7 Key NMLS Exam Topics You Must Know 📋

If you're studying for the SAFE MLO test, this session has insights to help you pass faster and understand what shows up on the exam. I break down the most common student questions and exam traps from debt-to-income ratios to the qualified mortgage rule. Get NMLS exam flashcards for the SAFE MLO test at: https://shop.studywithdee.com/products/nmls-exam-flashcards-for-the-safe-mortgage-loan-originator-test/ 📘

Learn:
- Why loan origination fees can't just "change."
- Why the 43% rule matters but doesn't always apply.
- How to calculate front-end and back-end DTI ratios.
- What Safe Harbor means and how it protects lenders.
- What's misunderstood about loan estimate tolerances.
- What lenders must prove under the Ability to Repay rule.
- How APR is calculated and why it's different from the interest rate.

Chapters:
00:00 - Session Overview and Loan Estimate
05:45 - Good-Faith Lending and DTI Ratios
15:18 - Practice Question 1
16:36 - Qualified Mortgage and ATR Rules
24:03 - Safe Harbor and Question 2
27:10 - Origination Fees and APR Impact
33:41 - Question 3 and Safe Harbor Wrap-Up

Watch these https://youtu.be/mEeBHHj-u8E/ next!

#NMLS #SafeHarbor