “memorizing all the questions and answers you can find,” you’re wrong. You’ll have a much better chance of passing the loan originator exam if you understand the material. This updated and enhanced loan originator exam manual includes the latest rulings by the Consumer Financial Protection Bureau. Other topics include: Federal Mortgage-Related Laws, SAFE Act, Introduction to Mortgage Lending, General Mortgage Knowledge, Basic Concepts of Mortgage Financing, The Loan Application, Underwriting, Closing and the Secondary Market, Ethics and Fraud, and Mortgage Terminology. There are quizzes throughout the book and two practice final exams to help you test your knowledge. The author was a licensed mortgage broker for seven years and passed the national exam on her first attempt.
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This item: The SAFE Mortgage Loan Originator National Exam Study Guide: Second Edition
by Patricia O’ConnorPaperback
Pass the Mortgage Loan Originator Test: A Study Guide for the NMLS SAFE Exam
by Real Estate InstitutePaperback
NMLS SAFE Mortgage Loan Originator Exam Content Outline Study Guide and Two Full Length Practice Exams: 250 Practice Questions and Full Breakdown of Every Outline Topic
by Bova Books LLCPaperback
Popular Highlights in this book
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There are tour disclosures that the lender or loan originator must give or mail the applicant within three business days of receiving the signed loan application.
Highlighted by 835 Kindle readers
Section 9 of RESPA prohibits the seller from picking the title company and requiring the buyer to purchase the services.
Highlighted by 714 Kindle readers
Lenders have 30 days to refund any excessive variance between the GFE and the HUD-1.
Highlighted by 439 Kindle readers
About the Author
Pat O’Connor is a licensed Florida real estate broker, instructor, and owner of The Veritas Real Estate Group, Inc. that she founded in 2004 in Fort Lauderdale. Her company is a licensed real estate school as well as a brokerage firm, and she teaches the Florida Sales Associate Pre- Licensing course on a regular basis. Her real estate transactions include both residential and commercial properties in South Florida, and she was a licensed Florida mortgage broker for seven years. For a short while, The Veritas Real Estate Group was also a licensed mortgage company and school. Pat wrote the original version of this book as a Florida-approved mortgage pre-licensing textbook that she used for her classes. The book has been updated and enhanced over the years. Pat is in the process of writing study guides for those states that require a separate loan originator state exam. Her current list of published titles is available at https://amazon.com/author/ patriciaoconnor.
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4.5 out of 5 stars 897 ratings
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Pat O’Connor is a licensed Florida real estate broker, instructor, and owner of The Veritas Real Estate Group, Inc., which she founded in 2004 in Fort Lauderdale. Her company is a licensed real estate school as well as a brokerage firm, and she teaches the Florida Sales Associate Pre-Licensing course on a regular basis. Her real estate transactions include both residential and commercial properties in South Florida, and she was a licensed Florida mortgage broker for seven years.
Prior to relocating to Florida in 2002, Ms. O’Connor was employed as a Vice President of Technology at a number of financial firms in New York City including Lehman Brothers, Merrill Lynch and PaineWebber. She has been teaching adults and developing course material since 1985. She was an Adjunct Professor at Saint Peter’s University in Jersey City, N.J. and an Instructor at Columbia University in New York City. Ms. O’Connor enjoys writing about real estate and financial topics and has extensive experience as a freelance writer.
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study guide highly recommend practice exams end of each chapter practice tests hour course safe exam safe mlo national exam easy to read pass the test helped me pass points to remember need to know patricia connor mlo exam mortgage loan easy to understand mortgage industry cover to cover
Top reviews from the United States
1.0 out of 5 stars Please read before thinking about buying this book .
Reviewed in the United States on March 1, 2019
I literally could not wait to come home to write this review. First off I want to start by saying that before I ever purchase anything I always look and read almost every review about the product. When I was reading the negative ones I thought to myself “maybe they didn’t study hard enough or long enough” . But there were so many positive reviews that I thought “why not!” Well guys I read this book threes times back to back did all the quizzes and final exam until I would only get one wrong . I made flash cards , and I also watched affinity videos while I doing things where I couldn’t stop and read . Today was my test and I failed. I studied so hard ! But you know where my mistake was ? By trusting in this book and only reading this book. My test had literally 10% of which was in this book ! Now every test is different so maybe I just happen to get a test that had a bunch of questions that I didn’t even study for. Either way I don’t recommend that you buy this book and solely rely on it to study .
