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85% first-time NMLS exam pass rates with MLO Test Ready
Simplified LMS built for mortgage companies
Multiple course formats available
NMLS-approved education that supports a life long career in mortgage
Prepare to pass your NMLS exam with a study
booster like Prep xL or register for a webinar session to gain valuable study tips from an
industry expert.
Learn concepts
faster
by choosing a format that best suits your learning style.
Online Self-Paced
Prep xL is our online self-paced study tool, which means
you will study independently and learn at your own pace without help from
an instructor.
Webinars
Our fast-paced exam prep webinars are taught by live
instructors who have taken the exam before. Webinars allow you to interact
with the instructor and ask any questions about the NMLS exam.
Prep xL is now a included in Premier Plus and Premier
packages!
We've streamlined our
proven training programs. Begin by selecting the states in which you wish to be licensed,
then choose an NMLS-approved license package tailored to your lifestyle, goals, and
budget.
Studying for the NMLS exam
Important details to know
about NMLS test prep.
What to expect
The SAFE MLO exam consists of 120 multiple-choice questions that cover five
key content areas: federal mortgage-related laws (24% of the exam), uniform state content
(11%), general mortgage knowledge (20%), mortgage loan origination activities (27%), and ethics
(18%).
To find out what may be covered on the exam in more detail, the NMLS provides
a
handbook and a national test outline that you can use
to
study. Keep in mind that the outline is not intended to be a full list of every topic and
subtopic
that will be covered. Be sure to review chapter 7 of the handbook to familiarize yourself with what to expect
on
your test day.
Exam cost
The cost to take the exam is $110. Once a test enrollment request has been
submitted and payment has been processed, you will have a 180 day enrollment window to complete
the
exam. Learn more about the testing process in chapter 2 of the handbook.
Passing score
You must score a 75% or better to pass the exam. Scores
below 75% will be considered a failure by the NMLS and will require you to re-take the test
(and pay the testing fee again).
How to prepare
To give yourself the best opportunity of passing on your first attempt, we
highly
recommended using Prep xL alongside your pre-licensing education.
Practice
often and test your understanding of topics and questions that could be on the exam. Learn more
about Prep xL in this video:
Common questions
Get answers to the most frequently
asked questions about the NMLS exam.
Register for the NMLS national licensing exam by following these steps:
It is important to remember that the pass rate for the exam is very low
and
it is quite common to fail on your first attempt. To retake the exam, you will need to pay
the
required fees and wait at least 30 days before you are able to try again. If you fail
again, you
will be required to wait at least 180 days until you are able to take it again.
Most importantly, don't be discouraged if you don't pass on your first
few
attempts. If you purchased an exam prep tool like Prep xL, your access lasts for a full
year
from the time of purcahse. So, use your waiting period wisely, keep studying the material
and
you'll position yourself for success on your next try.
Once you receive a passing score on the exam, you'll need to apply for
your
mortgage loan originator license through the NMLS website, authorize background checks, a
credit
check and pay any state-specific application fees.
To learn more about the steps to complete your MLO application, read our
step-by-step guide.
Visit the Prep xL login page to access your Prep xL study tools. Your
login
information may be different from your OnCourse Learning training login.