The are 115 questions on the NMLS Federal and State Mortgage Loan Originator exam. Test Questions:
Federal Mortgage Related Laws (28 of 115 questions); General Mortgage Knowledge (23 of 115 questions); Mortgage Loan Origination Activities (23 of 115 questions); Ethics (16 of 115 questions); Uniform State (S.A.F.E) (25 of 115 questions).
This practice exam will include questions from each section. Your performance on this exam should correlate 80% to 90% with your performance on the NMLS exam. A score of 85 would indicate you have mastered the material well enough to earn at least a 75 on the NMLS Mortgage Loan Originators exam.
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William Piontek has earned both a Mortgage Loan Originator's license and and Mortgage Broker's license. He recently sat for the new NMLS Mortgage Originators Federal & State License Exam.
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The Mortgage Loan Originator's 470 page complete study guide with over 300 questions and Answers and a glossary of 250 industry terms is available on iTunes for $7.99 see: https://itunes.apple.com/us/book/mortgage-loan-originator/id967898180?ls=1&mt=11
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