Side note: A lot of these reviews are of people who already failed once and passed the second or third time, and maybe it was only because the took the test before and had practice.
48 people found this helpful
5.0 out of 5 stars Passed SAFE MLO test in CA!
Reviewed in the United States on September 8, 2020
I had took the Safe 20 hr. course in 2015. Fast forward a few years and I decided to pursue a full time path in the Real Estate Industry. Since most of the knowledge I had obtained 5 years ago in the 20 hr course had found its way to the very back of my memory, or simply just lost, I searched for review books that could help refresh and update that info. I found the “points to remember” in the back of each chapter, as well as the Q&A’s, to be very aligned with the actual questions on the test. You will definitely need to have a formal understanding of the law and subject matter to pass this test. As its required to receive at least a 75% to pass. I will disclose I do have an MBA in finance, so my weaker areas were more focused on the law components of the test and less on the formulas & calculations. I would highly recommend this book for anyone looking to give themselves an edge going into taking the MLO Safe test!
17 people found this helpful
5.0 out of 5 stars Get this book if you have failed the SAFE exam
Reviewed in the United States on July 12, 2016
I took the SAFE MLO exam twice (and failed) before I purchased Patricia O’Connor’s MLO study guide. Just a bit of a background, I have no mortgage related experience whatsoever and i thought, after the 20 hour required course, I had a decent handle on the exam. I was wrong the first time when i scored a 73 and I was wrong the second time when I scored lower at a 70. I was dumbfounded. I studied incessantly for those tests, I rewrote the material, created flashcards, etc. Obviously it didn’t work. I know now that I was not clearly understanding the different regulations, which is key. Patricia’s study guide is written in a way that helped me get it, finally! I recommend this book only to those that have already completed the 20-hour coursework and score low on the practice exams. In addition to the book, I was constantly taking the practice exams from the course and I fidnt take the exam until I was consistently scoring an 80 or more on the practice test. My 3rd attempt was a victory, I scored an 84. Thank you Patricia!!!
75 people found this helpful
5.0 out of 5 stars Well-done supplement and wealth of knowledge
Reviewed in the United States on March 25, 2019
The study guide is very well-done and you will learn lots of valuable information. I especially appreciated the “Important things to remember” section at the end of each chapter. I read through the entire guide and completed the tests initially, but my primary usage method was taking the tests over and over and over, and reviewing the “important things to remember” section periodically. I learn far better by doing, and seeing the concepts in practice rather than just reading about them. It helps that I am currently working in the industry, but I am brand new (under a year) and found this book to simplify and break down the concepts extremely well.
With all this said, DO NOT ONLY use this book to prepare for the test. The actual NMLS test is FAR HARDER. I was consistently getting 95-100% on all the practice tests in this book, and I made sure it wasn’t from simply memorizing the questions – I really had a good grasp of all the concepts referenced in the guide. I completed the NMLS test this past weekend and passed my first time with a 83%. I went through the Pro Schools 20 hour course in addition to this guide which helped me get over the top. If I had only used this Study Guide for the exam, I would estimate I would have received a 60-65%, and that’s with working in the industry.
Do yourself a favor and supplement your learning with other materials. And be sure to understand the concepts, because between the Pro Schools test and this Study Guide there were probably only 10% of directly correlated questions. The majority of questions were completely concept related and they purposely try to trick you so read the questions thoroughly.
In short, buy this book, it is well worth the investment. I only advise to use other materials in addition to it to fill in the gaps.
20 people found this helpful
4.0 out of 5 stars Would I recommend buying this book
Reviewed in the United States on December 19, 2017
I just took the test this morning and scored 93%. It took me 2 hours and you are given 3 hours 10 minutes. Would I recommend buying this book? Yes is my answer. The book does a good job of compiling the federal regulations, lending rules and guidelines and providing test to reinforce what you’ve read.
Would this be the only guide I relied on? No. You cannot get everything you need to know from this one source but that is ok. In addition to this book I googled form information, read actual law documentation and used the resources provided by the company that I did my education from.
I read through the book probably 3 times and read lots of other stuff too. I also used test engines from the education providers.
Good luck. Just so you know my post is legitimate. I am not associated with the author in anyway. I did residential lending from 2004-2008 but got out after the market turned. My primary work is in IT and I plan to do loans on the side.